Gautam Adani

Fast-rising industrialist, started out as trader in 1988, expanded into infrastructure. His Adani Group owns Mundra Port, India's biggest in the private sector. Also has energy interests through Adani Power. In buying binge to secure coal supplies, he bought an Australian mine lease and inked a deal for two coal mines in Indonesia. In a court-approved move, he transferred his holdings in Mundra Port to flagship Adani Enterprises. Federal environment ministry charged Mundra for allegedly flouting green laws; company denies. A cricket fan, his bid for a cricket team at the last Indian Premier League auction was unsuccessful. In November 2024, shares in Adani Group plunged this morning after the U.S. authorities leveled fraud charges against Gautam Adani, its billionaire founder and a powerful ally of Prime Minister Narendra Modi. Prosecutors accused Adani of orchestrating a huge bribery scheme and lying to American investors.