Many important occasions came in Adani's life.
New Delhi. There comes some turning point in the life of every successful businessman, which takes him towards immense success. Gautam Adani, who is counted among the richest people of India, also had a similar turn in his life, after which he never looked back. Today his net worth is around Rs 6 lakh crore, even though he is a college dropout. What was the biggest turning point of his life, let us know.
What led to success?
There were many important turning points in the business journey of Gautam Adani (Gautam Adani Net Worth), but the most important is considered to be the economic liberalization of 1991 in India, which opened the way for private enterprises. At the same time, in the mid-90s, Adani decided to develop Mundra Port, which established him as a logistics giant. After this, Adani timely moved into power and energy and then green energy, thereby strengthening the foundation of his group in the important infrastructure sector of India.
What was achieved from the Mundra Port contract?
Adani had won the contract from the Gujarat government to develop Mundra Port, which at that time was a bold move in the capital-intensive infrastructure sector. At that time private companies were hesitant. He saw this port as an important location for India's trade and economic development. The project transformed a vast marshy coastline into India's largest private port and a major logistics hub. The port's success enabled the group to move into adjacent sectors such as power generation (as a major coal importer), edible oil production (through a joint venture with Wilmar), and logistics.
This was also a big turning point
This is considered to be another big turning point in Adani's life. He was working as a diamond sorter in the Mumbai branch of Mahindra Brothers. Here he would learn every little thing about business and also keep an eye on the changing markets. He started his own diamond brokerage in Zaveri Bazaar, the city's largest jewelery market. This was his first big opportunity. A year later, his elder brother, Mahasukh Adani, bought a plastics unit in Ahmedabad and requested him to return home and run a franchise. This also proved to be a turning point in Gautam Adani's life. Their decision to import polyvinyl chloride, an essential industrial raw material, marked their entry into the global trading market.
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