Adani Group Statement – Misleading News from Bloomberg About Gautam Adani Setting Up Family Office in Dubai or New York, Triggered Needless & Avoidable Speculation
18th November 2022 | Hong Kong
Asia richest man with over $130 billion fortune Gautam Adani’s Adani Group has released a statement, citing misleading news from Bloomberg about Gautam Adani setting up a family Office in Dubai or New York. Adani Group (18/11/22):“We are aware of a report from Bloomberg news claiming that Adani Group Chairman Mr Gautam Adani is considering opening a family office in Dubai or New York. There is no truth to this claim. Neither Mr Adani nor the Adani Family has any plan or is in consultations to open a family office overseas. It is extremely unfortunate that this baseless report by Bloomberg has triggered a flood of needless and avoidable speculation in the media.”
“ Adani Group Statement – Misleading News from Bloomberg About Gautam Adani Setting Up Family Office in Dubai or New York, Triggered Needless & Avoidable Speculation “
Adani Group is a diversified organisation in India with market cap of over $150 billion comprising of 7 publicly traded companies. It has created a world class transport and utility infrastructure portfolio that has a pan-India presence. Adani Group is headquartered in Ahmedabad, in the state of Gujarat, India. Over the years, Adani Group has positioned itself to be the market leader in its transport logistics and energy utility portfolio businesses focusing on large scale infrastructure development in India with O & M practices benchmarked to global standards. With four IG rated businesses, it is the only Infrastructure Investment Grade issuer in India.
Gautam Adani, Chairman of Adani Group
Mr. Gautam Adani is the founder and the Chairman of the Adani Group which ranks among the top 3 industrial conglomerates in India. Mr. Adani, a first-generation entrepreneur, is driven by the core philosophy of infusing “Growth with Goodness” through his vision of nation-building. Each of the Group’s businesses are focused on helping build world-class infrastructure capabilities to help accelerate the growth for India. Adani Group is constituted of 7 publicly listed entities with combined market capitalization in excess of with businesses spanning across Energy, Ports & Logistics, Mining & Resources, Gas, Defence & Aerospace and Airports. In each of its business areas, the Group has established leadership position in India.
Nation-building, for Mr. Adani, means transforming the coastline of India by building a series of ports and logistics hubs, thus generating several tens of thousands of jobs. It means transforming the power scenario in India and mitigating the urban rural divide by delivering electricity to several hundreds of millions living in the hinterlands of India. It means enabling food security by building a modern agriculture supply chain empowering the farmers of our country. It means to fulfill India’s energy requirements and become one of the largest players in sustainable energy by making the largest commitment to the renewables ecosystem spanning across solar manufacturing, generation, and solar park businesses. It means playing an instrumental role in helping India become self-reliant in defence and security, and making India the hub for defence manufacturing. The Group has a strong track record of working with global leaders who want to participate in the India growth story; the global expertise of these international companies in their respective businesses, combined with the local execution and market capabilities of Adani Group has created enduring partnerships. The list of partners includes the likes of Wilmar Group, Total SA and Elbit Systems, among others.
Adani Foundation, the Group’s Corporate Social Responsibility arm is among his key interest areas. The Foundation’s pan-India initiatives across key sectors of education, healthcare, sustainable livelihoods and community infrastructure development touch more than 3.4 Million lives annually in 2315 villages across 18 Indian states.
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