The Adani Group has made considerable progress in the last few years. Investors are also benefiting from the steady increase in its shares. The shares of its 6 major companies have seen an increase.
Gautam Adani and his group of companies have made considerable progress in the last few years. This is the reason why this Ahmedabad-based small group has carved out its place as India’s richest group, leaving behind entrepreneurs such as Tata, Birla and Wadia. With commercial advantages, Gautam Adani has almost come close to Mukesh Ambani, Chairman of Reliance Group. Investors are also benefiting from the increase in shares of Adani Group. The investment of 10,000 in its 6-legged companies has given 420% returns in 12 months. Right now its value has been Rs 52,000.
The Adani Group has acquired Rs 50,000 crore in the last two years. 25,000 crores of them came only in the last year. The group’s focus on infrastructure investment is behind the rapid growth in Gautam Adani’s wealth and profile. The Adani Group has also progressed during the COVID-19 epidemic. Companies in the power, ports, gas distribution, power transmission sectors of the Adani Group saw manifold growth in their market capitalization. Many of its share prices have increased up to 11 times.
The six companies of Adani Group had a market capitalization of 1.64 lakh crore last year. Now it has increased to more than 8.5 lakh crores. Gautam Adani, chairman of the Adani Group, is ranked 14th in the list of richest people in the world in terms of wealth. According to the Bloomberg Billionaires Index list, only Mukesh Ambani is ahead of Gautam Adani. Ambani has assets of $ 77 billion, while Adani is a little behind with $ 69 billion.
Also read: Mukesh Ambani, despite being the 13th richest person in the world, does not keep a single rupee in his pocket, know why?