- The market price of Adani’s listed firms has grown over 5 times within the last year.
- The group’s listed companies’ market capitalization has increased from ₹1.64 lakh crore to ₹8.5 lakh crore during this time.
- Four out of the six companies have added quite ₹1 lakh crore to investor wealth, each.
- Here’s a look at how all the six listed Adani Group companies have performed over the last year within the share market.
The rise of Gautam Adani, and his group of companies, has been meteoric over a previous couple of years. The Ahmedabad-based group has leapfrogged from being a medium-sized one to at least one of the richest family-based businesses in India, leaving the likes of the Tatas, Birlas, Wadias among others.
Only Mukesh Ambani stands before Gautam Adani in terms of wealth. Ambani’s fortune stands at $77 billion, Adani isn’t far behind at $69 billion. In fact, since the start of 2021, Adani has added ₹75 crores per hour to his wealth, after Jeff Bezos and French luxury Tycoon Bernard Arnault, who was briefly the richest person within the world.
The story behind the rapid rise in Gautam Adani’s wealth and profile is that the groups specialise in infrastructure investments. Over the last two years, the Adani group has made acquisitions worth ₹50,000 crore – of these, ₹25,000 crores came within the last year alone.
Even as the planet – and India – was reeling under the COVID-19 pandemic, Adani group companies across power, ports, gas distribution, power transmission sectors have seen a multi-fold surge in their market capitalization – a number of these have seen a rise of nearly 11 times in share prices.
In total, the six Adani Group companies had a market cap of ₹1.64 lakh crore at this point, last year. This has now surged to over ₹8.5 lakh crore – a rise of over 420%.
Here’s a fast snapshot of how all the six Adani group companies listed on the stock exchanges have performed over the last 12 months: