Adani Enterprises Limited: Growth with Goodness- 30+ Yrs of Legacy in Making

Have you tracked the Adani Enterprises share price recently? Or read about its ambitious green hydrogen projects? From airports to expressways, and from ports to power plants, Adani Enterprises has built businesses that touch the lives of millions in India.

Their journey began in 1988 with a small trading firm in Gujarat and has since grown into India’s largest listed business incubator. For more than 30 years, its ventures have spanned ports, airports, roads, renewable energy, data centres, copper, and defence.

Let’s understand how Adani Enterprises Ltd is building the future with the motto of “Growth with Goodness.”

Adani Enterprises- Quarterly Snapshot – Q1 FY26

• Total Income (Revenue): ₹22,437 crore
• EBITDA: ₹3,786 crore
• Profit before Tax (PBT): ₹1,466 crore
• Incubating Businesses’ EBITDA: ₹2,800 crore (up 5% YoY)
• Airports EBITDA (AAHL): ₹1,094 crore (up 61% YoY)

History of Adani Enterprises Limited and Milestone Achieved

The Early Days (1988–1999)

In 1988, Mr Gautam Adani founded Adani Exports in Ahmedabad, Gujarat. The company initially focused on trading agricultural commodities and power.

But trading alone couldn’t match the company’s ambitions. The company needed better logistics and infrastructure to scale.

That’s when the turning point came. In the late 1990s, Adani Enterprises took a bold step, building its own port at Mundra, which went on to become India’s largest private port. In the same year, the Adani Group got approval from the Gujarat Maritime Board for setting up a captive jetty in Mundra.

In 1995, Mr Adani transformed Mundra into a leading port. Today, it’s a major economic gateway with robust multimodal connectivity. These multipurpose berths 1 and 2 began operations with MT Alpha-2, a small tanker; the first ship to anchor there.

By the end of the decade, Adani Exports became the top net foreign exchange earner in India and the largest private sector Superstar Trading House in India.

Expansion Years (1999–2015)

Adani Group advanced with new ventures, commencing Integrated Resource Management (IRM) for natural resource management.

The Group diversifies and invests in the FMCG sector, establishing Adani Wilmar Ltd in partnership with Wilmar International, Singapore.

Certified: Adani Exports Ltd has been accorded the Golden Status certificate, making it a Golden Superstar Trading House.

Around 2007, Adani Agri Logistics Ltd (AALL) commissioned grain silos at seven locations, advancing its mission of ensuring food security in India.

They also acquired Indonesia’s Bunyu natural resource mine, its first overseas mining project, to support India’s rising natural resource demand.

By the early 2010s, the company wasn’t just about trade and ports anymore. It had spread across infrastructure, energy, and resources, shaping itself into a diversified powerhouse.

Adani started operations in Australia with mines, rail, and port projects in Queensland, led by the Carmichael mine and rail project.

In 2012, the Group also introduced India’s largest power plant in Gujarat, establishing APL Mundra as the leading private thermal power producer with 4,620 MW.

They then became India’s largest private thermal power generator with 9,280 MW.

The Incubator Era (2015–2024)

From 2015 onward, Adani Enterprises started mergers and demergers. Instead of keeping every business under one roof, it began nurturing them until they were ready to stand alone. Thus, the demerger of APSEZ, Adani Power Ltd., Adani Green Energy, Adani Gas, and Adani Transmission Ltd. was completed.

This is how the “business incubator” model was born.

At the same time, Adani Enterprises moved into the defence sector for nation-building. They partnered with Israel’s Elbit Systems for surveillance drones.

The focus shifted from just growth to nation-building. Every venture was designed to meet India’s rising demand for infrastructure, energy, and connectivity. Adani Ports became the first Indian port operator to record 200 MMT cargo movement.

In 2019, it ventured into sports with Adani Sportsline and won the inaugural boxing league.

Around 2021, Adani Group partnered with EdgeConneX, USA, to set up data centres. Their aim was to provide a controlled and secure environment for data and digital information. In the same year, it also acquired a 23.5% stake in Chatrapati Shivaji Maharaj International Airport in Mumbai from GVK for operational management.

Last year, in 2024, Adani Defence & Aerospace opened its first indigenously manufactured Drishti 10 UAV. 

Also, Adani Green Energy became India’s first to surpass 10,000 MW of renewable energy production. Adani and Google partnered to power Google’s India operations with clean energy from Adani’s solar-wind hybrid project at Khavda, supporting 24/7 carbon-free energy and advancing shared sustainability goals.

Latest 2025 Update

In August 2025, the company sought shareholders’ approval to borrow an additional ₹16,500 crore from its subsidiary Adani Infra (India) Ltd. This is done to strengthen the balance sheet, reduce reliance on external capital, and access funds quickly for high-value projects and strategic investments.

In September 2025, Adani Enterprises secured an LoA to build a ₹4,081 crore ropeway from Sonprayag to Kedarnath. It spans 12.9 km, cutting travel time from 9 hours to just 36 minutes and carrying 1,800 passengers per hour. It is developed under the Parvatmala Pariyojana on a PPP model. 

Chairman Gautam Adani called it “a bridge between devotion and modern infrastructure”, which highlights how the project blends faith with nation-building.

Adani Enterprise’s Vision for the Future of Building India

AEL’s guiding philosophy: “Growth with Goodness”, to build world-class businesses that enrich lives and support nation-building. They were listed among TIME’s World’s Best Companies 2024, recognised for employee satisfaction, revenue growth and sustainability

• Green Hydrogen & Copper: AEL is building a large green hydrogen ecosystem and setting up the world’s biggest copper smelter at Kutch, Gujarat. This will help reduce India’s dependence on imports.
• Airport Expansion: Its airport arm secured $750 million in funding for upgrades and expansion across six airports. AEL now manages eight airports and served 94 million passengers in FY25, aiming to scale to 300 million per year by 2040. 
• Roads and Highways: They are in the process of building the Ganga Expressway to improve connectivity in Uttar Pradesh.
• Digital & Data Centres: Through its joint venture AdaniConneX, the company is building large data centres to support India’s growing digital economy.
• Sustainability: AEL is reducing CO₂ and water-use intensity, managing 99% of its waste responsibly. Also, Adani Green Energy became India’s first to surpass 10,000 MW of renewable energy production.
• Defence and Aerospace: Adani Defence & Aerospace opened our first indigenously manufactured Drishti 10 UAV. They have also inaugurated South Asia’s largest ammunition and missiles complex in Kanpur.

CSR Activities of Adani Enterprises Limited

In 1996, Adani Enterprises established the Shri Shantilal Bhudarmal Adani Charitable Trust in honour of his late parents to support the underprivileged. 

It focused on holistic community development and Sustainable Development Goals (SDGs). Recently, Adani Group, with ISKCON, served Mahaprasad to 50 lakh devotees at Maha Kumbh 2025.

Key CSR Programs

• SuPoshan: A nutrition program that fights malnutrition among children and anaemia in women.
• Udaan: It provides scholarships and career guidance to talented students from weaker sections.
• Swachhagraha: Inspired by Mahatma Gandhi, it spreads awareness about cleanliness and hygiene in schools and communities.
• Saksham: In 2008, the Adani Foundation started Adani Vidya Mandir in Ahmedabad to impart free education to children of the weaker sections. Furthermore, the Adani Foundation and GEMS Education announced that 30% of the CBSE seats will be free for underprivileged children. 
• Health Initiatives: Free medical camps, telemedicine services, mobile health units, and support for TB patients.

The following are the key highlights of their developmental activities

• Mr Adani Foundation reached millions of beneficiaries across 5,000+ villages and towns in India.
• Mr Adani announced a $100-billion investment in green energy and manufacturing, aiming to produce the world’s cheapest green electron
• They pledged to grow 100 million trees by 2030 at the “Trillion Trees Platform” of the World Economic Forum.
• Mr Adani honoured his vow of a simple wedding for his son Jeet by donating Rs 10,000 crore to social causes

Adani Enterprises Limited (AEL)- FAQs

Source: Screener

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