I

Adani Group is a diversified organisation in India comprising 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.
Adani owes its success and leadership position to its core philosophy of ‘Nation Building’ driven
by ‘Growth with Goodness’ - a guiding principle for sustainable growth. Adani is committed to
increase its ESG footprint by realigning its businesses with emphasis on climate protection and
increasing community outreach through its CSR programme based on the principles of
sustainability, diversity and shared values.I

VISION : To be a world class leader in business that enrich lives and contribute to nations in
building infrastructure through sustainable value creation.

Values:

Trust : we shall believe in our employees and other stakeholders

Commitment: we shall stand by our promises and adhere to high standards of business.

Courage: we shall embrace new ideas and business.

Adani Group is an Indian multinational conglomerate, Founded by Gautam Adani in 1988 as

a commodity trading business, the Group's businesses include port management, electric
power generation and transmission, renewable energy, mining, airport operations, natural
gas, food processing and infrastructure.

. Adani Group History

The Adani Group began as a commodity trading business, primarily dealing in

agricultural products and textiles. In the early 1990s, the company expanded into
importing and exporting raw materials and finished goods.

In the late 1990s, the Adani Group began diversifying into other industries, including
infrastructure, logistics, and energy. The company built India's first private port,
Mundra Port, in 1998 and later expanded into developing airports, roads, and power
plants.
In the early 2000s, the Adani Group became a leading player in India's renewable
energy sector, focusing on solar and wind power projects. The company also
expanded its operations globally, investing in ports, mines, and power plants in
countries such as Indonesia, Australia, and Africa.

In recent years, the Adani Group has faced controversy and opposition over its
proposed Carmichael coal mine in Australia. It has been met with significant
opposition from environmental groups and local communities. Despite this, the
company continues to expand its operations and investments in various industries
across India and the world.

Strengths in the SWOT analysis of Adani Group

Strengths are defined as what each business does best in its gamut of operations which can give
it an upper hand over its competitors. The following are the strengths of Adani Group:

 Strong Vision: The company has been led by a strong vision which is tuned in towards
progress and forward-looking. The company envisages sustainable and inclusive progress
and is focused towards providing maximum benefits to all stakeholders.
 Core values: The business is deeply rooted in its value system which consists of
commitment, trust, and teamwork. The company has around 10,000 employees and they
all work as one team in synergy with the vision of the leader.
 Strong leadership: Gautam Adani, the one force behind the meteoric rise of the Adani
Group has been a powerful leader and entrepreneur. He was wise in making the right
investments and moved ahead without being daunted by failure. He is also quoted as a
reference for the quote leading by example.
 Diversified investments: The Adani Group has a presence in diverse core industries such
as coal, power, steel, infrastructure, energy, logistics and real estate which covers almost
all core sectors making the conglomerate a very strong presence in most areas of industrial
development.
 Strong financial records: The Adani Group has been steady in their financial records
and has registered an operating margin of 11 .2 % in the year 2017. The equity share
capital and debts have been reinvested into assets which have resulted in higher revenues.
The ratio of the operating profit to sales is also on an incline indicating that the
operational efficiency is growing.
Weaknesses in the SWOT analysis of Adani Group

Weaknesses are used to refer to areas where the business or the brand needs improvement. Some
of the key weaknesses of China include:

 Ethical Issues: Though Adani has always been vocal about their commitment towards the
society they have been facing an allegation of illegal coal mining for which they are facing
charges under the court of law. They have also got into issues like illegal land
encroachment in SEZ in Mundra.
 Unhappy shareholders: The Adani Group has not been able to create shareholder
satisfaction and this is evident by the fact that the group has lost 14 to 24 percent of their
wealth and their debt has increased to around Rs 70,000 crores.
 High-risk appetite: Probably inspired by the sudden growth spurt the top brass of Adani
Group made some risky investments in mining in Australia which are not giving the
promised returns. In addition to this, some of their investments in infrastructure and real
estate are also taking time to monetize

Opportunities in the SWOT analysis of Adani Group

Opportunities refer to those avenues in the environment that surrounds the business on which it
can capitalize to increase its returns. Some of the opportunities include :

 Diversification into renewable energy: There is a lot of impetus given by governments to

sustainable and renewable energy sources like wind. Adani Group already has the presence
in power and thus they may find it simpler to move to hydroelectric or wind power.
 Growth potential in power sector: Statistics from the government indicate that in
accordance with the 12th Five-Year Plan, the power capacity will include an additional
88.5 GW from which, 72.3 GW will be thermal power, 10.8GW hydropower & 5.3 GW
nuclear power. This is a huge opportunity for Adani Power.
 Opportunities in infrastructure: The Planning Commission of India has made proposals
for expansion in roads and highways, ports, civil aviation and airports, and power
infrastructure segments. All this can be the potential target for the Adani Group.

Threats in the SWOT analysis of Adani Group

Threats are those factors in the environment which can be detrimental to the growth of the
business. Some of the threats include:

 Foreign investment: Foreign investment inspectors like energy and infrastructure have
grown profusely in the last decade. An estimated investment of around US$22 billion has
been projected for the next five years in infrastructure. There are also a lot of foreign
infrastructure conglomerates moving into India. This can be a potential threat to the
company.
  Negative perceptions on the group: In comparison to other Indian conglomerates like the
Tatas or the Birlas the Adani Group has come into existence recently and thus do not have
the trust or goodwill that the others have. Adding to this are allegations of illegal
encroachment and mining scandals.

. Businesses Growth is incomplete without goodness. From building assets of national relevance to
transforming lives through self-reliance and sustainability, our vision is balancing growth with goodness.

Business portfolios:

Energy and utilities :

• Renewable power generation • Solar manufacturing • Power transmission • Power distribution

• Gas distribution • Thermal power generation • Natural resources

Transport and logistics :

• Agri logistics • Ports and terminals • Logistics • Industrial land

Incubation :

• Defence and aerospace • Airports • Water • Road, metro and rail • Data centre • Fruits

Others:

Edible oils and food • Real estate • Financial services • Housing finance

Listed companies:

.Adani Enterprises:

Adani Enterprises is a holding company, which is primarily engaged in mining and trading
of coal and iron ore on a standalone basis, and acts as an incubator for Adani Group's new
business ventures. It has three main subsidiaries: Adani Wilmar (food processing), Adani Airport
Holdings (airport operations) and Adani Road Transport (road development). Through its other
subsidiaries, Adani Enterprises also has business interests in solar PV
module manufacturing, water infrastructure, data centers, agri-output storage and
distribution, defence and aerospace, bunkering, rail and metro infrastructure, real estate, financial
services, oil exploration, petrochemicals and cement.

Adani Green Energy

Adani Green Energy is the renewable energy arm of the group, having wind and solar power
plants in its portfolio. It is the world's largest solar power developer by capacity, with a total
capacity of 12.3 GW. In 2022, Adani Green formed 3 new subsidiary companies, called Adani
Renewable Energy Thirty Six, Adani Renewable Energy Forty Limited and Adani Renewable
Energy Forty Seven Limited.
Adani Ports & SEZ:
Adani Ports & SEZ (APSEZ) is the largest private port company and special economic zone in
India, with ten ports and terminals including Mundra Port, its largest. The company is headed by
Karan Adani, CEO of APSEZ. The company's operations include Port management, logistics and
the special economic zone. The company operates at the following ports: Mundra, Tuna
Port, Dahej, and Hazira, Gujarat; Gangavaram, Andhra
Pradesh; Dhamra, Odisha; Kattupalli, Tamil Nadu; and Vizhinjam, Kerala.

Adani Power

Adani Power was established in August 1996 . The company develops and maintains power
projects and is the largest private sector power generation company in the country. It has a
combined installed capacity of 12,450 MW with four thermal power projects across India.
Adani Transmission:
Integrated in 2013, Adani Transmission handles the commissioning, operations and maintenance
of electric power transmission systems. As of May 2021, the company holds, operates and
maintains 17,200 circuit kilometres of transmission lines that range from 400 to 765 kilovolts,
making it India's largest private sector power transmission and distribution network.

Adani Total Gas :

Adani Total Gas is a city gas distribution company serving both industrial and residential
customers in India through piped natural gas connections and compressed natural gas stations. It
is a joint venture between Adani Group and the French oil and gas company TotalEnergies.
Adani Total Gas has presence in 22 geographical areas (GAs) as a standalone entity as of
November 2020.
Indian Oil-Adani Gas Pvt. Ltd., a 50:50 joint venture between Adani Total Gas and Indian Oil
Corporation, operates city gas distribution networks in 19 GAs.With a combined presence of 41
GAs in 74 districts, Adani Total Gas is the largest city gas operator in India. Recently, The Adani
Group announced strategic collaboration with Snam, Europe's leading gas infrastructure
company on energy mix transition.
Adani Wilmar
Adani Wilmar, a joint venture between Adani Enterprises and Wilmar International, is the owner
of the Fortune brand of edible oils. In May 2022, Adani Wilmar Limited (AWL) acquired
‘Kohinoor’ brand from McCormick Switzerland GMBH.