Adani Enterprises Limited (AEL) is an Indian multinational publicly listed

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

and a part of

Adani Group Adani Group (, ) is an Indian Multinational corporation, multinational Conglomerate (company), conglomerate, headquartered in Ahmedabad. Founded by Gautam Adani in 1988 as a commodity trading business, the Group's businesses include port, sea ...

. It is headquartered in

Ahmedabad Ahmedabad ( ), also spelled Amdavad (), is the most populous city in the Indian state of Gujarat. It is the administrative headquarters of the Ahmedabad district and the seat of the Gujarat High Court. Ahmedabad's population of 5,570,585 ...

and primarily involved in mining and trading of

coal Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other Chemical element, elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal i ...

and

iron ore Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the f ...

. Through its various subsidiaries, it also has business interests in airport operations, edible oils, road, rail and water infrastructure,

data centers A data center is a building, a dedicated space within a building, or a group of buildings used to house computer, computer systems and associated components, such as telecommunications and computer data storage, storage systems. Since IT opera ...

, and solar manufacturing, among others.

History

The company was incorporated in 1993 under the name Adani Exports Limited. It mainly deals with the group's integrated resources management, power trading, and natural resources businesses on a standalone basis. Its general purpose is to act as an in-house incubator for

's new businesses until they become self-sustainable.

Subsidiaries

Adani Enterprises is involved in edible oils foods, airport operations, solar PV manufacturing, road, water infrastructure,

data center A data center is a building, a dedicated space within a building, or a group of buildings used to house computer systems and associated components, such as telecommunications and storage systems. Since IT operations are crucial for busines ...

s, agri-output storage and distribution, defence and aerospace,

bunkering Bunkering is the supplying of fuel for use by ships (Marine diesel oil, such fuel is referred to as bunker), including the logistics of loading and distributing the fuel among available shipboard tanks. A person dealing in trade of bunker (fue ...

, shipping, rail and metro infrastructure,

oil exploration Hydrocarbon exploration (or oil and gas exploration) is the search by petroleum geologists and geophysicists for hydrocarbon deposits, particularly petroleum and natural gas, in the Earth's crust using petroleum geology. Exploration methods V ...

petrochemicals Petrochemicals (sometimes abbreviated as petchems) are the chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable so ...

mass media Mass media include the diverse arrays of media that reach a large audience via mass communication. Broadcast media transmit information electronically via media such as films, radio, recorded music, or television. Digital media comprises b ...

green hydrogen Green hydrogen (GH2 or GH2) is hydrogen produced by the electrolysis of water, using renewable electricity. Production of green hydrogen causes significantly lower greenhouse gas emissions than production of grey hydrogen, which is derived fr ...

, copper, aluminium, and online services. Subsidiaries of Adani Enterprises include:

Adani Defence & Aerospace

It is a defense manufacturing arm of the company. It manufactures with armed drones such as Drishti 10 Starliner UAV and small arms such as IWI Negev, Tavor TAR-21, and IWI ACE. As a part of a joint venture between

Elbit Systems Elbit Systems Ltd. is an Israel-based international military technology company and defense contractor. Founded in 1966 by Elron, Elbit Systems is the primary provider of the Israeli military's land-based equipment and unmanned aerial v ...

from Israel and Adani Defence and Aerospace, a manufacturing facility for

unmanned aerial vehicle An unmanned aerial vehicle (UAV) or unmanned aircraft system (UAS), commonly known as a drone, is an aircraft with no human pilot, crew, or passengers onboard, but rather is controlled remotely or is autonomous.De Gruyter Handbook of Dron ...

have been set up at

Hyderabad Hyderabad is the capital and largest city of the Indian state of Telangana. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part of Southern India. With an average altitude of , much ...

Telangana Telangana is a States and union territories of India, state in India situated in the Southern India, south-central part of the Indian subcontinent on the high Deccan Plateau. It is the List of states and union territories of India by area, ele ...

, inaugurated in 2019. In April 2020, Adani Defence Systems and Technologies acquired Alpha Design Technologies Pvt Ltd., an organization involved in the design, development, and manufacture of defense electronics and avionics. In September 2020, Adani acquired a 51 percent stake in PLR Systems Private Ltd which was incorporated in 2013 and engages in manufacturing and supply of indigenously built defense equipment to the armed forces. In May 2022, Adani Defence Systems and Technologies, a wholly-owned subsidiary of Adani Enterprises, signed a definitive agreement to acquire a 50% stake in Bengaluru-based General Aeronautics. The company is involved with DRDO in Long-range Guided Bomb, VSHORAD, UAV launched Precision Guided Munition (ULPGM),

NASM-SR NASM–SR or Naval Anti-Ship Missile–Short Range is the first indigenous air-launched anti-ship missile being developed by the Defence Research and Development Organisation for the Indian Navy. The missile is manufactured by Adani Enterprises ...

and Rudram-1. In February 2024, Adani Defence & Aerospace inaugurated two ammunition and missile manufacturing facilities in the Uttar Pradesh Defence Corridor at Kanpur. Uttar Pradesh Chief Minister Yogi Adityanath inaugurated the Ammunition & Missiles Complex, marking the first phase of the state's defence corridor. These facilities are designed to produce various calibres of ammunition and missiles for the Indian armed forces and police. The complex spans 500 acres and will produce 150 million rounds of small-calibre ammunition, covering 25% of India's annual requirement. In June 2024, Adani signed an agreement with

Thales Group Thales S.A., Trade name, trading as Thales Group (), is a French multinational corporation, multinational aerospace and defence industry, defence corporation specializing in electronics. It designs, develops and manufactures a wide variety of aer ...

to locally manufacture 70 mm calibre FZ275 LGR rockets for Indian attack helicopters like

HAL Rudra The HAL Rudra () also known as ALH-WSI, is an armed version of the HAL Dhruv utility helicopter which is designed and produced by the Indian aerospace manufacturer Hindustan Aeronautics Limited (HAL). The Rudra was developed in parallel to the ...

and

HAL Prachand The HAL Prachand () is an Indian multi-role light attack helicopter designed and manufactured by Hindustan Aeronautics Limited (HAL) under Project ''Light Combat Helicopter'' (LCH). It has been ordered by the Indian Air Force (IAF) and the In ...

. In June 2024, Adani Defence and Aerospace and EDGE Group, a

UAE The United Arab Emirates (UAE), or simply the Emirates, is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula. It is a federal elective monarchy made up of seven emirates, with Abu Dhabi serving as i ...

-based technology and defence organisation, entered a cooperation agreement. The collaboration covers missiles, weapons, unmanned systems, air defence products, and electronic warfare technologies with potential R&D and production facilities in India and the

. In May 2025, Adani Defence & Aerospace has signed a binding collaboration agreement wit
Sparton
(DeLeon Springs LLC), a group company of

, to manufacture

anti-submarine An anti-submarine weapon (ASW) is any one of a number of devices that are intended to act against a submarine and its crew, to destroy (sink) the vessel or reduce its capability as a weapon of war. In its simplest sense, an anti-submarine weapon ...

sonobuoys A sonobuoy (a portmanteau of sonar and buoy) is a small expendable sonar buoy dropped from aircraft or ships for anti-submarine warfare or underwater acoustic research. Sonobuoys are typically around in diameter and long. When floating on the ...

in India.

Adani Airport Holdings

Chhatrapati Shivaji International Airport 3

Adani Airport Holdings is the airport management and operations subsidiary. It is the majority stakeholder in Mumbai International Airport Limited (MIAL), which owns the

Chhatrapati Shivaji Maharaj International Airport Chhatrapati Shivaji Maharaj International Airport is the international airport serving Mumbai, the capital of the Indian state of Maharashtra. It is the second-busiest airport in India in terms of total and international passenger traffic a ...

and the under-construction

Navi Mumbai International Airport Navi Mumbai International Airport is an international airport being constructed in Ulwe, Navi Mumbai, Raigad district, Maharashtra, India. When completed, it will become the second airport of the Mumbai Metropolitan Region, serving alongside M ...

.According to

media Media may refer to: Communication * Means of communication, tools and channels used to deliver information or data ** Advertising media, various media, content, buying and placement for advertising ** Interactive media, media that is inter ...

reports A report is a document or a statement that presents information in an organized format for a specific audience and purpose. Although summaries of reports may be delivered orally, complete reports are usually given in the form of written documen ...

as of 2023, Adani Enterprises operates seven airports, acquired during the government's initial privatization initiative. These include

Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...

Lucknow Lucknow () is the List of state and union territory capitals in India, capital and the largest city of the List of state and union territory capitals in India, Indian state of Uttar Pradesh and it is the administrative headquarters of the epon ...

Thiruvananthapuram Thiruvananthapuram ( ), also known as Trivandrum, is the Capital city, capital city of the Indian state of Kerala. As of 2011, the Thiruvananthapuram Municipal Corporation had a population of 957,730 over an area of 214.86 sq. km, making it the ...

Jaipur Jaipur (; , ) is the List of state and union territory capitals in India, capital and the List of cities and towns in Rajasthan, largest city of the north-western States and union territories of India, Indian state of Rajasthan. , the city had ...

Guwahati Guwahati () the largest city of the Indian state of Assam, and also the largest metropolis in northeastern India. Dispur, the capital of Assam, is in the circuit city region located within Guwahati and is the seat of the Government of Assam. Th ...

, and

Mangaluru Mangaluru (), formerly called Mangalore ( ), is a major industrial port city in the Indian state of Karnataka and on the west coast of India. It is located between the Laccadive Sea and the Western Ghats about west of Bengaluru, the stat ...

Adani Mining

Adani Enterprises operates its mines in India, Indonesia and Australia, and supplies coal to Bangladesh, China, and some countries in Southeast Asia. It has a coal mine in

Bunyu Bunyu is an oil-rich Indonesian island situated to the north of Tarakan City, in the eastern Celebes Sea off the north-eastern coast of Borneo in North Kalimantan province. The administrative area comprising Bunyu District is composed of eleven ...

North Kalimantan North Kalimantan () is a Provinces of Indonesia, province of Indonesia. It is located on the northernmost of Kalimantan, the Indonesian part of the island of Borneo. North Kalimantan borders the Malaysian states of Sabah to the north and Sarawa ...

, Indonesia, which produced 3.9 Mt of coal in 201617. The Group has made the largest investment by an Indian company in Australia at the controversial

Carmichael coal mine The Carmichael coal mine is a coal mine in Queensland, Australia, owned by the Adani Group's Australian subsidiary Bravus Mining & Resources. It was approved by the government in 2014 and has been operational since December 2021. The mine was i ...

in the

Galilee Basin The Galilee Basin is a large inland geological basin in the western Queensland region of Australia. The Galilee Basin is part of a larger Carboniferous to Mid-Triassic basin system that contains the Cooper Basin, situated towards the south-west ...

Queensland Queensland ( , commonly abbreviated as Qld) is a States and territories of Australia, state in northeastern Australia, and is the second-largest and third-most populous state in Australia. It is bordered by the Northern Territory, South Austr ...

. Development of this mine is the subject of a court challenge to the

Australian Government The Australian Government, also known as the Commonwealth Government or simply as the federal government, is the national executive government of Australia, a federal parliamentary constitutional monarchy. The executive consists of the pr ...

over its lack of adherence to environmental legislation. In 2020, Adani Australia, the controversial Australian mining arm of Adani Enterprises was rebranded as Bravus Mining & Resources. The new subsidiary is responsible for developing

Central Queensland Central Queensland is an imprecisely-defined geographical division of Queensland ( a state in Australia) that centres on the eastern coast, around the Tropic of Capricorn. Its major regional centre is Rockhampton. The region extends from the Cap ...

Adani Road Transport

Adani Road Transport undertakes construction, operations and maintenance of roads, highways, expressways and tollways. The company has

NHAI The National Highways Authority of India or NHAI () is an autonomous agency of the Government of India, set up in 1995 (Act 1988) and is responsible for management of a road network of over 50,000 km of National highways out of 1,32,499 ...

projects in the states of Andhra Pradesh, Chhattisgarh, Gujarat, Kerala, Madhya Pradesh, Maharashtra, Odisha, Telangana, and West Bengal. Adani road Transport bids the highest for the 124-km stretch of National Highway 38 with Rupees 1692 crores. In December 2021, it won the contract to build a 464 km stretch of the 594 km-long

Ganga Expressway Ganga Expressway is an under-construction, long, 6-lane (expandable to 8 lanes), greenfield expressway along the Ganges River connecting eastern and western boundaries of Uttar Pradesh state in India. It constitutes two phases, almost-complete ...

in Uttar Pradesh.

Adani Shipping

Incorporated in 2006, Adani Shipping is a

Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...

-based step-down subsidiary which operates a fleet of

bulk carrier A bulk carrier or bulker is a merchant ship specially naval architecture, designed to transport unpackaged bulk cargo—such as Grain trade, grain, coal, ore, steel coils, and cement—in its cargo holds. Since the first specialized bulk carrie ...

s. In 2011, it began transporting coal from the group's mines in Indonesia and Australia.

Adani Rail and Metro Transport

Established in October 2019 as a full-owned subsidiary of AEL, Adani Metro Transport Limited undertakes metro rail projects. Adani group also have their private railway Network.

Adani Solar

Adani Solar is the

solar PV Solar power, also known as solar electricity, is the conversion of energy from sunlight into electricity, either directly using photovoltaics (PV) or indirectly using concentrated solar power. Solar panels use the photovoltaic effect to conve ...

manufacturing and EPC subsidiary of Adani Enterprises. As of November 2020, it is the largest integrated solar cell and module manufacturer in India.

Adani New Industries

Adani New Industries was incorporated in January 2022 as a wholly-owned new energy subsidiary of Adani Enterprises. It undertakes

projects such as

low-carbon power Low-carbon electricity or low-carbon power is electricity produced with substantially lower greenhouse gas emissions over the entire lifecycle than power generation using fossil fuels. The energy transition to low-carbon power is one of the m ...

generation, as well as the manufacture of

hydrogen fuel cell A fuel cell is an electrochemical cell that converts the chemical energy of a fuel (often hydrogen) and an oxidizing agent (often oxygen) into electricity through a pair of redox reactions. Fuel cells are different from most batteries in requ ...

wind turbine A wind turbine is a device that wind power, converts the kinetic energy of wind into electrical energy. , hundreds of thousands of list of most powerful wind turbines, large turbines, in installations known as wind farms, were generating over ...

solar module A solar panel is a device that converts sunlight into electricity by using photovoltaic (PV) cells. PV cells are made of materials that produce excited electrons when exposed to light. These electrons flow through a circuit and produce direct ...

s and batteries.

Adani Water

It was founded as a subsidiary in December 2018, with a focus on water infrastructure construction. It is currently involved in wastewater treatment, recycle and reuse projects at

Prayagraj Prayagraj (, ; ISO 15919, ISO: ), formerly and colloquially known as Allahabad, is a metropolis in the Indian state of Uttar Pradesh.The other five cities were: Agra, Kanpur, Kanpur (Cawnpore), Lucknow, Meerut, and Varanasi, Varanasi (Benar ...

under the National Mission for Clean Ganga Framework.

Adani Welspun Exploration

Adani Welspun Exploration is a 65:35 joint venture between

(through Adani Enterprises) and Welspun Enterprises. It is involved in

oil and gas exploration Hydrocarbon exploration (or oil and gas exploration) is the search by petroleum geologists and geophysicists for hydrocarbon deposits, particularly petroleum and natural gas, in the Earth's crust using petroleum geology. Exploration methods ...

Kutch Copper

Kutch Copper is a wholly-owned subsidiary of Adani Enterprises which was incorporated in March 2021 to manufacture copper

cathode A cathode is the electrode from which a conventional current leaves a polarized electrical device such as a lead-acid battery. This definition can be recalled by using the mnemonic ''CCD'' for ''Cathode Current Departs''. Conventional curren ...

s, copper rods and other copper products. In 2022, the company was reported to be setting up a

greenfield Greenfield or Greenfields may refer to: Places Canada * Greenfield, Edmonton, Alberta, a neighbourhood * Greenfield, Colchester County, Nova Scotia * Greenfield, Hants County, Nova Scotia * Greenfield, Kings County, Nova Scotia * Greenfield, Q ...

copper refinery complex at

Mundra Mundra is a census town and a headquarter of Mundra Taluka of Kutch district, Kachchh district in the Indian States and territories of India, state of Gujarat. Founded in about the 1640s, the town was an important mercantile centre and port thr ...

with 1 million tonnes per annum (MTPA) capacity, expected to commence production in 2024.

Adani Agri Fresh

Adani Agri Fresh is involved in procurement, packaging, logistics and marketing of apples produced by farmers in

Himachal Pradesh Himachal Pradesh (; Sanskrit: ''himācāl prādes;'' "Snow-laden Mountain Province") is a States and union territories of India, state in the northern part of India. Situated in the Western Himalayas, it is one of the thirteen Indian Himalayan ...

, as well as and other Indian fruits, under ''Farm-Pik'' brand. It also imports fruits from other countries and sells them in the Indian market.

Adani Wilmar

Incorporated in 1999,

Adani Wilmar AWL Agri Business, formerly Adani Wilmar, is an Indian multinational food and beverage conglomerate based in Ahmedabad. The company was founded in 1999 as a joint venture between Adani Enterprises and Wilmar International. It is India's largest p ...

is a

food processing Food processing is the transformation of agricultural products into food, or of one form of food into other forms. Food processing takes many forms, from grinding grain into raw flour, home cooking, and complex industrial methods used in the mak ...

company and a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

between Adani Enterprises and

Wilmar International Wilmar International Limited (); is a Singaporean food processing and investment holding company with more than 300 subsidiary companies. Founded in 1991, it is one of Asia's leading agribusiness groups alongside the COFCO Group. It ranks amongs ...

. In November 2000, Adani Wilmar launched its flagship brand "Fortune" under which it produces and sells

edible oil Cooking oil (also known as edible oil) is a plant or animal liquid fat used in frying, baking, and other types of cooking. Oil allows higher cooking temperatures than water, making cooking faster and more flavorful, while likewise distributing he ...

s including

sunflower oil Sunflower oil is the non-volatile oil pressed from the seeds of the sunflower (''Helianthus annuus''). Sunflower oil is commonly used in food as a frying oil, and in cosmetic formulations as an emollient. Sunflower oil is primarily compos ...

palm oil Palm oil is an edible vegetable oil derived from the mesocarp (reddish pulp) of the fruit of oil palms. The oil is used in food manufacturing, in beauty products, and as biofuel. Palm oil accounted for about 36% of global oils produced from o ...

soybean oil Soybean oil (British English: soyabean oil) is a vegetable oil extracted from soybean (''Glycine max'') legumes. It is one of the most widely consumed cooking oils and the second most consumed vegetable oil. As a drying oil, processed soybean oil ...

mustard oil Mustard oil can mean either the pressed oil used for cooking or a pungent essential oil, also known as volatile oil, of the mustard plant. The essential oil results from grinding mustard seed, mixing the grounds with water, and isolating the resu ...

rice bran oil Rice bran oil is the oil extracted from the hard outer brown layer of rice called bran. It is known for its high smoke point of and mild flavor, making it suitable for high-temperature cooking methods such as stir frying and deep frying. It i ...

cottonseed oil Cottonseed oil is cooking oil from the seeds of cotton plants of various species, mainly ''Gossypium hirsutum'' and ''Gossypium herbaceum'', that are grown for cotton fiber, animal feed, and oil. cottonseed, Cotton seed has a similar structure to ...

groundnut oil Peanut oil, also known as groundnut oil or arachis oil, is a vegetable oil derived from peanuts. The oil usually has a mild or neutral flavor but, if made with roasted peanuts, has a stronger peanut flavor and aroma. It is often used in Americ ...

and

vanaspati Vanaspati (Devanagari: ) is the Sanskrit word that now refers to the entire plant kingdom. However, according to '' Charaka Samhitā'' and '' Sushruta Samhita'' medical texts and the '' Vaisesikas'' school of philosophy, "vanaspati" is limited ...

. Apart from edible oils, it sells flour, rice, pulses, sugar, soya nuggets and instant food mixes. The company makes

personal care Personal care products are consumer products which are applied on various external parts of the body such as skin, hair, nails, lips, external genital and anal areas, as well as teeth and mucous membrane of the oral cavity, in order to make ...

products like soaps, handwash and hand sanitizers under "Alife" brand. It makes industrial use products comprising

oleochemicals Oleochemistry is the study of vegetable oils and animal oils and fats, and oleochemicals derived from these fats and oils. The resulting product can be called oleochemicals (from Latin: oleum "olive oil"). The major product of this industry is soap ...

castor oil Castor oil is a vegetable oil pressed from castor beans, the seeds of the plant ''Ricinus communis''. The seeds are 40 to 60 percent oil. It is a colourless or pale yellow liquid with a distinct taste and odor. Its boiling point is and its den ...

and

lecithin Lecithin ( ; from the Ancient Greek "yolk") is a generic term to designate any group of yellow-brownish fatty substances occurring in animal and plant tissues which are amphiphilic – they attract both water and fatty substances (and so ar ...

. The company went public in January 2022 with an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

, after which Adani Enterprises and Wilmar International continued to hold a combined 88% stake in Adani Wilmar. On December 30, 2024, Adani Enterprises announced plans to sell its entire 44% stake in Adani Wilmar in a $2 billion deal. The transaction includes Wilmar International acquiring a 31% stake, with the remaining 13% to be sold in the open market to meet regulatory norms.

AdaniConneX

AdaniConneX was launched in 2021 as a 50:50 joint venture with EdgeConneX to develop a network of hyperscale

s in India, starting with

Chennai Chennai, also known as Madras (List of renamed places in India#Tamil Nadu, its official name until 1996), is the capital city, capital and List of cities in Tamil Nadu by population, largest city of Tamil Nadu, the southernmost states and ...

Navi Mumbai Navi Mumbai (; also known as New Bombay, its official name until 1995) is a large city next to Mumbai, located in the Konkan division of the western Indian state of Maharashtra, on the mainland of India. Navi Mumbai is situated in Thane distr ...

Noida Noida (), short for New Okhla Industrial Development Authority (ISO: ), is a city located in Gautam Buddha Nagar district of the Indian state of Uttar Pradesh. As per provisional reports of Census of India, the population of Noida in 2011 was ...

Visakhapatnam Visakhapatnam (; List of renamed places in India, formerly known as Vizagapatam, and also referred to as Vizag, Visakha, and Waltair) is the largest and most populous metropolitan city in the States and union territories of India, Indian stat ...

and

. In 2022, AdaniConneX announced that it was building a hyperscale data center in

Kolkata Kolkata, also known as Calcutta ( its official name until 2001), is the capital and largest city of the Indian state of West Bengal. It lies on the eastern bank of the Hooghly River, west of the border with Bangladesh. It is the primary ...

's Bengal Silicon Valley tech hub.

Adani Digital Labs

Adani Digital Labs was incorporated in September 2021 as a wholly-owned subsidiary of Adani Enterprises, to build a digital platform for the consumers of Adani Group's

B2C Direct-to-consumer (DTC or D2C) or business-to-consumer (B2C) is the business model of selling products directly to customers and thereby bypassing any third-party retailers, wholesalers, or middlemen. Direct-to-consumer sales are usually transa ...

businesses. In December 2022, the company made the

alpha release The software release life cycle is the process of developing, testing, and distributing a software product (e.g., an operating system). It typically consists of several stages, such as pre-alpha, alpha, beta, and release candidate, before the fi ...

of the

mobile app A mobile application or app is a computer program or software application designed to run on a mobile device such as a smartphone, phone, tablet computer, tablet, or smartwatch, watch. Mobile applications often stand in contrast to desktop appli ...

, named "Adani One", with the integration of the group's airport vertical. In 2023, Adani Digital Labs acquired a 100% stake in Trainman, an online train ticket booking platform.

AMG Media Networks

AMG Media Networks was incorporated in April 2022 as a wholly-owned media and publishing subsidiary of Adani Enterprises. In May 2022, AMG Media Networks announced the acquisition of a 49% stake in Quintillion Business Media Ltd, which operates BQ Prime, for an undisclosed amount. Adani Enterprises had previously acquired an unspecified minority stake in the company in March 2022. In August 2022, AMG Media Networks announced the acquisition of a 29.18% stake in

NDTV New Delhi Television Ltd is an Indian news media company focusing on broadcast and digital news publication. It was founded in 1984 by economist Prannoy Roy and journalist Radhika Roy. NDTV began as a production house for news segments, ...

through its subsidiary. In December 2022, it acquired an additional 8.27% stake via a

tender offer In corporate finance, a tender offer is a type of public takeover bid. The tender offer is a public, open offer or invitation (usually announced in a newspaper advertisement) by a prospective acquirer to all stockholders of a publicly traded corp ...

and 27.26% stake from the promoters

Radhika Roy Radhika Roy (''née'' Das; born 7 May 1949) is an Indian journalist who is the founder and former executive co-chairperson of NDTV. She was the managing director of the company between 1998 and 2011. The company started as a news production hous ...

and

Prannoy Roy Prannoy Lal Roy (; born 15 October 1949) is an Indian economist, chartered accountant, psephologist, journalist and author. He is the former executive co-chairperson of NDTV and one of its co-founders, along with his wife Radhika Roy. Early ...

, to raise its total shareholding in NDTV to over 64%. In November 2023, AMG Media Networks raised its stake in BQ Prime to 100% and rebranded BQ Prime as

NDTV Profit NDTV Profit is an Indian business and financial news television channel by NDTV. In mid-2020, NDTV re-launched NDTV Profit with live market news, which caused the shutdown of NDTV Prime. It has many journalists covering the Bombay Stock Exch ...

, which had been shut down since June 2018. In December 2023, AMG Media Networks acquired a 50.50% controlling stake in

Indo-Asian News Service Indo-Asian News Service or IANS is a private Indian news agency. It was founded in 1986 by Indian American publisher Gopal Raju as the "India Abroad News Service" and later renamed. In December 2023, Adani group, known for its close ties with t ...

(IANS).

Former subsidiaries

Adani Ports & SEZ Adani Ports and Special Economic Zone Limited (APSEZ) is an Indian multinational port operator and logistics company, part of Adani Group. APSEZ is India's largest private port operator with a network of 12 ports and terminals, including Indi ...

Adani Power Adani Power Limited is an Indian multinational power and energy company, subsidiary of Adani Group and based in Khodiyar in Ahmedabad, India. It is a private thermal power producer, with a capacity of 15,250 MW and operates a mega solar plan ...

and

Adani Transmission Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an electric power transmission and distribution company headquartered in Ahmedabad. As of April 2025, the company operates a cumulative transmission network of 26,696 circ ...

were demerged from Adani Enterprises in 2015.

Adani Green Energy Adani Green Energy Limited (AGEL) is an Indian renewable energy company, headquartered in Ahmedabad, India. It is majority-owned by the Indian conglomerate Adani Group, whuch is a major international coal-mining enterprise, and minority-owned b ...

and Adani Gas were demerged in 2018. Adani Cementation or Adani Cement Industries Limited (ACIL) was incorporated in June 2021 as a subsidiary of Adani Enterprises. It was reported in June 2021 that the Adani Group planned to set up a cement plant in

Maharashtra Maharashtra () is a state in the western peninsular region of India occupying a substantial portion of the Deccan Plateau. It is bordered by the Arabian Sea to the west, the Indian states of Karnataka and Goa to the south, Telangana to th ...

which will have an initial capacity of 5-Million tonnes per annum with an approximate investment of ₹900-1,000 crore. In 2024, Adani Cementation was merged with

Ambuja Cements Ambuja Cements Limited, formerly known as Gujarat Ambuja Cement Limited (GACL), is an Indian cement producing company, which markets cement and clinker for both domestic and export markets. History The company had entered into a strategic part ...

in a share swap deal in which Adani Enterprises obtained 87

lakh A lakh (; abbreviated L; sometimes written lac) is a unit in the Indian numbering system equal to one hundred thousand (100,000; scientific notation: 105). In the Indian 2, 2, 3 convention of digit grouping, it is written as 1,00,000. F ...

shares of Ambuja Cements.

Investments

In 2021, Adani Enterprises acquired a 20% stake in the online travel company

Cleartrip Cleartrip (previously known as Cleartrip Travel Services Private Limited) is a global online travel agency, headquartered in Mumbai. History Cleartrip was founded in 2006 as a hotels and air aggregator by Stuart Crighton, Hrush Bhatt, and Ma ...

. Adani Enterprises acquired a 49% stake in Maharashtra Border Check Post Network, a subsidiary of the publicly listed Sadbhav Infrastructure Projects.

Controversies

Opposition to Carmichael mine

The

project has faced environmental protests across Australia since the mine was proposed in 2010. The pressure from environmental groups forced international banks and financial institutions to not lend to the project, and resulted in a long delay in securing environmental clearances. In 2018, Adani Group scaled down the mine's capacity and self-financed the project. An

indigenous group There is no generally accepted definition of Indigenous peoples, although in the 21st century the focus has been on self-identification, cultural difference from other groups in a state, a special relationship with their traditional territ ...

of the region went to court seeking invalidation of the

indigenous land use agreement Native title is the set of rights, recognised by Australian law, held by Aboriginal and Torres Strait Islander groups or individuals to land that derive from their maintenance of their traditional laws and customs. These Aboriginal title right ...

which was approved by its representatives, but the appeal was dismissed by the Federal Court in 2019. The mine made its first coal shipment in December 2021.

Allegations of stock manipulation

On 24 January 2023,

Hindenburg Research Hindenburg Research LLC was a U.S. investment research firm with a focus on activist short-selling founded by Nathan Anderson in 2017. Named after the 1937 ''Hindenburg'' disaster, which they characterize as a human-made avoidable disaster, the ...

published the findings of a two-year investigation claiming that Adani had engaged in

market manipulation In economics and finance, market manipulation occurs when someone intentionally alters the supply or demand of a security to influence its price. This can involve spreading misleading information, executing misleading trades, or manipulating ...

and accounting malpractices. Hindenburg also disclosed that it was holding short positions on Adani Group companies. Bonds and shares of companies associated with Adani experienced a decline in value after the accusations. Adani denied the fraud allegations as unfounded and ill-intentioned. On 26 January 2023, Adani Group expressed its intention of taking legal action against Hindenburg.

References

External links

* {{Adani Group Holding companies of India Holding companies established in 1993 Indian companies established in 1993 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange