Adani Group

What Adani Group does

Adani Group, founded in 1988 by Gautam Adani and headquartered in Ahmedabad, is one of India's largest privately-held integrated infrastructure conglomerates, operating across ports and logistics, airports, power generation, transmission and distribution, renewable energy, city gas distribution, cement, mining, defense and aerospace, data centers, real estate, and media. The portfolio is anchored by majority or wholly-owned subsidiaries including Adani Ports & Special Economic Zone (India's largest private port operator with 15 domestic and 4 international ports handling 27% of India's port volumes), Adani Airports (9 airports including Mumbai CSIA and the recently launched Navi Mumbai International Airport), Adani Power (17.55 GW operating capacity expanding to 30.67 GW by 2030), Adani Green Energy (over 15,000 MW renewable capacity), Adani Energy Solutions (Rs 72,000 crore transmission order book), Ambuja Cements and ACC (over 100 MTPA combined capacity post-Holcim acquisition), Adani Total Gas, and Adani ConneX (data center platform).

The underlying technology platform combines large-scale physical infrastructure with digital and AI-enabled systems. APSEZ operates the Kaleris N4 Terminal Operating System across 15 container terminals to optimize yard utilization, vessel turnaround, and resource planning with documented productivity improvements of up to 20% for RTG cranes and 14% for terminal trucks. The Adani-Jabil joint venture is building vertically integrated AI and data center hardware manufacturing capacity for liquid-cooled racks, servers, storage, and networking systems, while the Google partnership establishes gigawatt-scale AI-ready data center operations in Visakhapatnam.

Adani's business model spans B2G (state discom power purchase agreements, port and airport concessions), enterprise direct sales (Google hyperscale lease, FedEx air cargo hub, Jabil manufacturing JV, Leonardo/Embraer/DRDO defense partnerships), and consumer-facing distribution through cement dealers across 635+ districts, CNG/PNG networks, and airport retail. FY26 consolidated revenue was Rs 2.92 lakh crore (~$35B), up 7.4% YoY, with PAT of Rs 46,376 crore (up 13.9%) and EBITDA of Rs 94,834 crore, against capex of Rs 1.5 lakh crore representing over 30% of India's total private-sector infrastructure capex.

Name

Adani Group

Legal name

Adani Group

Website

https://adani.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Integrated Infrastructure

NAICS

Management of Companies and Enterprises (55111), Mining and Oil and Gas Field Machinery Manufacturing (33313)

SIC

Water Transportation (4400), Electrical Industrial Apparatus (3620), Aircraft Parts & Auxiliary Equipment, Nec (3728)

akta.pro primary industry

Investor-Owned Electric Distribution Utilities (IOUs) (EUADABAA)

akta.pro secondary industry

Autonomy Software, AI & Mission Management (UAS/UXV) (IMABAIAH)

Keywords

• Port operations logistics
• Airport infrastructure management
• Power generation transmission
• Cement manufacturing materials
• Data center infrastructure

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices15 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Port Operations and Logistics: Cargo handling, port services, and logistics operations across 15 domestic ports and 4 international ports. Revenue from vessel charges, cargo throughput fees, and integrated logistics services including rail, trucking, and warehousing
2. Airport Operations: Passenger and cargo airport operations across 9 airports including Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur, Guwahati, Thiruvananthapuram, Mangaluru, and Mundra. Revenue from aeronautical charges and commercial concessions
3. Power Generation and Distribution: Thermal, renewable, and nuclear power generation through Adani Power and Adani Green Energy. Power distribution through Adani Energy Solutions. Long-term power purchase agreements with state discoms and industrial consumers
4. Cement Production and Sales: Cement manufacturing through Ambuja Cements and ACC with 100+ MTPA capacity. Revenue from cement sales to construction, infrastructure, and real estate sectors
5. Data Center Services: Hyperscale AI-ready data center services with Google partnership for gigawatt-scale facility in Visakhapatnam. Revenue from colocation, managed services, and power supply to tenants
6. Transmission Infrastructure: Power transmission through Adani Energy Solutions with order book of Rs 72,000 crore. Revenue from transmission tariffs and project execution
7. Gas Distribution: City gas distribution through Adani Total Gas Solutions. Revenue from CNG, PNG domestic and industrial connections
8. Mining and Natural Resources: Copper production through Kutch Copper, mining operations in India and Australia (Carmichael coal mine). Revenue from commodity sales
9. Real Estate Development: Urban redevelopment including Dharavi project with 125,000 housing units. Revenue from commercial and residential sales

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels6 records

Core offering

Adani Group is an integrated infrastructure conglomerate that operates ports, airports, thermal and renewable power generation, power transmission and distribution, city gas distribution, cement manufacturing, copper production, defence and aerospace manufacturing, and hyperscale data centers. The group also develops real estate, runs logistics operations, and operates in media. Revenue is generated through cargo handling fees, aeronautical charges, power purchase agreements, cement and commodity sales, data center colocation, and government contracts across India and select international markets.

Product overview

Adani Group operates as a diversified infrastructure conglomerate with a platform-plus-multiple-businesses architecture. The portfolio spans energy (Adani Power, Adani Green Energy, Adani Energy Solutions, Adani Total Gas, Adani Atomic Energy), transport and logistics (Adani Ports & SEZ, Vizhinjam International Seaport, logistics operations), infrastructure (Adani Airports operating India's largest private airport network, Adani Defence & Aerospace, data centres through Adani ConneX), materials (Ambuja Cements, ACC, copper, natural resources), and consumer-facing businesses (Adani Realty, Adani Sportsline, NDTV, Adani Foundation). The ecosystem integrates physical infrastructure assets with digital capabilities including AI-powered port optimization through Kaleris, data centre operations with Google partnership, and green hydrogen initiatives. The listed holding company Adani Enterprises serves as the incubation engine for new ventures before they are spun off.

Differentiator

Problem solved

Functional benefit

Brands

• Adani Enterprises Ltd: Flagship listed company and incubation platform for new business ventures
• Adani Ports & SEZ Ltd
• Adani Power Ltd
• Adani Green Energy Ltd
• Adani Energy Solutions Ltd
• Adani Total Gas Solutions Ltd
• ACC Ltd
• Ambuja Cements Ltd
• NDTV Ltd
• Harit Amrit
• Adani Health City
• Vande Bharatam

Products and services

• Adani Ports & Special Economic Zone (APSEZ) India's largest integrated transport operator handling cargo origination through port handling, rail transport, multi-modal logistics parks, warehousing, and final delivery via road. Operates 15 ports across India's west, south, and east coasts with a diversified marine fleet of 137 vessels. Serves shipping lines including MSC, CMA CGM, and Maersk.
• Adani Green Energy India's largest renewable energy generation company by installed capacity. Includes solar, wind, and hybrid renewable projects. Commissioned the world's largest single-location battery energy storage system of 3.37 GWh. Serves state discoms and industrial consumers through long-term PPAs.
• Adani Power India's largest private sector thermal power generation company. Power supply to state discoms (Maharashtra DISCOM, MSEDCL, Bihar, UP governments) through long-term power purchase agreements. Operating capacity expanding to 30.67 GW by 2030.
• Adani Energy Solutions Power transmission and distribution company with order book of Rs 72,000 crore. Executing 6,000 MW Integrated Green Energy Corridor. Delivered 1 crore smart meters across discoms. Acquired IntelliSmart, one of India's largest smart meter players. Serves state electricity boards and industrial consumers.
• Adani Airports Operates India's largest private airport network including Mumbai CSIA, Navi Mumbai International Airport, Ahmedabad, Lucknow, Jaipur, Guwahati, Thiruvananthapuram, Mangaluru, and Mundra airports. Navi Mumbai Airport capacity of 90 million passengers. Plans to invest Rs 90,000-1 lakh crore across airports over next five years.
• Ambuja Cements India's second-largest cement company with capacity exceeding 100 MTPA across 635+ districts and 31 states. Includes 11 captive ships, 102 ready-mix concrete plants, and 22 grinding units. Net-zero targets validated by SBTi. Sold through dealer network.
• ACC Ltd

Quantifiable outcome

• 500 million tonnes cargo handling capacity
• +5 more outcomes

Named customers15 records

Segments10 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability4 records

Feature4 records

Partnerships

29 partnerships are on record, tiered core and minor.

• Jabil Inc.coreStrategic or Co-development Partner · 15 June 2026Strategic alliance to establish a vertically integrated AI and data centre infrastructure manufacturing platform in India. Combines Jabil's engineering expertise with Adani's infrastructure, green energy assets, and logistics network. Targets multi-gigawatt manufacturing capacity for AI-ready hardware including liquid-cooled racks, servers, storage, and networking systems for hyperscalers and enterprise data centres.
• Embraer (Brazil)coreStrategic or Co-development Partner · 27 January 2026Strategic partnership to establish regional jet final assembly line at Dholera, Gujarat. Supports India's Regional Transport Aircraft programme under Aatmanirbhar Bharat and UDAN regional connectivity scheme. Awaiting airline orders for activation.
• IHG Hotels & ResortsminorChannel Partner/ Reseller/ Distributor · 14 May 2025Five-hotel deal including Kimpton entering India at Adani airports. Adani airport hospitality development partnership.
• Druk Green Power Corporation (Bhutan)coreStrategic or Co-development Partner · 8 May 2025Joint development of 5,000 MW of hydropower projects in Bhutan. Strengthens regional energy cooperation and supports India's clean energy transition through imported hydropower.
• GooglecoreStrategic or Co-development Partner · 28 April 2025Binding agreement for gigawatt-scale data centre partnership in Visakhapatnam. Google committed approximately $15 billion over five years for data centre infrastructure. Forms part of Adani's 3 GW data centre platform target by 2030.
• Leonardo (Italy)coreStrategic or Co-development PartnerStrategic partnership in defence and aerospace manufacturing. Includes helicopter ecosystem development, co-design, co-development, and co-production of military equipment including naval platforms and electronic warfare systems under India's Aatmanirbhar Bharat initiative.
• KaleriscoreTechnology or IntegrationAI-augmented terminal operating system deployment across 15 APSEZ container terminals spanning 9 ports. Includes N4 TOS and Advanced Optimization solutions achieving up to 20% RTG crane productivity improvement and 14% truck productivity improvement.
• Mediterranean Shipping Company (MSC)coreChannel Partner/ Reseller/ DistributorMajor shipping line operating at Vizhinjam Port. MSC Luciana was the 1,000th vessel handled at Vizhinjam in less than two years of operations.
• MothersonminorChannel Partner/ Reseller/ DistributorPartnership for Dighi Port to handle 200,000 cars per year for automotive logistics.
• NMDC and Vale BrazilminorStrategic or Co-development PartnerMoU on iron ore supply chain development for Indian market through APSEZ ports.
• Port of Marseille FosminorStrategic or Co-development PartnerStrategic IMEC partnership to strengthen India-Europe trade connectivity.
• Oceaneering InternationalminorChannel Partner/ Reseller/ DistributorSubsea services contract for Astro Offshore's European expansion through Adani Ports marine arm.
• Air India ExpresscoreChannel Partner/ Reseller/ DistributorFirst airline to operate international flights from Navi Mumbai Airport to Abu Dhabi starting July 15, 2026.
• Star AirminorChannel Partner/ Reseller/ DistributorRegional carrier operating inaugural flights from Adani Mundra Airport connecting Mumbai, Goa, Surat, Hindon and other cities.
• IndiGocoreChannel Partner/ Reseller/ DistributorInternational flight operations from Navi Mumbai Airport; duty-free shopping partnership through BluChips programme.
• Akasa AirminorChannel Partner/ Reseller/ DistributorDomestic flight services from Navi Mumbai Airport connecting to Noida International Airport.
• FedExminorChannel Partner/ Reseller/ DistributorFully automated air cargo hub development at Navi Mumbai International Airport.
• BlinkitminorChannel Partner/ Reseller/ DistributorLaunched India's first in-terminal quick commerce service at Mumbai Airport for rapid delivery.
• TotalEnergiescoreStrategic or Co-development PartnerStrategic joint venture for green hydrogen ecosystem development; deepening partnership across gas distribution, renewables, and e-mobility.
• Mayo ClinicminorStrategic or Co-development PartnerPartnership to establish affordable world-class healthcare facilities in India through Adani Health Cities.
• DRDOcoreStrategic or Co-development PartnerCo-development of India's vehicle-mounted counter-drone system unveiled at Aero India 2025.
• Elbit Systems (Israel)coreStrategic or Co-development PartnerIndia's first private UAV manufacturing facility at Hyderabad; counter-drone and defence electronics manufacturing.
• Sparton (USA)minorStrategic or Co-development PartnerStrategic partnership to indigenise anti-submarine warfare solutions (sonobuoys) for Indian Navy.
• Ballard (Canada)minorStrategic or Co-development PartnerMoU for hydrogen fuel cell technology development in India.
• POSCO (South Korea)minorStrategic or Co-development PartnerMoU for integrated steel mill development in India.
• Caravel Minerals (Australia)minorStrategic or Co-development PartnerStrategic MoU to fast-track major Australian copper project through Kutch Copper.
• LeilacminorStrategic or Co-development PartnerPartnership to develop commercial-scale low-carbon cement technology at Ambuja Cements.
• Coolbrook (Finland)minorStrategic or Co-development PartnerDeployment of world's first commercial RotoDynamic Heater for cement decarbonisation.
• UzbekhydroenergominorStrategic or Co-development PartnerJoint working group for hydropower development in Uzbekistan.

Scale indicators21 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• DP World: UAE-based global port operator handling approximately 10% of global container traffic. Operates a comparable end-to-end marine and logistics platform and competes for transshipment volumes at Vizhinjam and other Indian ports.
• Hindustan Petroleum Corporation: Indian public-sector oil marketing and refining company with overlapping downstream, gas distribution (through HPCL's stake in MGL), and emerging green hydrogen initiatives. Comparable scale in Indian energy infrastructure and fuels retail.
• JSW Group: Indian conglomerate spanning steel, cement (through recent acquisitions), energy, infrastructure, and sports. Directly comparable to Adani's materials and energy verticals, and a competitor for Indian infrastructure capex allocation.
• ICTSI (International Container Terminal Services Inc.): Philippines-headquartered global port operator with terminal concessions across the Americas, Asia, Africa, and Europe. Provides comparability on emerging-market terminal operations and global port consolidation strategy.
• Reliance Industries Limited: India's largest listed company by market cap, spanning oil-to-chemicals refining, Jio digital services, and organized retail. Comparable in scale and conglomerate structure, with overlapping energy exposure through KG-D6 and Jio-bp partnerships in mobility and renewables.
• Tata Group: India's other flagship diversified conglomerate operating across ports, power, steel, automotive, IT services, and consumer businesses. Tata Power and Tata Steel provide direct comparability to Adani's energy and materials verticals, while Tata Motors parallels Adani's emerging aerospace/defense play.
• GMR Airports Infrastructure: Indian airport operator running Delhi, Hyderabad, Goa, and other major airports. Directly comparable to Adani Airports' nine-airport network and competes with Adani for future airport concession bids under PPP framework.
• PSA International: Singapore-headquartered global port operator and one of the world's largest container terminal operators. Provides direct comparability on terminal operating efficiency benchmarks and competes for global shipping line partnerships referenced in Adani's PSC and MSC agreements.
• Vedanta Limited: Indian natural resources conglomerate with operations across aluminum, zinc, copper, iron ore, oil & gas, and power. Comparable to Adani's Kutch Copper and mining operations and overlapping energy exposure through Vedanta's Talwandi Sabo power plant.

Broad incumbents

• NextEra Energy: World's largest renewable energy utility by market cap, operating Florida Power & Light and NextEra Energy Resources. Comparable to Adani Green Energy's installed renewable capacity and battery storage scale, though operating in a mature US regulatory environment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/adanionline
• YouTubeyoutube.com/user/AdaniOnline
• Facebookfacebook.com/AdaniOnline
• LinkedInlinkedin.com/company/adani-group
• Instagraminstagram.com/adanionline

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries28 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments6 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Adani Group