Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. 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. More than 60 percent of the Adani Group's revenue is derived from coal-related businesses. At its peak, Adani was the second largest Indian conglomerate, after Reliance Industries. It lost more than $104 billion in value after fraud and market manipulation allegations by short-seller firm Hindenburg Research. The Adani Group has also attracted other controversies due to reports of stock manipulation, accounting irregularities, cronyism, tax evasion, environmental damage, and suing journalists. More information...
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