Early Life
Vinod Shantilal Adani was born in 1949 in Gujarat, India, into a family involved in commodity trading. He is the elder brother of Gautam Adani. Vinod began his career in the textile industry in Mumbai in 1976, establishing a power loom business.
Rise to Success
In 1989, Vinod Adani moved to Singapore to trade commodities. Later, in 1994, he relocated to Dubai, where he established a trading company and a network of overseas shell companies, which were disclosed in the Panama Papers. His business acumen led to the expansion of the Adani Group into various sectors, including ports, logistics, energy, and real estate. He is credited with transforming the Adani Group into a global conglomerate.
Key Business Strategies
Vinod Adani's main source of income comes from infrastructure and commodities. He has been involved in significant financial moves, including leading the $10.5 billion acquisition of Holcim's Indian assets in 2022, making the Adani Group India's second-largest cement producer. Vinod Adani manages trading businesses in Dubai, Singapore and Jakarta.
Philanthropy
Vinod Adani is known for his philanthropic activities. He has made significant contributions to various social causes. Vinod and his wife, Ranjanben Adani, are known for their philanthropic contributions, particularly within the Jain community.