Adani Enterprises is searching for new mergers and acquisitions Figurehead.

The wealthiest man in Asia, Gautam Adani, is looking for a new leader for his mergers and acquisitions strategy. According to people aware of the matter, the incumbent will soon take a new role inside the organization.RISE OF ADANI ENTERPRISES

Gautam Adani is quickly becoming one of Asia’s dealmakers. In addition to data centres, airports, digital services, media, and health care, the Indian billionaire has been growing in terms of his empire beyond coal, where he earned his fortune. And According to the Forbes List, Adani, 60, surpassed Bernard Arnault of France last month and became the third-richest person in the world, just behind Elon Musk and Jeff Bezos. This is the first time an Asian has entered the top three of the index; fellow Indian Mukesh Ambani and Chinese national Jack Ma had never achieved so.


Gautam Adani may soon become second richest person in the world

According to Forbes, as on September 14, 2022, he has a net worth of $151.4 billion, which makes him the third-richest person in the world and the wealthiest person in India and Asia.

Adani Group is, at present, the second-largest player in the cement industry because of the acquisition of Holcim’s assets, Ambuja Cement and ACC. In addition, Adani Group has grown at a blistering speed through acquisitions. Since 2014, it has gained over 30 acquisitions in many industries and enterprises, spanning ports, airports, power, and others. It also has business interests in data centers, the generation of solar energy and edible oils, the operation of airports, and the construction of roads, rails, and other infrastructure.


See also  With GST collections being surged at record high numbers, can we say the economy is on road to recovery?



An official proclamation that concerns Vinod Bahety’s transition to a new business vertical, which has been heading Adani Enterprises Ltd.’s M&A activity, could take place as early as this month.

According to those familiar with the matter, Asia’s richest man Gautam Adani is looking for a new executive to oversee his mergers and acquisitions approach as the current leader will soon lead a new responsibility inside the firm.

As the new post is vacant, The Adani Group seeks out potential candidates to fill the space.  In addition, the group will recruit a new head of the merger and acquisitions department and give updates about it.



The business tycoon recently lodged a hostile takeover of New Delhi Television Ltd. Adani Group gained a 29.2% stake in India’s news media firm New Delhi Television Ltd. or NDTV. It has also offered to buy another 26% from the open market because the conglomerate seeks to expand its approach in India’s media sector.


Adani Enterprises To Acquire NDTV, Launch Open Offer

According to the reports, India saw a record $82 billion in M&A agreements in the second quarter of 2022. Of this. Around $10.5 billion was contributed by Adani, who acquired Holcim India’s stakes in Ambuja Cements and ACC.

Adani Group recently acquired the controlling ownership of Mumbai Airports and is rebuilding Navi Mumbai Airport. Adani Group serves 100 million passengers annually and operates airports in six locations, for which it gained concessions in 2019. Recently, it raised $250 million in this sector.

 In a $10.5 billion transaction, the entrepreneur agreed to gain Holcim AG’s cement business in India earlier this year. Furthermore, he recently announced a hostile takeover of New Delhi Television Ltd. 

See also  Startups Weekly: One Medical IPO raises unicorn hopes

Six key details of Adani's acquisition of Ambuja, ACC from Holcim: A fact sheet on India's largest cement deal | The Financial Express

 He has also guaranteed to invest $70 billion in green energy.


With over 30 acquisitions undertaken since 2014, Adani Group has grown steadily over the past ten years, building an empire around many industries. As a result, he has entrenched himself as a dominant player in most of these industries.

With a 24% market share spanning seven maritime states, it is India’s leading commercial port operator. The substantial list of recent port purchases includes Abbott in Australia and Gangavaram, Dhamra, and Krishnapatnam, all of which have a pan-Indian presence worldwide.

One of India’s leading multinational conglomerates, Adani Group is the country’s foremost integrated operator in the infrastructure and energy sectors.

The company has been establishing itself as a prominent player on the global stage in recent decades, with operations spanning key sectors like agribusiness, logistics, energy, and natural resources. Since its formation, the company has focused on satisfying its clients’ different needs, providing exceptional value, and promoting national growth.

Earlier, Adani enterprises have been over the headlines for the arbitration case filed by Reliance Infrastructures.


edited and proofread by nikita sharma


Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker