GAUTAM ADANI
Mr. Gautam Adani is one such shining star in the sky of the Indian economy.
Adani, as a child, exhibited entrepreneurial traits. He dropped out of college after the second year to start a career. He was one of the seven children of his parents, who were economically weak. His father was a textile merchant.
Adani moved to Mumbai to start working as a diamond sorter. His first job lasted for 2-3 years, but by then, he had learned the nitty-gritty of the business and how it changes with the market. His knowledge of the trade helped him set up a diamond brokerage. It was the first business that he tried his hands at. The next break of his life came when his brother, Mahasukh Adani, called him back to Ahmedabad to work at the plastic factory he had started. Gautam joined the firm, and soon he was importing polyvinyl chloride or PVC to India. The event marked his entry into the global trade arena.
Diversification Is The Key
From the beginning, he focused on diversifying his business as the market changed. Starting with exporting agricultural and power products, he diversified his business to other segments like power generation and distribution, oil and gas exploration, logistics, port development. He was quick to identify business opportunities when India’s economic philosophy changed.
Focus On Long Term
His strong business sense made him realise the importance of understanding the demand of fellow industrialists and competitors for long-term prospects and profit. And his learnings eventually helped him establish a monopoly.
Adani was ranked the third most remarkable Individual in India by India Today in 2019. His life is a story of how focus and determination can help a man change his humble beginning to become one of the most successful industrialists of his generation.
Sometimes reading the stories of successful personalities give us the direction in life we sought.
Adani had remarkable negotiation and convincing skills.
“He went to the railway minister (Nitish Kumar) and told him how a railway line connecting the port to the main railway network would be of immense national importance. He suggested that having a policy allowing all ports to link to the railway network would be in the interests of the country, and would benefit all ports. The minister agreed. A port-rail linkage policy was crafted, which allowed ports to link their terminals to the national railway grid. Adani thus helped the government formulate the first national port-rail linkage policy. It allowed port operators to run their own railway line from the terminals to the nearest railhead.”
He works with a mantra
In an interview with the press people, he said that he works with a mantra that steered his way towards success. Throughout his entire life, he focused on trying rather than getting obsessed with the results.
GAUTAM ADANI
By TradeFlo
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