Adani Enterprises PNG Transparent Images

Submitted by on Apr 19, 2023

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Adani Enterprises Limited is a publicly traded Indian multinational holding company that is part of the Adani Group. It is headquartered in Ahmedabad and principally engaged in coal and iron ore mining and trading. It also has corporate holdings in airport operations, edible oils, road, rail, and water infrastructure, data centers, and solar production through its many subsidiaries.

The company was established in 1993 as Adani Exports Limited. It primarily handles the group’s integrated resource management, power trading, and natural resources activities on its own. Its primary objective is to serve as an internal incubator for Adani Group’s new enterprises until they are self-sustaining.

Adani Enterprises is involved in edible oils and staple foods, airport operations, solar PV manufacturing, road infrastructure, water infrastructure, data centers, agri-output storage and distribution, defence and aerospace, bunkering, shipping, rail and metro infrastructure, oil exploration, petrochemicals, mass media, green hydrogen, cement, aluminum, copper, and online services through its various subsidiaries.


Adani Enterprises purchased a 20% stake in Cleartrip, an online travel provider, in 2021. Adani Enterprises purchased a 49% share in Maharashtra Border Check Post Network, a subsidiary of Sadbhav Infrastructure Projects, which is publicly traded.

Hindenburg Research revealed the findings of a two-year investigation on January 24, 2023, alleging that Adani engaged in market manipulation and accounting malpractices. Hindenburg also revealed that it had short holdings in Adani Group entities. Bonds and shares in companies associated with Adani fell in value following the allegations. Adani dismissed the claims of fraud as false and ill-intentioned. Adani Group announced its intention to take legal action against Hindenburg on January 26, 2023.

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