Adani Enterprises announces establishment of two new subsidiaries

While Adani Disruptive Ventures aims to partner with businesses looking to create solutions through disruptive technology, Alwar Alluvial Resources will be engaged in minerals processing

In a note shared with the stock exchanges, Adani Enterprises, the flagship company of the Adani Group, announced the creation of Adani Disruptive Ventures (ADVL), which will be a wholly-owned subsidiary, and Alwar Alluvial Resources (AARL).

ADVL will start conducting business soon. ADVL's website indicates that its goal is to collaborate with businesses and entrepreneurs that are looking to create solutions through disruptive technology, and help them scale up their ventures.

The mission statement of ADVL says, “As ‘your partner for growth’, ADV aims to turn great ideas into great outcomes by leveraging its existing platform to enable companies to