The past 12 months have been of the rise of the Adani group. Once a medium-sized group based out of Ahmedabad, Adani’s companies now have the third-biggest market capitalisation among family-owned businesses in India after Tatas and Reliance Industries. This has made the group owners and promoters — the Gautam Adani family — the second wealthiest in business in India, ahead of older and well-established industrial families.
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First Published: Fri, April 30 2021. 06:10 IST