Who Owns Adani Green Energy?
Adani Green Energy is owned by Adani Group, an Indian multinational conglomerate. Adani Green Energy is a publicly traded subsidiary of Adani Group, operating as a wholly-owned division. The company is headquartered in Ahmedabad, India.
Parent Company
Adani Group
Founded
2015
Status
Publicly Traded
Headquarters
Ahmedabad, India
Who Owns Adani Green Energy?
- Parent Company: Adani Group
- Ownership Type: Wholly owned
- Company Type: Privately Held
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Adani Green Energy | Adani Group | Wholly owned |
History of Adani Green Energy
- Founded: 2015
- Founders: Adani Group (internal development)
Adani Green Energy was established in 2015 as part of Adani Group's strategic shift toward renewable energy and sustainable development. The company was created to develop solar and wind power projects across India, becoming one of the country's largest renewable energy producers. The establishment of Adani Green Energy marked Adani Group's commitment to transitioning toward cleaner energy sources while maintaining its position in the energy sector. This strategic initiative demonstrated Adani Group's recognition of the growing importance of renewable energy in India's energy future and its commitment to sustainable development.
Throughout the 2010s and 2020s, Adani Green Energy expanded rapidly, developing large-scale solar and wind farms across multiple states in India. The company became known for efficient renewable energy project development and operation, establishing itself as a leader in India's renewable energy sector. Adani Green Energy invested in state-of-the-art solar panels, wind turbines, and energy storage systems to maximize generation efficiency and reliability. This rapid expansion demonstrated Adani Green Energy's ability to scale operations quickly while maintaining project quality and operational excellence in the competitive renewable energy market.
Adani Green Energy was listed on the National Stock Exchange, becoming a publicly traded company while maintaining its connection to Adani Group. The listing provided capital for expansion and allowed investors to participate in India's growing renewable energy sector. The company has continued to expand its renewable energy portfolio significantly, including both utility-scale and distributed renewable energy projects. This public listing represented a significant milestone in Adani Green Energy's development, providing the company with access to capital markets and enhanced visibility among investors seeking exposure to India's renewable energy growth story.
Adani Green Energy has become one of India's largest renewable energy producers, with substantial solar and wind generation capacity. The company serves both industrial and residential customers, contributing to India's renewable energy targets and climate change commitments. Adani Green Energy continues to invest in new technologies and expansion to meet India's growing clean energy demands and support the country's energy transition. This continued growth demonstrates Adani Green Energy's ability to capitalize on India's renewable energy policies and its commitment to contributing to the country's sustainable development goals while maintaining operational excellence and financial performance.
About Adani Group
What does Adani Group own?
Adani Group operates through multiple separately listed companies covering ports and logistics (APSEZ), airports (Adani Airport Holdings), thermal power (Adani Power), renewable energy (Adani Green Energy), gas distribution (Adani Total Gas), power transmission (Adani Energy Solutions), cement (Ambuja Cements and ACC), agribusiness (Adani Wilmar), and media (NDTV). The group's most recognized consumer brand is Fortune, the edible oil brand operated through Adani Wilmar.
Is Adani Group publicly traded?
Adani Group is not a single publicly traded entity. The group operates through multiple separately listed public companies on India's National Stock Exchange and Bombay Stock Exchange. Each entity, such as Adani Enterprises, Adani Ports, Adani Green Energy, and others, is independently listed and can be purchased by investors.
Who founded Adani Group?
Adani Group was founded in 1988 by Gautam Adani in Ahmedabad, Gujarat, India. Gautam Adani began as a commodity trader before building the group into one of India's largest conglomerates through investments in ports, energy, and infrastructure.
Where is Adani Group headquartered?
Adani Group is headquartered in Ahmedabad, Gujarat, India. The group's flagship company, Adani Enterprises Limited, and most of its operating entities maintain their registered offices and principal operations in Ahmedabad, though the group has operations across India and in several international markets.
Who owns Adani Group?
Adani Group is controlled by Gautam Adani and his family, who hold majority promoter stakes in each of the group's publicly listed entities. The Adani family typically holds between 55% and 75% of shares in each listed entity, with the remaining shares held by institutional investors, foreign portfolio investors, and public shareholders.
What is Adani Group's revenue?
Adani Group does not report consolidated revenue as a single entity. In FY2025 (ending March 31, 2025), the portfolio of listed Adani companies reported record EBITDA of approximately INR 90,000 crore (approximately USD 10.5 billion), with total gross assets of INR 6.1 lakh crore (USD 71.2 billion).
What is the Hindenburg Research controversy?
In January 2023, U.S.-based short-seller Hindenburg Research published a report accusing Adani Group of stock manipulation, accounting fraud, and improper use of offshore entities. The report caused a decline of more than $100 billion in Adani Group market capitalization. The group denied all allegations. The Indian Supreme Court ordered an investigation by SEBI, and in January 2024 dismissed petitions seeking a special investigation team probe.
What is the U.S. indictment against Gautam Adani?
In November 2024, the U.S. Department of Justice unsealed an indictment charging Gautam Adani, his nephew Sagar Adani, and others with conspiracy to pay approximately $265 million in bribes to Indian state government officials to secure solar energy supply contracts. The U.S. SEC filed related civil charges. The Adani Group denied the allegations, and legal proceedings were ongoing as of February 2026.
- Founded: 1988
- Headquarters: Ahmedabad, Gujarat, India
- Company Type: Privately Held
Where Is Adani Green Energy Made / Based?
- Headquarters: Ahmedabad, India
- Manufacturing / Operations: India
Adani Green Energy Ownership: Pros & Cons
Advantages
- +Access to Adani Group's resources and infrastructure network
- +Leading position in Indian renewable energy
- +Publicly traded status enabling direct investor ownership
- +Growing renewable energy demand in India
- +Significant investment in solar and wind capacity
- +Alignment with global renewable energy trends
Considerations
- -Dependency on Adani Group's corporate policies
- -Regulatory oversight of renewable energy projects
- -Competition from other renewable energy companies
- -Weather and climate factors affecting generation
- -Government policy changes affecting renewable energy incentives
- -Integration with larger corporate structure
Frequently Asked Questions About Adani Green Energy
Competitors to Adani Green Energy
No direct competitors found in the same category. This could be because Adani Green Energyoperates in a unique market segment or we're still building our competitor database.
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