All Brands Owned by 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 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.

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.

What is Adani Group's revenue?
Adani Group does not report consolidated revenue as a single entity. In FY2025, the portfolio reported record EBITDA of approximately INR 90,000 crore (USD 10.5 billion). In Q1 FY27, Adani Enterprises alone reported revenue of INR 32,924 crore, up 50% year over year, with record EBITDA of INR 5,642 crore.

What is the Hindenburg Research controversy?
In January 2023, 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 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 Adani Group denied the allegations, and legal proceedings were ongoing as of 2026.

What is the OFAC settlement?
In May 2026, Adani Enterprises settled with the U.S. Office of Foreign Assets Control for $275 million related to LPG trading activities. OFAC alleged that LPG cargoes purchased from a Dubai-based supplier, represented as originating from Oman or Iraq, were determined to be of Iranian origin. The settlement does not represent an admission of wrongdoing.