ADANI GROUP'S FUTURE FOOT FORWARD

WHEN KARAN ADANI joined Adani Ports & SEZ (APSEZ) in 2009 after graduating from Purdue University with a bachelor’s degree in economics, the ports company had a revenue of ₹1,135 crore

- P.B.Jayakumar

Its single port at Mundra with four terminals was handling 35.72 million tonnes (MT) of cargo. By the time he became CEO in 2016, APSEZ’s revenue had grown to ₹7,941 crore, with 152 MT of cargo, 10 ports and 42 berths.

Today APSEZ is the largest integrated transport utility in India, and has 13 ports, 15,000 hectares of industrial land, over 8 lakh square feet of warehouses and 9 logistics parks. In the first nine months of FY23, revenue grew 16% YoY to ₹15,055 crore, while cargo volumes increased from 247 MT to 312 MT.