A

GROUP
PRESENTATION REPORT
ON

ADANI GROUP

Submitted to:- Presented by:-

[Link] Dave Amit Nirwal,Akhilesh,

Faculty- I.B.H. Anurag,Dishant,Ghanshyam

UWSB,Delhi Campus
 CONTENTS

1) Introduction
2) History
3) Milestones
4) Business drivers
5) Awards and recognition
6) The organization
7) Leadership
8) Companies of ADANI GROUP
9) Company’s philosophy on corporate
governance
10) Competitive strength and outlook on
opportunities
11) Social activeness
12) Our understanding
 INTRODUCTION

Founded in 1988 the Adani Group has grown from being a trading house to a diversified
and dynamic business group with interests from infrastructural development to FMCGs.

A leader in international trading and infrastructure development, the Adani Group is

engaged in a continuous Endeavour to maximize potentialities by synergizing the
multiple businesses of the Group creating optimum business model.

The Group has made foray into high growth sector like Power, Infrastructure, Global
Trading, Logistics, Energy and is recognized for creating benchmarks for others to
follow… the group is the operator of largest private port in India, The group is the
developer of largest multiproduct SEZ in India, The group have the largest edible oil
refining capacity in India, and we are one of the largest trading houses in India.

The group is committed to constantly deliver good returns to its stakeholders and
convert partnerships into winning combination.
Vision

To be an entrepreneurially driven enterprise – Thinking innovatively in all aspects of the

business, from technological to commercial. To be intensely competitive in whatever we
do, by constantly bettering the benchmarks set by us.

To be a globally preferred business associate - an entrepreneurial organization having

responsible concern for employees, society, the ecology, and stakeholder value. Strive
to generate optimum value for all our associates through constant innovation and
adoption of universal best practices and improving upon all those touches points that
directly impact the business.

To be a responsible concern – We shall harmonize all our actions and reactions, with
the global environment and actively work to reduce our environmental load

Mission
To assimilate knowledge, develop capabilities and manage collective enterprise to
profitably tap global commercial advantages for the benefit of stakeholders.

Group Values
From inception three values have driven all the activities of the Adani Group. They are
central to our operations worldwide and will continue to be at the core of all our
businesses.

Trust - We will deliver on all our promises - our word is our bond.

Courage - We will support our decisions and actions with conviction.

Innovation - We will think laterally and never fight shy of embracing big ideas.
 History

The Adani Group, despite a humble beginning in 1988, is one of the fastest growing
professionally owned enterprises in India and in the global arena. The flagship
company, Adani Enterprises Ltd. (formerly known as Adani Exports Ltd.), was
established by Mr. Gautam S Adani in 1988 as a partnership firm with a seed capital of
Rs. 5 lacs. An entrepreneurial vision coupled with lofty ambitions and hard work set the
pace for the growth of the company. Adherence to world-class quality standards and a
customer centric approach has helped the Adani Group touch revenues of INR 262
billion (as on March 31, 2009.)

The journey from a being a India’s most trusted trading house to a diversified
conglomerate is fast, yet memorable. Today, the Adani business portfolio is a diverse,
yet profitable assortment of Edible Oil, Logistics, Power Generation, Coal, Oil and Gas
Exploration, Gas distribution, Real Estate, Ports, Special Economic Zones and IT
enabled services. Its growth has been organic leading to a synergy among its business
units, making them more productive and competitive together. 
 Milestones
 The company has successfully completed foreign currency convertible bond
issue 
USD 250 Mn for its business expansion plans. Company successfully launches
the IPO for Mundra port and Special Economic Zone which oversubscribes by
115 times.

 The company has received prestigious reorganization of “Five Star Export

House” on account of valuable contribution in country’s overall exports.
Sales turnover has crossed Rs.13,500 Crores during FY 2004-05.
The company has successfully completed foreign currency convertible bond
issue of USD 38 Mn and proved its global reach.

 The company has crossed Rs.7155 Crores sales turnover mark.

Successfully disinvested its stake of Mundra Container Terminal to P & O Ports,
Singapore.

Introduction of new products like Iron Ore, Power Trading, Maize, Sesame
Seeds, Sorghum, Barley etc.

 2001 & 2003

Actual worth at Rs 550 Crs.
During FY 2002-2003 Company has achieved turnover of Rs. 2873 Crs as against
Rs.2188 crs for FY 1998-99 (a 30 % growth).
Becomes the top net foreign exchange (NFE) earner of the country.
The largest private sector player awarded with prestigious award of “Golden Super Star
Trading House”.

 1999 & 2000

declares a 1:1 bonus.

Market capitalization of the company rises beyond Rs 1710 crs in wake of its scrip price
touching Rs 775.60 per share (as on June 09, 2000), subscribers to the IPO see money
growing by 1966 per cent in just 5 years.
During FY 1999-2000 Company has achieved all time high turnover of Rs. 2853.11 crs
as against Rs.2188 crs for FY 1998-99 (a 30 % growth).
  1998 and Beyond: Period of Consolidation

turnover leaps to Rs 2,418.6 crs for the FY 1997 – 98.

Expands its trade basket, at present trades in more than 40 commodities and in 28
countries.
Becomes the top net foreign exchange (NFE) earner of the country and the largest
private sector Super Star Trading House in India.
Jetty at Mundra Port becomes operational.

 1994 – 1997: Period of Growth

 1997

Super Star Trading House status extended for another 3 years, unto 31st March, 2000,
in spite qualification limits for this status being substantially enhanced.

 1996

Turnover crosses the coveted Rs 1,000 cr level; at Rs 1,134.6 crs for the FY 1995 – 96.
Declares a 1:1 bonus in November, 1996; paid up capital increases to Rs 11.02 crs.
hits the primary market in September 1994 with its initial public offering (IPO) of 12.50
lakh equity shares of Rs 10 each at a premium of Rs 140 per share aggregating Rs
18.75 crs ; float oversubscribed by more than 25 times.
Accorded the status of “Super Star Trading House” on April 1, 1994 by the Ministry of
Commerce, Government of India; the youngest trading house and the only one from the
State of Gujarat to have been granted this status.

 1988 – 1993: The Initial Years

Converted into a public limited company on 2nd March 1993 with a paid up capital of Rs
1 Crore.
Accorded the status of “Star Trading House” on April 1, 1993 by the Ministry of
Commerce, Government of India.
Conceived as a partnership firm by Gautam S Adani with an initial capital of Rs 5 lakhs,
posts a modest turnover of Rs 2.20 crs in the first year of its operation.
 Business Driver

Strategic Vision and Global Reach

 Large diversified & integrated conglomerate with strong

international credentials.

 Leadership position in the industry

 Business intelligence & domain knowledge

 Global clientele, with sound repeat business

 Partnerships with world’s best sourcing bases

 Memberships in leading policy making bodies

 First mover advantage in falling trade barrier.

 Moving from traditional trading business to value

enhancement through asset creation.
 Awards & Recognition.

The Adani Group stands tall as one of the largest trading houses of India, a fact duly
recognized through the prestigious “Five Star Export House” status conferred by
Govt. of India. 

 Leading trader of coal, wheat, doc, castor oil, sulphur, petrochem products,
power trading, iron ore, pulses etc.
 Awarded the status of export house in 2004
 Niryat Shree Gold Trophy (2004-05)
 Niryat Shree Gold Trophy (2003-04)
 Awarded as “Five Star Export House”.
 ICSI award for Excellence in Corporate Governance, ’04 among the Top 25
Companies
 Awarded the “Golden Super Star Trading House”.
 Ranked 38th in Business Standard’s list of 1000-India’s Corporate Giants (2003)
 SOPA Award (1999-00, 2000-01, 2001-02)
 Gold Trophy, SRTEPC (1999-00, 2000-01)
 FIEO’s Niryat Shree Gold Trophy (1999-00)
 The Organization

Organisation Structure

 Formal 3-tiered Governance structure

 Board of Directors
 Corporate Management Committee
 Executive Committee
 Value creation in businesses through EVA

 Strategic business review meets Quarterly / Half yearly / Yearly

basis

 Quantified target setting & linking to rewards

 Strong process orientation through SOPs

 Investment in futuristic IT infrastructure

 The Leadership
Gautam S. Adani is the Company’s Executive Chairman and founder of the Adani
Group. He has completed his education up to matriculation. He has over 20 years of
varied experience in business and trading with Adani. He is responsible for the
Company’s new business initiatives and strategic plans. Under his leadership, Adani
Group has emerged as a diversified conglomerate with interests in international trading,
infrastructure development, power generation and distribution, development of special
economic zones, gas distribution, trading and business process outsourcing. He has
been instrumental in the diversification of the Adani Group into the power sector.

Rajesh S. Adani is the Managing Director of the Company. He holds a bachelor’s

degree in commerce from the Gujarat University. He has been associated with Adani
Enterprises Limited since its incorporation. He is in charge of day to day operations of
the Company and has been responsible for developing the business relationships of the
Company. He also handles the marketing and finance aspects of the Company.

Vasant S. Adani is a Non-Independent and Non-Executive Director of the Company.

He holds a bachelor’s degree in Arts. Vasant S. Adani looks into the administrative
aspects of the Adani Group. He has more than 25 years experience in management
and real estate development.

Amratlal C. Shah is an Independent Non-Executive Director of the Company. He holds

a doctorate in economics and has over three decades of banking experience and has
served as the chairman and managing director of Bank of Baroda. Dr. Shah has also
served on the board of various reputed companies, such as UTI Bank Limited, Reliance
Capital Limited, Jet Airways Limited, S. Kumar Nationwide Limited, Elecon Engineering
Company Limited, Gujarat Petro Synthesis Limited, Goldcrest (India) Limited and
Gujarat Lease Finance Limited. Dr. A.C. Shah has also chaired several committees on
banking, the most recent one being the RBI Committee on the functioning of Non-
Banking Finance Companies.
Pravin P. Shah is an Independent Non-Executive Director of the Company. He is a
chartered accountant and has a doctorate in Finance. He is a partner of the chartered
accountants firm, Pravin P. Shah & Co. and is the proprietor of the chartered
accountancy firm, Pravin P. Shah & Associates. Dr. Shah has over 40 years of
experience in areas of financial consultancy, taxation, valuation, property matters,
accounting, auditing, corporate laws and FEMA. He has also authored seven books on
costing, management strategies, billion dollar companies and taxation.

Jay H. Shah is an Independent Non-Executive Director of the Company. He holds

degrees in commerce and law. Jay H. Shah has been with the Company since its
inception. He has wide experience of the Indian petrochemicals sector.

Yoshihiro Miwa is an Independent Non-Executive Director of the Company. He holds a

master’s degree in commerce. He has wide experience in Commercial Science and
Business Administration. He is also the chairman of Kowa Company Limited, Japan.

Anil Ahuja is an Independent Non-Executive Director of the Company. He holds

bachelor’s degree in Mechanical Engineering from Indian Institute of Technology (IIT),
New Delhi and a Post Graduate Diploma in Business Management from the Indian
Institute of Management (IIM), Ahmedabad. He has more than 20 years of experience in
international financial services. Anil Ahuja is one of the earliest private equity investors
in India, with over 10 years of investment experience. In the past, he has worked with 3i
Group Plc., JP Morgan Partners Asia and Citibank, Mumbai.
Companies of Adani Group
 Adani Enterprises Ltd. (AEL) 

Adani Enterprises Ltd. (AEL) is the flagship company of the Adani Group. Accorded
the status of a “Five Star Trading House” by Directorate General of Foreign Trade,
New Delhi, AEL is the first company to receive such a prestigious status in India. 

Though based out of Ahmedabad, India, AEL has operations across the globe. 70
commodities. 60 countries. 30 offices, including 8 overseas offices in USA, UAE, China,
Singapore, Indonesia, Mauritius and Myanmar. AEL is truly a diversified asset backed
commodities trader, sourcing, producing, marketing and transporting them across the
globe.

AEL started out as a partnership firm in 1988, and attained joint stock company status in
1993. AEL’s IPO in 1994 was oversubscribed 25 times over, a sign of the immense trust
that shareholders and the market placed on it. Its trade desks handle a diverse and
voluminous product portfolio with expertise.  Through time-conscious delivery, quality-
driven process systems, complete reliability and uncommon levels of commitment to
customer satisfaction, AEL gained success and a rock-solid reputation in markets
around the world. On one hand, AEL has achieved the critical mass needed to carry out
sizable transactions demanded by its global clients, while on the other; it maintains the
entrepreneurial drive that has given it an edge in Asia and Europe. From a single
commodity company, AEL, today, has evolved into a brand representing a wide range
of commodities and services.

AEL aims at creating multiple drivers of growth anchored on its time-tested core
competencies: unmatched distribution reach, superior brand-building capabilities,
effective supply chain management and acknowledged service skills.

AEL has systematically de-risked its commodity trading portfolio to avoid pressure on its
margins by venturing into asset backed commodity trading. AEL’s strategic forays into
new businesses have garnered a significant share of these emerging high-growth
markets in India. Today, the Adani Group has a diversified presence in five business
sectors: Power, Oil & Gas, Real Estate, Agro & Metals and Minerals. The Shipping
business acts as the backbone to its various businesses, exemplifying the required
cohesiveness of knowledge based enterprise and a people driven entity.
 COMPANY'S PHILOSOPHY ON CORPORATE
GOVERNANCE

Adani Enterprises Ltd. (AEL) being a flagship Company of Adani Group is committed to
the adoption of best Corporate

Governance Practices and their adherence in the true spirit, at all times. The core
values that drive your Company's
business are:

* Accountability : Towards our stakeholders and society for our acts and decisions.

* Excellence : Strive relentlessly and constantly improve ourselves in our offerings.

* Legacy : Strong legacy and roots of stringent corporate governance principles

that strives us to conduct our business fairly, with honesty and transparency
 Competitive Strengths and Outlook on
opportunities

Diverse portfolio of businesses

The Company maintains a diverse yet integrated portfolio of commodities in its three
primary business segments, which offer an array of products and services in multiple
markets. The Company's diversified range of products and services has enabled it to
generate revenues throughout periods of volatile commodity prices and demand
fluctuations. The Company has also established diversified sourcing and distribution
networks across its business lines to provide protection against market disruption. The
Company believes that its industry expertise, acquired across the breadth of its
businesses, provides it with insights and market intelligence that enable it to more
effectively capitalize on and manage risks associated with opportunities across all its
markets.

Scalable and flexible business model

The Company has demonstrated an ability to leverage its existing infrastructure and
expertise to expand its product platform, geographical coverage and market presence.
The Company is principally focused on the sourcing, marketing, processing and
distribution of raw materials and has, to date, limited its investments in downstream and
upstream assets. The Company believes that this has enabled it to expand, and to enter
businesses on an opportunistic basis, while limiting its exposure to any specific market
or product. In addition, the Company has grown its revenue through recruitment of new
product teams which it believes has enhanced its customer base.

Well positioned in targeted geographical markets and products

The Company believes that it is increasingly becoming a leader within its key markets,
largely due to its ability to link its customer relationships with its expertise in selected
geographical markets, products and its logistics services. For example, the Company
believes that it has become one of India's largest non-producing providers of coal, metal
scrap, agro-commodities and industrial raw materials. The Company has extensive
Indian logistical resources, including captive rail and port infrastructure, as well as
extensive international experience sourcing and transporting a variety of commodities.
The Company believes that these resources are enabling it to become a leading market
participant in its targeted markets, enabling it to leverage its global commodities
sourcing network to provide its customers with value-added services.
Global infrastructure and scope

The growth of the Company's operations has created access to new markets and
enhanced its access to new sources of industrial and agricultural raw materials. The
sources and markets its products globally and, consequently no geographic market
accounts for more than a quarter of the Company's sourcing or turnover totals. The
Company's broad geographical presence enables it to closely monitor and respond to
global supply and demand imbalances; identify opportunities for strategic investments to
support its global diversification strategies; and enhance its supplier substitution
capabilities.

Strong goodwill and customer relationships

An emphasis on client service has enabled the Company to build what it considers to be
strong goodwill in the Company's markets. The Company believes the “Adani” brand
has come to signify timely delivery of high quality industrial and agricultural products
and value-added services to its customers. The Company believes that its goodwill and
reputation represent important intangible assets, which enable it to gain access to new
markets, attract and retain key personnel, expand into new product areas and develop
strong customer relationships.

Business Strategy

The Company's strategic objective is to continue to build on its position as a leading

trading house with a growing asset base, while building its capabilities in the
infrastructure and power sectors
 Mundra Port and Special Economic Zone
Limited (MPSEZ)

India’s largest private port and special economic zone, was incorporated as Gujarat
Adani Port Limited (GAPL) in 1998 to develop a private port at Mundra, on the west
coast of India. The company commenced commercial operations in October
2001. Mundra Special Economic Zone Limited (MSEZ) was incorporated in
November 2003, to set up an SEZ at Mundra. MSEZ was merged with GAPL in April
2006. The company was renamed as Mundra Port and Special Economic Zone Limited,
to reflect the nature of business.

Mundra Port provides cargo handling and other value-added port services. Mundra SEZ
is India’s first port-based multi-product SEZ.

Bunkering

AEL is a registered bunker supplier for the Mundra port in Gujarat. AEL has leased one
floating barge with an approximate capacity of 3,000 metric tonnes, which is used to
refuel large vessels anchored off the Mundra port. In order to extend our bunkering
business in various ports of India, we have formed a joint venture in Singapore with
Chemoil Energy Limited whereon we have 50% equity participation.e efforts to tap the
opportunities in the said sector. The Company has been successful in grabbing an
increasing market share in export and import of grains and pulses.
 Adani Logistics Limited (ALL)

Adani Logistics Limited (ALL) provides integrated logistics solutions for movement of
commodities. Towards its mission, Adani has secured an all-India license to manage
container train operations on Indian Railways. In order to provide pan-India multi-modal-
logistics services, Adani Logistics Limited, has developed the facilities for movement
of goods in containers by train, road and sea. ALL is also developing logistics parks for
providing various ground facilities, including aggregation, warehousing, holding,
inspection, custom bonding, stuffing/de-stuffing of Export import (EXIM) and Domestic
cargo, and loading/unloading onto railway wagons.

Adani Logistics offers comprehensive end to end logistics solutions for handling a wide
range of cargo including containers, break bulk dry and liquid cargo, perishables and
project cargo, in the form of full train load, full container load and less than container
load. ALL is already operating regular train services from Rajasthan and National
Capital Region to Mundra and JNPT(Mumbai), Chennai by deploying the fleet of six
rakes. Additional rakes are being inducted by the year 2009.

ALL encourages other train operators to commence their operations from Adani
Logistics Parks (ALP) to improve frequency of service to gateway ports and in turn
facilitate EXIM trade.
 Adani Gas

Adani Gas is a wholly owned subsidiary of the Adani Enterprise Ltd (AEL) and was
incorporated for setting up distribution network in various cities to supply natural gas to
industrial, Commercial, Domestic and CNG Customers. The company has forayed into
the business of Gas Distribution Business with an objective of providing safe,
convenient, reliable and environment friendly fuel.

Adani Gas has already set up a Gas Distribution Network in 

                   GUJARAT : Ahmedabad and Vadodara
                   HARYANA : Faridabad

Gas distribution for Industries, commercial establishments and residences in these

cities has ushered in a new era of cost-efficient and environment friendly fuel.

Adani Gas has received NOCs to develop City Gas Distribution networks to repeat the
similar success stories in 
                   UTTAR PRADESH : Noida, Lucknow & Khurja, and
                   RAJASTHAN         : Udaipur and Jaipur. 

Adani Gas has already initiated the infrastructure development in these cities to meet
the fuel needs of industrial, domestic, commercial & Transport sectors.
 Real Estates
The Indian real estate sector is on a strong growth path, led by rising GDP, improving
demographics, growing affordability, increasing impact of IT/ITES and organised retail
sectors, supported by strong FDI and portfolio inflows. The unprecedented demand has
driven the need for organised sources of funding, creating ‘investability’ and has led to
the emergence of real estate as a sustainable asset class. The office space in India is
also far lower when compared with international peers like Hong Kong and New York.

Integrated Townships
The group has taken up an integrated township development in Ahmedabad projected
as "Shantigram". The location of the Township shall be on S G Highway approximately
10 Km away from Thaltej Circle towards Gandhi Nagar.

“Shantigram” will be the one of the largest and most modern futuristic township of its
kind. The township project shall involve the development of Residential and Commercial
Spaces.

Recreation
 Ultra Modern Hotels
 Restaurants
 Food Courts
 Multiplex Cinema Halls
 Entertainment Zones
 Performing Art Centre with Multiple Auditoriums
 Museum
 Padestrian Market Place

Sports & Leisure

 Lush Green Golf Course
 Athletics Field
 Cricket Ground
 Tennis Courts
 Multisports Field
 Swimming Pool
 A Club house
 Club & Gym
 Jogging & Cycling Track
 Green Park Walking
Private Constituents

 ultra modern Apartments

 Individual Bungalows
 Commercial Space for Offices, Corporate Houses, Shopping Malls, Entertainment,
Restaurants, Hotels, Hospitals, Recreation etc.

Public Constituents

 Primary and High School facilities

 Two Advanced Education Institutions
 Hospitals
 Petrol Pumps
 A Large Green Park for the community
 A Large Artificial Lake
 A Botanical Garden & Nursery
 Religious Temples
 Fire Brigade & Ambulance Service

Commercial & Residential Developments

Mumbai is a commercial capital of India and is the sixth largest metro in the world.

As a result, Mumbai offers a plethora of employment opportunities and this in turn has
led to an increase in its population from 12.5 million in 1991 to 16.4 million in 2001. With
scare residential space to cater to an ever increasing population and dwindling
commercial area in the event of enhanced economic activity, Mumbai realty prices have
hit the roof.

To capitalize on this segment, Adani Enterprises through its 95% owned subsidiary has
identified two properties in Mumbai.
Bandra Kurla Complex

The site is located in International Finance & Business Centre (IFBC) in Bandra-Kurla
Complex (BKC) and is in the close vicinity of some of the most prestigious commercial
developments in BKC. The subject site is located opposite ICICI Bank and IL&FS
buildings and is in the vicinity of the ONGC colony.

BKC has locational advantage with proximity to important commercial areas such as
Andheri, Maharashtra Industrial Development Corporation (MIDC) complex and Santa
Cruz Electronic and Export Promotion Zone (SEEPZ) lying in its close vicinity.
Moreover, it is located in the heart of the city and connectivity to Western Express
Highway and other airports make it a highly preferred location for commercial purpose.
The subject site is accessible from the MMRDA Road as well as C.S.T Road in Kalina.
The subject site can be accessed by all major roads from South and Central Mumbai.

BKC has developed as one of the most sought prime commercial micro-market in
Mumbai after the Central Business District (CBD) in Nariman Point. It is expected to
become the secondary central business district (CBD) of Mumbai due to the factors like
the quality infrastructure, availability of land by MMRDA, established companies, road
width, easy accessibility, etc.

Khatau Mill Land

As per order of Board for Industrial & Financial Reconstruction (BIFR) dated 22nd
February 2007, Khatau Makanji Spinning & Weaving Mills Ltd. (KML) has been
demerged and the properties pertaining to Byculla and Borivali with the resulting
company i.e. Swayam Realtors and Traders Ltd. (SRTL). Adani group holds 60%
shareholding of SRTL.
The Property is located at two places:

Byculla

The subject property is located off [Link] Marg near Byculla Station.

Borivali

The subject property is located adjoining Ekta Meadows off Western Express Highway
on Borivali (East). It is in close proximity of Thakur Complex and nearly 5 minutes from
Borivali station and Magathane Bus depot.

The re-development of erstwhile defunct mill lands in Central Mumbai is going to

mitigate the dearth of quality real estate in Mumbai. The supply of corporate office
space from mill lands is expected to have a significant impact on the subject property
site and proposed development.
 Adani Power Limited

Adani Power Limited, a subsidiary of Adani Enterprises Limited, is developing number

of power projects along with its dedicated transmission station system. Presently, Adani
Power Limited is setting up a 4620 MW Mundra Thermal Power Station in following
stages: 
• Stage 1:   660 MW 
• Stage 2:   660 MW
• Stage 3: 1320 MW
• Stage 4: 1980 MW

APL is presently executing 400 KV D/C transmission line of about 431 KM distance from
Mundra to Dehgam.
APL is also executing ±500 KV Bi-Pole HVDC transmission line of about 800 KM
distance from Mundra to Haryana for transmitting 2500 MW. 

Adani Power Maharashtra Limited (APML), a 85.89% subsidiary of Adani Power

Limited is implementing 1980 MW Thermal Power Station in following stages: 
• Stage 1: 1320 MW 
• Stage 2:   660 MW 
 Agro Commodities Trading

India is one of the world’s largest food grains producers, the second largest vegetable
producer and rice producer, making it one of the world’s agricultural powerhouses. With
global agricultural trade on a sustained rise coupled with robust economic growth
across the world, the Agro sector has number of trade opportunities in its offing, which
is an important contributor to India’s growth story. India also produces significant
quantities of oil seeds, in spite of this; it is one of the leading importers of edible oil.
Indian demand for edible oil is likely to remain an important source going forward giving
increased avenues of investment in this sector. The total food production in India is
likely to increase substantially in the coming years which will throw enormous
opportunities for large scale investments in food and food warehousing, logistics
management and processing.

Adani Enterprises is one of the leading trading houses in agro commodities. Adani's
Agro commodities business is focused on trading in various Agro products in India and
internationally, including grains, pulses, castor and soya. Adani Enterprises has
emerged as a leading importer of pulses. The company is present in every aspect of
trade of bulk agro commodities from importing, selling domestically to exporting and
doing third country trade.

Global agricultural trade is projected to rise given the expanding agri output in a number
of countries in line with a robust economic growth across the world. Excellent export
prospects, competitive pricing of agriculture products and standards that are
internationally comparable has created trade opportunities in the agro industry.

Driven by the consumption and production disparity in the agro sector, Adani
Enterprises has made efforts to tap the opportunities in the said sector. The Company
has been successful in grabbing an increasing market share in export and import of
grains and pulses.
 Fruits & Vegetables
Despite being the second largest producer of fresh fruits and vegetables, the country is
a virtual non-entity on the world trade map in terms of the global trade volumes. Due to
lack of post-harvest management facilities, absence of suitable cold stores and the lack
of an organized distribution system, the wastage of fresh produce in India is as much as
25-30%.

To capitalize on this segment, Adani Enterprises through its 100% owned subsidiary
”Adani Agri Fresh Ltd” has taken the lead in developing such an integrated storage,
handling and transportation infrastructure for fruits and vegetables in India. This will
enable the company to provide consistent quality of branded fruits and vegetables all
the year round. The company will be employing ‘Controlled Atmosphere Technology’ for
increasing the shelf life of fruits. Distribution centers will be set up across India,
complimented by setting up its own logistic cold chain to increase efficiency of the
system.

The Company has set up Controlled Atmospheric Storage units at three locations
(Rewali, Sainz, Rohru) in Himachal Pradesh with a capacity of around 18,000 MT. Each
Site has been constructed with 7 Blocks of 6 Chambers totaling to 42 chambers at each
location.

The strategy is to concentrate on products that are produced far from major
consumption centers, are seasonal in nature and are amendable to increase in storage
life using modern integrated cold chain facilities. This would enable the company to
leverage on its logistics strength while at the same time take advantage of controlled
atmospheric storage technology to arbitrage on the price differential between peak and
off peak season.

Initially the project would be focused on apples and would then diversify into other
products. The fruits and vegetables which are proposed to be preserved will be apple,
banana, grapes, lime, litchi, mango, mosambi, pineapple, papaya, brinjal, bitter gourd,
green chillies, peas, cabbage, cauliflower, ginger, garlic, etc.
 Agro Supply Chain
Globally, movement of major food grains like wheat, for domestic consumption or
exports, is done in an integrated fashion in bulk right from farm gate to port or
consumption centre. This helps to reduce multiple handlings and associated high
wastage and pilferage, which typical exists in developing countries like India.

In order to reduce storage and transit losses of foodgrains and to bring additional
resources through Private Sectors participations., Govt. of India had announced a
National Policy on Handling Storage and Transportation of Foodgrains in June, 2004 for
Bulk and conventional godowns. Adani Agri Logistics Ltd. (100% subsidiary of AEL) was
awarded the contract for setting up two such facilities one each at Moga and Kaithal in
Harayana, as it emerged as the most competitive bidder for which global tenders were
invited.

Adani Agri Logistics Ltd. is responsible for development and operation of bulk food grain
handling, storage and transportation facilities under BOO arrangement for FCI. AEL has
developed vertical silos to store grains and movement in bulk in top loading/ bottom
discharge wagons. This is a national level project created first time in India.

The Project envisages following activities:

 Design, finance, construct, operate and maintain Base Depots and Field Depots
 Receive grains from FCI at the base depots, weigh them, clean them store them
and transport them either by rail or road.
 Receive in bulk by rail, handle, store and preserve the grains at the field depots
 and, thereafter, load these grains in bulk/bags for transportation by rail or road
 Construct and maintain rail and road access from the depots of the circuit to the
nearest rail and road networks.
 Develop, procure and own on its cost Special Bulk Food grain
 Edible Oil

Adani Wilmar Limited is a 50:50 joint venture between two recognized Multinational
Corporations – the INR 275 Billion (US $5 Billion) Adani Group, the leader in
International trading, Power Sector and Private infrastructure, and Wilmar International
Limited, Singapore, Asia’s leading Agri business group with revenues exceeding US
$16.5 billion.

Adani Wilmar Ltd.'s flagship brand Fortune has been repositioned with a new mantra
of 'Joy of Eating'. The objective of this exercise is to craft a unique value proposition
for the brand. Fortune, which has maintained its market leadership for last 7 years, hope
to further strengthen its market share with this re-positioning.

To cater to the burgeoning middleclass, core of Indian consumer market, AWL

introduces King's range of refined oils. It will have under its portfolio, Soya, Sun,
Refined Mustard and Cottonseed oil. Coming from the house of Adani Wilmar, coupled
with the planned 360 degree Marketing Support, King's is set to be the king of its own
turf.

AWL also has as part of its edible oil portfolio, Bullet brand mustard oils and a coconut
oil under the brand name Ivory, a Refined Palmolein Oil under the brand name
of Raag Gold, a premium vanaspati brand called Raag, special frying oil
called Fryola and Speciality Fats under brand name Jubilee Masterchef. 
 Adani Welspun Exploration Limited
(AWEL)

Adani Welspun Exploration Limited (AWEL) is a joint venture (JV) company between
Ahmedabad based Adani Group and Mumbai based Welspun Group to undertake
upstream oil & gas business. In this JV, Adani Group holds 65% through its flagship
company Adani Enterprises Limited (AEL), while Welspun Group holds 35% through
Welspun Natural Resources Pvt. Ltd., a subsidiary of its flagship company Welspun
Gujarat Stahl Rohren Limited (WGSRL). AEL & WGSRL are listed on various Stock
Exchanges.

Business Activity: 

AWEL had successfully won two onland exploration Blocks with majority shareholding
(90%) in NELP-VI bid round, one in Cambay Baisn (CB-ONN-2004/5) and the other in
Assam-Arakan Basin (AA-ONN-2004/4). AWEL was awarded another Block in Mumbai
offshore (MB-OSN-2005/2), close to Tapti fields, in NELP-VII bid round, where the
company is the operator with 100 % working interest. AWEL has two more concessions
(L39/48 & L22/50) with 100 % operating interest in onshore Thailand. Recently, AWEL
has been awarded an offshore Block (Block 5) in Gulf of Suez, Egypt in consortium with
GSPC.

AWEL has a strong and experienced management and technical team in place and has
already built a prospective portfolio of onshore, offshore and international assets. AWEL
aims to be a medium sized Oil & Gas company with exploration & production assets
globally.
 SOCIAL ACTIVENESS

Adani Foundation was established in May 1996. Situated in Ahmedabad, it is a part of

the prestigious Adani Group and looks after the Corporate Social Responsibility related
activities of the Group, which has now become synonymous with creating wealth for the
people. Adani Foundation was established with the vision to “accomplish passionate
commitment to the social obligations towards communities, fostering sustainable and
integrated development, thus improving quality of life". We began in a small way by
working with a few rural communities around our Port at Mundra.

Through its grant, the Foundation supports efforts in the development of society, in
areas of Rural Livelihoods & Communities, Education, and Health. Besides institutional
grants, the Foundation also makes individual grants for education and medical relief.
The Foundation is registered as a NGO and operates in Gujarat with major focus in
Kutch & Ahmedabad. This year, it will expand to other locations in the country. The
Foundation is active in four major areas for all sections of the society:

 Medical
 Education
 Rural Development
 Charitable & General

Activities at Ahmedabad
The Ahmedabad office holds the secretariat of the Foundation. The activities which are
directly managed by the Ahmedabad Office are:

A. Medical

1. Medicines prescribed by the hospitals/ specialists a provided free of cost to 290

patients including 52 HIV positive patients.
2. Financial assistance was provided to patients for surgeries, and critical diseases,
looking to the severity of the cases.
3. Financial Assistance to peer groups: Shree Rajrajendra Suri Charitable Trust,
Surat was given financial support worth Rs 11 Lakhs towards setting up a new
dispensary in Surat for the under-privileged.
B. Education

1. Scholarship Scheme: This scheme is meant for all children who secure more
than 70% marks in aggregate and are from Below Poverty Line strata. 46
meritorious students availed these scholarships applicable from 5th standard
onwards up to professional courses.
2. 9+2 Scheme: We helped 88 students under this scheme, wherein, nine months
tuition fees and two term fees were paid directly to the educational institutions.
3. Vidya Sahay: This scheme enables/make feasible quality education accessible
to needy associates of the Adani Group & to mitigate the hardship in educating
their children on account of the high cost of education. Under this scheme 83
children availed Vidya Sahay amounting.
4. Adani Vidya Mandir: “SUCCESS IS NOT TRUE UNLESS IT IS SHARED”,
believing in this philosophy Adani Foundation has set up “Adani Vidya Mandir”
school to impart quality education & good facilities to under-privileged meritorious
students totally free. This will enable them to fulfill their dreams and aspirations.
The school was formally declared open on 12th June 2008. From this year, Class
III and IV are operational. A total of 140 students have taken admission in the
school through an entrance test held in the months of April & May.
5. Financial Assistance to peer groups:
o Banaskantha Kelavani Mandal was given financial support worth Rs. 25
Lakhs towards construction of a new school.
o Jay Parsvanath Education Trust was given financial support worth Rs 5
Lakhs towards construction of new classrooms at Dholka, Ahmedabad.

C. Others

 Shree Navchetan Andhjan Mandal was given support worth Rs 25 Lakhs towards
construction of their new campus in Kutch
 Shree Yagkshem Foundation for Human Dignity, Ahmedabad was given financial
assistance of Rs. 2 Lakhs towards their work on Human Rights
Adani DAV Public School, Mundra

The results of Class X and XII have been very encouraging. Krishna Yogesh Shah
secured highest 93.2% in her Class X board exams. The school again repeated its
100% results in Class X, Class XII Commerce and Class XII Science since the first
batch of Class X appeared in 2004.

The total enrollment in the school this year is 137 making a total of 701 students with 44
teachers. This makes the teacher student ratio of 1:16 which is very high compared to
other schools where the average is 1:35.

Rural Development Activities at Mundra, Kutch:

In Mundra, Adani Foundation has set up a team for addressing various issues for the
rural community. We work in three core areas; Education, Health and Livelihood

Education:

 20 volunteers completed their duties as teaching assistants in primary schools of

Mundra Taluka for the academic year of 2007-08. They also underwent training
of Sarva Shiksha Abhiyan (SSA). These Education Volunteers also implemented
Meena Communicative Initiative aimed at Girl Child Education and Child’s
Rights
 Crafted new role and responsibilities for Education Volunteers with consultation
from UNICEF and District Primary Education Officer for the academic year of
2008-09
 Prepared a model for School Health Corner. 40 group schools of Mundra and
Mandavi Talukas are provided with Model Health Corner Kit consisting of full size
mirror, 5 napkins, 6 combs, 6 nail clippers, Height measuring Scale and posters
for creating health awareness.
 A.F. also assisted in distributing textbooks to schools.
 Training session with volunteers
 A.F. Team participated in School Enrolment Drive of current year
 45 schools have been identified for Educational Inputs with emphasis on Girl
Child Education and Quality of Education.
Health:

 Mobile Dispensary is rendering services to 24 villages and three labour colonies

and has treated 2513 patients in April and 2403 patients in May 2008 absolutely
free.
 Medical camp at Zarapara port colony where 94 patients got free treatment
 Specialty camps/ Gynaec camps were organized at Tunda, Baroi and Deshalpar
village as well as at APL and Samudra labour colonies. Over 200 women got
treatment for various gynaec ailments for which they would not have gone
anywhere unless it gets very serious. Dr. Chitra Bhatnagar- M.D. ([Link].)
rendered her services on a voluntary basis.
 Life Skill Education Talk followed with question answer session with students and
teachers of Adani DAV School with Dr. Chitra Bhatnagar
 In collaboration with Government Community Health Center vaccination and
ante- natal care is provided at labour colonies namely at Samudra Township and
Mithani’s Colony on Tuesdays of the month.
 Pre- monsoon health awareness programme conducted at various labour
colonies
 Demonstration of chlorination of water along with material supply carried out at
various labour colonies
 HIV/AIDS awareness talks at Indra security and Samudra Township

Livelihood Activities:

 Group meetings with Cattle Owners at Mangara for low cost cattle shed for
reducing wastage of fodder
 Awareness Night Camp with Veterinary Dr. Prakash Modi at Goersama and
Shekhadiya benefiting 64 cattle owners’ families
 Continue implementation work of Samaghogha Check Dam on Phot river under
Sardar Sahabhagi Jal Sanchay Yojana. 80 % construction is over. Total cost of
this dam is rupees fifty lacs approx.
 Bhumi Pujan for starting implementation of Vaghura Check Dam on village river
 Support in construction of 126 individual toilets at Wanki village. We came across
many touching stories such as- Ratanben Aahir who came to village Wanki 30
years ago following her wedding to a village man. Not having toilet in the house
was very disturbing and never could get over the overwhelming feeling of shame
 and embarrassment. To top this, her fate put her in even more difficulties and
drudgery as her husband met with an accident and was partially disabled. Now
she had to carry his excreta for disposal in open out side village everyday. Now
with toilet in the house we could see tears of happiness and relief.
 A.F. team participated in Krishi Rath Programme of Government of Gujarat in
Mundra Taluka. Public recognition was given to our efforts in the areas of Total
Sanitation Campaign, Animal Husbandry and Agriculture and water saving
devices
 Concluded six weeks training for Diesel Engine Maintenance with partial funding
from NABARD under Skill Development Initiative. Two trainees have already
been selected for placement. Three to four have continued with their own
workshop with more vigor. Follow up for more placements and entrepreneurship
continues.
 We have submitted two more proposals under Skill Development Initiative to
NABARD.

Other News:

 Dr. Pritiben G. Adani signed Memorandum of Understanding for Technical

Support with UNICEF.
 WASMO has agreed to support us in our efforts towards Total Sanitation
Campaign and school hygiene sanitation programme
 We have expanded our team by recruiting six community mobilizers with
graduate and post graduate degrees in relevant education streams and of total
work experience. We have also recruited project officers/ programme specialists
for Health and Animal Husbandry and other livelihood activities
 Team leader visited Dahej and Tiroda sites for assessing and exploring the
possibilities of CSR activities in those areas. A person to look after Dahej site has
been short listed.

Activities at Gurgaon

A blood donation camp was organized at ADANI House, Gurgaon, in coordination with
Red Cross Society, India. A total of 57 units of blood were donated by equal numbers of
volunteers for the noble cause of saving lives of people.
 Our Understanding of the Current Situation at
Adani Group

Success:

 Global interests ranging from Global trading , Edible oil, Agro products, Agri
logistics, Retail, Power, Coal, Oil and Gas Exploration, Gas Distribution, Real
Estate, Ports, Special Economic Zones, IT enabled services etc.

 Significant expertise in Global Trading

 Successful foray into ports business – Mundra Port and acquisition of Bay Bridge
Enterprises

 Communication of Adani Group Vision and Mission

Challenges:

 Ensure timely execution and profitability of new projects

 Need for performance management system that provides greater focus and
alignment

 Need for clear framework that will align and govern the entire organization

 Strategic objectives are to be connected throughout the organization

Too many initiatives, need for effective of follow-through