When we read the life story of a successful personality, it gives us immense insight into how he managed and overcome the challenges of his life.
These lessons help us to manage our lives and plan a better future for our loved ones. Mr. Gautam Adani is one such star shining in the sky of Indian economy.
The Adanis have the second richest family after the Ambanis, but unlike other business tycoons, the Adanis did not inherit a fortune from their father. Instead, he worked hard to turn his fortunes around. If you see the success story of Gautam Adani, it shows his strong will, business acumen and hard work which he used to build his ladder of success.
From a collage powerhouse to a business mogul, his story is nothing short of remarkable.
Adani, as a child, displayed entrepreneurial traits. He dropped out of council after the alternate time to start a career. He was one of the seven children of his parents who were financially weak. His father was a cloth merchant.
Adani moved to Mumbai to start the work of diamond kundi. His first job lasted for 2-3 years, but by then, he had understood the nuances of the business and how it had changed with the market. His knowledge of the trade helped him to set up a diamond brokerage.
This was the first business in which he tried his hand. The next break in his life came when his brother Mahashukh Adani called him back to Ahmedabad to work in a plastic factory he had started. Gautam joined the establishment, and soon he was importing polyvinyl chloride, or PVC, to India. This event marked his entry into the global business arena.
Adani is a man who recognizes an opportunity when it knocks on your door
Foresight and ability to seize opportunity are the qualities that separate a successful person from mass. Adani is living proof of this. He identified the opportunities when the Indian economy opened the doors of globalization. This has always been a blessing for him. Using the position, he quickly diversified to capture the new market.
Adani founded the Adani Group in 1988, but his company was initially trading on agricultural products and electricity. But, as this changed in 1991, the beginning of a new era of the Indian economy, Adani took the opportunity to diversify keeping in view the changing market demands. Gradually the Adani Group emerged as a conglomerate, diversifying into power generation and transmission, coal trading and mining, gas distribution, oil and gas exploration, ports and SEZs.
Adani believes in giving back to the society
Despite his success as a shooting star, Gautam always stuck to his roots. Along with his wife, Preeti Adani, a dentist by profession and Managing Trustee of the Adani Foundation, he is engaged in many philanthropic activities. The Trust works in perfecting education, community health, pastoral structure development, sustainable livelihood generation and further.
His life lesson for all
If we look at his life, above all Gautam's journey is not easy. He is a self-made billionaire. And to get this position, he had to struggle like everyone else. But he was also a visionary who learned to seize opportunities early in life when they came. These are the lessons one can learn from the life of Gautam Adani.
It is important to understand the potential of an opportunity
Adani is a visionary. He realized how important ports are for the development of the economy. Adani understood the potential of merchant ports and was successful in establishing a monopoly on the segment. Today, it is the largest port owner in India and continues to build new ports at home and abroad.
Diversification is the key
From the very beginning, he focused on diversifying his business as the market changed. Starting with the export of agriculture and power products, he diversified his business into other areas such as power generation and distribution, oil and gas exploration, logistics, port development, among others. When India's economic philosophy changed, they quickly recognized business opportunities
Remarkable conversation and negotiation skills are an A-plus
He once met the then Railway Minister, Nitish Kumar and convinced him to see the importance of integrating ports to the railways. He successfully convinced the minister to formulate a port-rail linkage policy. The policy allowed harborage possessors to run their own rail tracks to the nearest railheads.
Never stop learning
They didn't have sophisticated training from top vocational schools. He learned the trade by observing the tricks of the trade, which taught him the importance of demand and supply. He is a keen observer who understands where further demand may arise and believes in seizing the early opportunity.
Adani built a 2 km long airstrip in its port, capable of accommodating larger aircraft. It's the only harborage in India to have an heliport. He has plans to make it fully functional to manage the transportation of high value, low volume goods like diamonds and medicine.
Stick to your values
He is known to have a strong values and an unwavering attitude. He remarked on several occasions that 'working with the government doesn't mean you have to pay bribes'.
Shift your focus to long-term value creation
His strong business understanding made him realize the importance of understanding the demand of fellow industrialists and competitors for long term prospects and profits. And his literacy ultimately helped him establish a monopoly.
Adani was ranked the third most notable individual in India by India Today in 2019. His life is the story of how focus and determination can help a man transform his humble beginnings to become one of the most successful industrialists of his generation.
Sometimes reading the stories of successful personality gives us the direction in life that we had sought.
Comments
Post a Comment