The Managing director of Adani Group, Rajesh Shantilal Adani is making headlines ever since Hindenburg Research, which is an investment research firm, has published a report on the group, know his net worth
For those who are unversed, let us tell you, the investment research group, Hindenburg, has published a report on Wednesday and revealed the evidence that the group has been engaged in a “brazen stock manipulation and accounting fraud scheme over the course of decades.”
After learning about the Multinational conglomerate company’s “manipulation,” netizens want to know more about the Managing director of the company. So, here are all the details that you want to know more about him.
Who is Rajesh Shantilal Adani brother of Gautam Adani, his net worth in 2023, family, wife and daughter
Who is Rajesh S Adani?
For those who are unfamiliar, let us tell you Rajesh S Adani has been a vital part of the group since its inception.
If you’re unsure, let us clear, Mr. Rajesh is one of the well-known men in Indian business. He serves as the Managing Director of Adani Power as well as Adani Enterprises.
With his positive, personalized approach towards the business and competitive spirit, he has helped various organizations and companies to grow.
As per the official website of the adani group, Mr. Rajesh presently spearheads the Group’s Energy vertical. He is the younger brother of Gautam Adani, who’s the chairperson and founder of Adani group.
The Hindenburg Research noted that the younger brother of the founder was accused by DRI for playing a central role in diamond trading import/export scheme and reportedly was arrested twice in 1999 and 2010.
The shares were held by Gautam S Adani, chairman, Adani Group, and Rajesh S Adani, managing director, on behalf of SB Adani Family Trust, and comprise 1.01% of the Adani Ports' share capital.
– pic.twitter.com/6qM21r20zB— Stock Consultant Bihar (@biharconsultant) August 30, 2020
As per various reports, he got a degree in Bachelor of Business aka B.Com Level from a college in Gujarat. The businessman was born in a Gujarati Jain family in Ahmedabad to Shantilal and Shanta Adani.
In 2011, he obtained a top-ranked recognition within the power generation field after the supercritical technology-based energy power plant in Gujarat received a National Power Conservation Award from the Minister of Energy.
If you’re not familiar with what the Adani Group does, let us clear, the group is a globally integrated national infrastructure player with several companies spanning coal buying and selling, coal mining, essential oil and gas pursuit, ports, energy generation among many more.
In the relative short amount of time, the group has reached great heights due to sheer effort, dedication and devotion of Mr. Gautam Adani.
Rajesh has contributed to the industrious team at the group. The group employs over 8,500 individuals. The head office of the group is located in Ahmedabad.
As per corporate shareholdings filed for December 31, 2022, Rajesh Shantilal Adani publicly holds 6 stocks with a net worth of over Rs. 82,968.1 Cr. Gautam Adani is currently worth $96 billion.
Rajesh’s father was Shantilal and his mother was Shanti Adani and he has seven siblings and the eldest is Mansukhbhai Adani, a Gujarati family born in Mumbai. The wife or children details of Rajesh aren’t known.
ALSO READ: My Dad Is Too Strong chapter 116 release date, Reddit manga spoilers, where to read