BUSINESS: After the change of government in the country in 2014 and Narendra Modi becoming the Prime Minister, good growth was recorded in the business of Mukesh Ambani and Gautam Adani’s companies. Statistics show that during 2014-2019, Mukesh Ambani’s net worth increased by 130.58%, while during the same period, Gautam Adani’s net worth increased by 114.77%. However, the launch of Reliance Jio in 2016 was the main reason for the growth in Mukesh Ambani’s net worth.
Whenever there is talk of rich industrialists of India, the first names that come to mind are Ambani and Adani. According to Hurun India Rich List, currently Mukesh Ambani’s net worth is Rs 6.05 lakh crore, while Adani’s is around Rs 2.34 lakh crore.
Recently, due to the good growth of Adani Group companies, the group’s net worth has increased by about 67% between July 2020 and March 2021. Whereas, during the same period, there was a decline of 8% in the wealth of Mukesh Ambani.
Energy companies are increasing Adani’s weld power.
Anas Rehman Junaid, Managing Director of Hurun India, says that after 2018, the performance of companies like Adani Power, Adani Group and Adani Gas, which are associated with the energy sector, is very good. The contribution of energy and gas business in Adani’s wealth creation has increased rapidly in the last two years. This is the driving force for them at the moment.
Adani Group moved ahead in the stock market race
According to stock market experts, Gautam Adani Group companies have seen tremendous growth in the last one year. Shares of Reliance have also increased, but in comparison, the performance of 6 listed companies of Adani Group is quite good. Reliance Industries stock has increased by approximately 41% between March 2020 and 2021. At the same time, a jump of 182 to 728% was seen in the listed companies of Adani Group.
