Gautam Adani Says 'Storms That Tested Us Fueled Our Strength'

Billionaire chairman Gautam Adani sees extraordinary possibilities for the Adani Group, with the best yet to come following the group's stellar comeback after the two-pronged attack by US short-seller Hindenburg.

The challenges the group overcame last year have strengthened its resolve, and they draw inspiration from the very resilience that India embodies, Adani said in the annual report. "The road ahead is paved with extraordinary possibilities, and I can promise you that the Adani Group today is stronger than it has ever been."

A two-pronged attack by the US-based short-seller, Hindenburg Research, targeted the group on the financial and political fronts, which led to a multi-dimensional crisis, Adani said.

But the Supreme Court's clean chit to the group shows the commitment to operational excellence and transparent disclosures, which was validated not only by rating agencies but also by global investors, Adani said. "The storms that tested us became the very ones that fueled our strength."

The road ahead is paved with extraordinary possibilities, and the chairman promised that the Adani Group today is stronger than it has ever been.

"This isn’t just about building businesses; it’s about building a nation. Hum Karke Dikhayenge! The best is yet to come."

Adani Enterprises Ltd., the flagship company of billionaire Gautam Adani, recouped all losses that were triggered by the short-seller Hindenburg Research's allegations. Besides Adani Enterprises, five of the 10 listed Adani Group stocks have seen the levels they were before the Hindenburg report.