Adani Exports Limited: From Trading to Conglomerate Adani Exports, founded in 1988 with a capital of ₹5 lakhs, rapidly transformed from a commodity trading firm into a sprawling conglomerate. The establishment of Mundra Port in 1990 provided a crucial logistical advantage, fueling its growth. By 1998, it emerged as India's top net foreign exchange earner. Diversification into coal trading (1999) and edible oil refining (2000, via Adani Wilmar) marked significant milestones. Mundra's expansion, handling 4 Mt of cargo by 2002, established it as India's largest private port. Subsequent coal imports reached 11 Mt by 2006, solidifying Adani's dominance. Acquisitions of the Bunyu Mine (Indonesia, 2008) and the Galilee Basin mine (Australia) significantly boosted its coal reserves. Simultaneously, the group ventured into power generation, reaching 3,960 MW capacity by 2011, becoming the largest private sector thermal power producer. Strategic acquisitions continued, including Abbot Point Port (Australia, 2011) and Dhamra Port (India, 2014). The group's focus shifted to resources, logistics, and energy, resulting in Adani Power becoming India's largest private power producer in 2014. Further expansion into renewable energy, with significant investments in solar power projects and the acquisition of SB Energy (2021), showcases its commitment to diversification. Recent acquisitions include Ambuja Cements and ACC (2022), cementing its position as a major player in the Indian cement industry. Strategic partnerships with global players like TotalEnergies highlight Adani's international reach and influence.