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Indian businessman and Asia’s richest man, Gautam Adani, spoke on Sunday about his entrepreneurial journey that has boosted the group’s market capitalization to more than US$225 billion. Adani, who dropped out of formal education at the age of 16, said he regretted not finishing college at the ceremony of his 75th anniversary in Vidya, Gujarat. Told. The billionaire businessman said his early experiences made him smarter, but his formal education quickly broadened his knowledge, PTI reported. (Also read | ‘I could have been’: Gautam Adani says he shaved during 26/11 attacks)
“Looking back on my life and the many moments that have taken place, I am now convinced that if I had gone to college I would have benefited from it. I now realize that formal education spreads knowledge rapidly,” said PTI. I quoted Mr. Adani, who spoke mainly in Gujarati.
“Wisdom requires experience, but knowledge requires study,” he added.
Adani spent his childhood in Banaskantha, Gujarat before moving to Ahmedabad where he completed four years of secondary education. In 1978, he bought a train ticket and boarded his mail to Gujarat for Mumbai and began his entrepreneurial path.
“I was just 16 when I chose to give up my education and move to Mumbai,” he said. “In this connection, a question I am often asked is why did I move to Mumbai and not work with my family? The boy’s optimism and desire for independence is hard to contain. All I knew was that I wanted to do something different.
“When I arrived in Mumbai, my cousin Prakashbhai Desai enrolled me in Mahendra Brothers, where I started learning diamond assortment.I immediately started my business and worked for Mahendra Brothers for about three years. After that, I retired and started a diamond brokerage business, which is traded on Zaveri Bazar,” he said. “I still remember the first day I did business with a Japanese buyer. ¥10,000”
Adani, 60, started as a trader and has rapidly diversified, expanding his empire around ports and mining to include airports, data centers, cement and green energy.
He said first-generation entrepreneurs “mostly start with unique advantages.”
“The advantage of having nothing to lose. This belief is their strength. In my own opinion, this was liberating.
“I had nothing to prove to anyone, but I had the opportunity to prove to myself that I could stand up. There is nothing to risk by diving into uncharted waters.” It was a part of me.”
(with PTI input)
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