Adani Enterprises
Adani Enterprises Limited is an Indian multinational publicly listed holding company and a part of Adani Group. It is headquartered in Ahmedabad and primarily involved in mining and trading of coal and iron ore. Through its various subsidiaries, it also has business interests in airport operations, edible oils, road, rail and water infrastructure, data centers, and solar manufacturing, among others.
History
The company was incorporated in 1993 under the name Adani Exports Limited. It mainly deals with the group's integrated resources management, power trading, and natural resources businesses on a standalone basis. Its general purpose is to act as an in-house incubator for Adani Group's new businesses until they become self-sustainable.Subsidiaries
Adani Enterprises is involved in edible oils foods, airport operations, solar PV manufacturing, road, water infrastructure, data centers, agri-output storage and distribution, defence and aerospace, bunkering, shipping, rail and metro infrastructure, oil exploration, petrochemicals, mass media, green hydrogen, copper, aluminium, and online services.Subsidiaries of Adani Enterprises include:
Adani Defence & Aerospace
It is a defense manufacturing arm of the company. It manufactures with armed drones such as Drishti 10 Starliner UAV and small arms such as IWI Negev, Tavor TAR-21, and IWI ACE. As a part of a joint venture between Elbit Systems from Israel and Adani Defence and Aerospace, a manufacturing facility for unmanned aerial vehicle have been set up at Hyderabad, Telangana, inaugurated in 2019. In April 2020, Adani Defence Systems and Technologies acquired Alpha Design Technologies Pvt Ltd., an organization involved in the design, development, and manufacture of defense electronics and avionics.In September 2020, Adani acquired a 51 percent stake in PLR Systems Private Ltd which was incorporated in 2013 and engages in manufacturing and supply of indigenously built defense equipment to the armed forces. In May 2022, Adani Defence Systems and Technologies, a wholly owned subsidiary of Adani Enterprises, signed a definitive agreement to acquire a 50% stake in Bengaluru-based General Aeronautics. The company is involved with DRDO in Long-range Guided Bomb, VSHORAD, ULPGM, NASM-SR and Rudram-1.
In February 2024, Adani Defence & Aerospace inaugurated two ammunition and missile manufacturing facilities in the Uttar Pradesh Defence Corridor at Kanpur. Uttar Pradesh Chief Minister, Yogi Adityanath, inaugurated the Ammunition & Missiles Complex, marking the first phase of the state's defence corridor. These facilities are designed to produce various calibres of ammunition and missiles for the Indian armed forces and police. The complex spans 500 acres and will produce 150 million rounds of small-calibre ammunition, covering 25% of India's annual requirement.
In June 2024, Adani signed an agreement with Thales Group to locally manufacture 70 mm calibre FZ275 LGR rockets for Indian attack helicopters like HAL Rudra and HAL Prachand.
In June 2024, Adani Defence and Aerospace and EDGE Group, a UAE-based technology and defence organisation, entered a cooperation agreement. The collaboration covers missiles, weapons, unmanned systems, air defence products, and electronic warfare technologies with potential R&D and production facilities in India and the UAE.
In May 2025, Adani Defence & Aerospace has signed a binding collaboration agreement with , a group company of Elbit Systems, to manufacture anti-submarine sonobuoys in India.
Embraer and Adani Group of India signed a memorandum of understanding in December 2025 on setting up a final assembly line in India for commercial aircraft having a seating capacity of 70–146 passengers. Adani Defence & Aerospace signed an agreement with Embraer on 27 January at the Wings India to develop an integrated regional transport aircraft ecosystem in India. Firstly, an assembly line will be established followed by a phased increase in indigenisation to support India’s Regional Transport Aircraft program under the UDAN programme.
Adani-Elbit Advanced Systems
Adani Enterprise and Elbit Systems formed the joint venture business in 2016. It will produce military drones like Hermes 900. Located in Hyderabad, it is the sole Hermes 900 production facility outside of Israel. The first private UAV manufacturing plant in India, the Adani Elbit Unmanned Aerial Vehicles Complex, began operations in December 2018. The factory started off producing full carbon composite aerostructures for Hermes 900 and Hermes 450 for international markets. It increased production to include the construction and integration of entire UAVs. The business began exporting the Hermes 900 by 2020 and set up a Design and Development Center to collaborate on the development of defense technologies.The company was one of the 14 recipients of the production-linked incentive program for drone and drone component manufacturing in 2022.
Adani Airport Holdings
Adani Airport Holdings is the airport management and operations subsidiary. It is the majority stakeholder in Mumbai International Airport Limited, which owns the Chhatrapati Shivaji Maharaj International Airport and the under-construction Navi Mumbai International Airport.According to media reports as of 2023, Adani Enterprises operates seven airports, acquired during the government's initial privatization initiative. These include Mumbai, Ahmedabad, Lucknow, Thiruvananthapuram, Jaipur, Guwahati, and Mangaluru.Adani Mining
Adani Enterprises operates its mines in India, Indonesia and Australia, and supplies coal to Bangladesh, China, and some countries in Southeast Asia. It has a coal mine in Bunyu, North Kalimantan, Indonesia, which produced 3.9 Mt of coal in 201617. The Group has made the largest investment by an Indian company in Australia at the controversial Carmichael coal mine in the Galilee Basin, Queensland. Development of this mine is as of 2020 the subject of a court challenge to the Australian Government over its lack of adherence to environmental legislation.In 2020, Adani Australia, the controversial Australian mining arm of Adani Enterprises was rebranded as Bravus Mining & Resources. The new subsidiary is responsible for developing Carmichael coal mine in Central Queensland.
Adani Road Transport
Adani Road Transport undertakes construction, operations and maintenance of roads, highways, expressways and tollways. The company has NHAI projects in the states of Andhra Pradesh, Chhattisgarh, Gujarat, Kerala, Madhya Pradesh, Maharashtra, Odisha, Telangana, and West Bengal. Adani road Transport bids the highest for the 124-km stretch of National Highway 38 with Rupees 1692 crores.In December 2021, it won the contract to build a 464 km stretch of the 594 km-long Ganga Expressway in Uttar Pradesh.
Adani Shipping
Incorporated in 2006, Adani Shipping is a Singapore-based step-down subsidiary which operates a fleet of bulk carriers. In 2011, it began transporting coal from the group's mines in Indonesia and Australia.Adani Rail and Metro Transport
Established in October 2019 as a full-owned subsidiary of AEL, Adani Metro Transport Limited undertakes metro rail projects. Adani group also have their private railway Network.Adani Solar
Adani Solar is the solar PV manufacturing and EPC subsidiary of Adani Enterprises. As of November 2020, it is the largest integrated solar cell and module manufacturer in India.Adani New Industries
Adani New Industries was incorporated in January 2022 as a wholly owned new energy subsidiary of Adani Enterprises. It undertakes green hydrogen projects such as low-carbon power generation, as well as the manufacture of hydrogen fuel cells, wind turbines, solar modules and batteries.Adani Water
It was founded as a subsidiary in December 2018, with a focus on water infrastructure construction. It is currently involved in wastewater treatment, recycle and reuse projects at Prayagraj under the National Mission for Clean Ganga Framework.Adani Welspun Exploration
Adani Welspun Exploration is a 65:35 joint venture between Adani Group and Welspun Enterprises. It is involved in oil and gas exploration.Kutch Copper
Kutch Copper is a wholly owned subsidiary of Adani Enterprises which was incorporated in March 2021 to manufacture copper cathodes, copper rods and other copper products. In 2022, the company was reported to be setting up a greenfield copper refinery complex at Mundra with 1 million tonnes per annum capacity, expected to commence production in 2024.Adani Agri Fresh
Adani Agri Fresh is involved in procurement, packaging, logistics and marketing of apples produced by farmers in Himachal Pradesh, as well as and other Indian fruits, under Farm-Pik brand. It also imports fruits from other countries and sells them in the Indian market.Adani Wilmar
Incorporated in 1999, Adani Wilmar is a food processing company and a joint venture between Adani Enterprises and Wilmar International. In November 2000, Adani Wilmar launched its flagship brand "Fortune" under which it produces and sells edible oils including sunflower oil, palm oil, soybean oil, mustard oil, rice bran oil, cottonseed oil, groundnut oil and vanaspati. Apart from edible oils, it sells flour, rice, pulses, sugar, soya nuggets and instant food mixes. The company makes personal care products like soaps, handwash and hand sanitizers under "Alife" brand. It makes industrial use products comprising oleochemicals, castor oil and lecithin.The company went public in January 2022 with an initial public offering, after which Adani Enterprises and Wilmar International continued to hold a combined 88% stake in Adani Wilmar.
On December 30, 2024, Adani Enterprises announced plans to sell its entire 44% stake in Adani Wilmar in a $2 billion deal. The transaction includes Wilmar International acquiring a 31% stake, with the remaining 13% to be sold in the open market to meet regulatory norms.