Scandal Alert? What Does Sucheta Dalal’s Tweet Mean?

 The Prospering Subsidiaries of Adani Group

Dear readers, before we talk about the speculation regarding Adani Group and Sucheta Dalal, let us see how Adani Group has been performing on the financial front. 

Annual returns of Adani Group companies

The graphs clearly indicate that most of the listed companies of Adani registered splendid financial performance in FY20-21. Furthermore, the investors gained decent returns. 

Things do not end here. 

In the year 2020-21 when major companies were witnessing a downward trend, Adani Group was writing a different saga of success. 

Here is a glimpse of how it saw the frog’s leap rise in the last fiscal year. 

Performance of Adani Group over years. 

Highlights of the Meteoric Rise in 2020

Without going much into the deep, given below are data points that emanate Adani Group’s growth story. 

In the span of the last year, the market  of all the six listed firms of Adani Group has grown by almost 5 times.

In the last year, Adani Group has churned a sum of Rs 25,000 crores through those acquisitions. 

The total market capitalization of the 6 listed Adani subsidiaries was Rs 1.64 lakh crores in May 2020. But, this figure jumped by 420% in a year. 

And, as of May 2021, the total market capitalization of all the 6 subsidiaries stands around Rs 8.5 lakh crores. 

The flagbearer of Adani Group, the Adani Enterprises’s share price took a leap of 235% in the past year.