Adani AGM 2025: Objective Is To Build Valuation, Says Gautam Adani

The Adani Group's objective is not to chase valuation, but to build it brick by brick, said Chairman Gautam Adani at its 33rd Annual General Meeting on Tuesday.

"As I have stated in the past, our objective is not to just build businesses—it is to create new possibilities...Not just to serve markets – but to serve our nation’s destiny. Not to chase valuation. But build valuation – brick by brick," the chairman said at the annual general meeting of the group.

Adani highlighted that the Group's capital investment across businesses is set to break all records. "We anticipate an annual capex spend of $15–20 billion for the next five years. These are not just investments in our Group, but investments in the possibilities for doing our part to build India’s infrastructure," he said.

Adani said that a nation’s future is not written in policy documents – it is written in the risks its entrepreneurs dare to take. "We are not laying concrete. We are laying conviction – highways that carry ambition, ports that ship hope, and grids that light up futures. And history should remember us – not for the size of our balance sheet, but for the strength of our backbone. Not for the markets we entered, but for the storms we handled and emerged stronger. For it is easy to lead in sunshine, but true leadership is forged in the face of crisis," he said.

"I promise you that the legacy of the Adani Group will not be reflected in the height of the towers it builds – but in the height of the beliefs we execute on. That is our truth. That is our promise," he said.

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