Who Owns Adani Power Limited Company?

Adani Power Limited Bundle

Get Full Bundle:

	BCG	$15	$10
	5 FORCES	$15	$10
	CANVAS	$15	$10
	4P's MIX	$15	$10
	PESTLE	$15	$10
	SWOT	$15	$10

TOTAL:

ADD TO CART

Who Owns Adani Power Limited?

Understanding Adani Power Limited's ownership is key to grasping its market influence and strategic direction. Incorporated in 1996, this major Indian power producer is a significant entity within the energy sector.

Adani Power, a cornerstone of the Adani Group, has grown into one of India's largest private thermal power generators. Its operations span generation, transmission, and distribution, supplying electricity nationwide.

The ownership of Adani Power Limited is primarily held by the Adani Group, led by Gautam Adani. As of July 2025, the Adani family and entities associated with the Adani Group maintain a controlling stake in the company. This substantial ownership underpins the group's strategic decisions and operational oversight. The company's installed capacity reached 18,150 MW as of July 2025, highlighting its significant presence in the Indian power market. Analyzing the Adani Power Limited BCG Matrix can further illuminate its market position and growth potential.

Adani Power Limited was incorporated on August 22, 1996, marking its establishment as a public company. While precise initial equity splits are not publicly detailed, Gautam Adani founded the Adani Group in 1988, with Adani Power emerging as a subsidiary. The Adani family has consistently held a significant controlling stake in the company since its inception.

Founding Vision

Adani Power Limited began its journey as a power trading company. The founding team's ambition was to establish a significant presence in India's power sector.

Adani Group Integration

Adani Power was established as a subsidiary within the broader Adani Group framework. This integration allowed for leveraging the group's resources and strategic direction.

Key Management

Gautam Shantilal Adani holds the position of Chairman (Non-Executive) of Adani Power. Rajesh Shantilal Adani serves as a Non-Executive Director on the board.

Early Ownership Structure

Public records do not extensively detail early backers, angel investors, or friends and family who acquired stakes during the initial phase. Information on early agreements like vesting schedules or founder exits is also not readily available.

Adani Family's Role

The Adani family, through various entities, has historically maintained a significant controlling stake in Adani Power Limited. This reflects their foundational involvement and ongoing influence.

Company's Initial Operations

The company's initial operations focused on power trading. This laid the groundwork for its subsequent expansion into power generation and other related activities.

The Adani family's enduring controlling interest in Adani Power Limited underscores their foundational role and strategic direction for the company. This significant ownership has been a consistent factor in the company's growth and its position within the broader Adani Group's expansion into the energy sector, which is further detailed in the Target Market of Adani Power Limited.

Founders and Early Ownership Details

While specific details regarding early equity splits, angel investors, or founder exits are not extensively documented in recent public financial reports, the Adani family's substantial controlling stake has been a constant since Adani Power Limited's incorporation in 1996.

• Adani Power Limited was incorporated on August 22, 1996.
• Gautam Adani founded the Adani Group in 1988.
• Adani Power was established as a subsidiary of the Adani Group.
• Gautam Shantilal Adani is the Chairman (Non-Executive).
• Rajesh Shantilal Adani is a Non-Executive Director.
• The Adani family has historically maintained a significant controlling stake.
• The company initially operated as a power trading entity.

Adani Power Limited SWOT Analysis

• Complete SWOT Breakdown
• Fully Customizable
• Editable in Excel & Word
• Professional Formatting
• Investor-Ready Format

GET TEMPLATE ➔

Adani Power Limited's journey as a public entity began with its Initial Public Offering (IPO) in July 2009, priced at ₹100 per share. This offering aimed to raise substantial capital, and the company's shares were subsequently listed on major stock exchanges in August 2009, marking a significant step in its ownership evolution.

The promoter group maintains a commanding presence in Adani Power Limited, holding 74.96% of the company's shares as of June 2025, a figure consistent with the preceding quarters. This substantial stake underscores the controlling interest held by the founding entities. Within this promoter holding, Indian Promoters account for 47.20% and Foreign Promoters for 27.76%. Key entities within the promoter group include Gautambhai Shantilal Adani & Rajeshbhai Shantilal Adani (on behalf of S. B. Adani Family Trust) with 36.86%, Flourishing Trade And Investment Ltd holding 11.46%, and Adani Tradeline Private Limited with 10.34%. Institutional investors also play a significant role, with Foreign Institutional Investors (FIIs) increasing their stake to 12.46% in June 2025, an increase from 12.36% in March 2025. Mutual Funds have also seen a rise in their holdings, reaching 1.76%. Overall, institutional investors collectively hold 14.22% of the company's shares. Retail investors represent 10.82% of the shareholding, comprising approximately 18 lakh individual investors. This distribution highlights a strong promoter control balanced by growing institutional and retail participation, reflecting the company's public profile and Brief History of Adani Power Limited.

Key Stakeholder Breakdown

Understanding the ownership structure is crucial for assessing corporate governance and strategic direction.

• Promoter group holds a dominant 74.96% stake.
• Foreign Institutional Investors (FIIs) are increasing their participation.
• Retail investors collectively own over 10% of the company.
• The management structure is influenced by the significant promoter holding.

Adani Power Limited PESTLE Analysis

• Covers All 6 PESTLE Categories
• No Research Needed – Save Hours of Work
• Built by Experts, Trusted by Consultants
• Instant Download, Ready to Use
• 100% Editable, Fully Customizable

GET TEMPLATE ➔

The Board of Directors of Adani Power Limited is instrumental in guiding the company's strategic direction and ensuring robust corporate governance. As of July 2025, the board includes key figures such as Gautam Shantilal Adani as Chairman (Non-Executive) and Rajesh Shantilal Adani as a Non-Executive Director. Anil Sardana holds the position of Managing Director, supported by directors like Chandra Iyengar, Dilip Kumar Jha, Sushil Kumar Roongta, Deepak Sanatkumar Pandya, Sangeeta Singh, and Shersingh Khyalia, with S. K. Roongta continuing as an Independent Director.

Adani Power Limited adheres to a standard one-share-one-vote system, a common practice for publicly traded entities in India. A significant corporate action was the approval of a 1:5 stock split, effective August 1, 2025, which converted each ₹10 face value equity share into five shares of ₹2 face value each. This move is designed to enhance share affordability and accessibility for a broader investor base, potentially boosting liquidity. The promoter group maintains a substantial stake, holding approximately 74.96% of the company's shares as of June 2025, which signifies their considerable influence over the company's operations and strategic decisions. There have been no recent public reports indicating significant governance challenges or activist interventions impacting the company's decision-making processes.

Understanding Shareholder Influence

The voting power within Adani Power Limited is primarily concentrated with its promoter group. This structure ensures a stable majority in shareholder decisions.

• The promoter group holds approximately 74.96% of shares as of June 2025.
• The one-share-one-vote principle governs shareholder rights.
• A 1:5 stock split in August 2025 aims to increase retail investor participation.
• Board appointments are subject to shareholder approval, reflecting their ultimate authority.
• Understanding Mission, Vision & Core Values of Adani Power Limited provides context for board decisions.

Adani Power Limited Business Model Canvas

• Complete 9-Block Business Model Canvas
• Effortlessly Communicate Your Business Strategy
• Investor-Ready BMC Format
• 100% Editable and Customizable
• Clear and Structured Layout

GET TEMPLATE ➔

Over the past few years, Adani Power Limited has experienced substantial growth and strategic acquisitions, significantly expanding its operational capacity. These developments reflect a clear strategy to consolidate its position in the power generation sector and enhance shareholder value.

Recent strategic moves by Adani Power Limited include the acquisition of several power generation assets, such as the 1,200 MW Moxie Power Generation, 600 MW Korba Power, and the 500 MW Adani Dahanu Thermal Power Station. The acquisition of Vidarbha Industries Power Ltd (VIPL) for ₹4,000 crore, finalized on July 7, 2025, was a key step, boosting its operational capacity to 18,150 MW. This acquisition aligns with the company's objective to revitalize underperforming assets and solidify its standing as India's largest private base load power producer, with a future target of 30,670 MW by 2030. Furthermore, a significant Power Purchase Agreement (PPA) for 1,500 MW with Uttar Pradesh Power Corp. Ltd. was secured in May 2025, spanning 25 years.

Ownership Stability and Growth

The promoter holding in Adani Power Limited has remained consistent at 74.96% as of June 2025, indicating a stable controlling interest. This steady promoter stake is a key factor in the company's strategic direction and governance.

Increased Institutional Investment

Foreign Institutional Investors (FIIs) and Mutual Funds (MFs) have shown a marginal increase in their holdings during the Q2 FY26 period. FIIs' stake rose to 12.46%, while MFs increased their share to 1.76%, suggesting growing confidence from institutional investors.

Corporate Actions for Liquidity

Adani Power Limited's board approved a 1:5 stock split on August 1, 2025, to improve share liquidity and accessibility for retail investors. This move is expected to potentially boost retail participation, which stood at 10.82% in July 2025.

International Expansion and Strategy

The company established Adani Power Middle East Ltd in Abu Dhabi on August 26, 2024, marking an expansion into the Middle East for power and infrastructure investments. This international venture complements its domestic growth strategy and provides insights into the Competitors Landscape of Adani Power Limited.

Adani Power Limited Porter's Five Forces Analysis

• Covers All 5 Competitive Forces in Detail
• Structured for Consultants, Students, and Founders
• 100% Editable in Microsoft Word & Excel
• Instant Digital Download – Use Immediately
• Compatible with Mac & PC – Fully Unlocked

GET TEMPLATE ➔