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The Adani group, one of the largest and most diversified conglomerates in India, has been in the spotlight for its meteoric rise in wealth and influence in the past decade. The group, led by billionaire Gautam Adani, has interests in sectors such as ports, logistics, power, mining, oil and gas, agro, and renewable energy. The group has also been involved in several controversies and allegations of environmental violations, crony capitalism, and tax evasion.
One of the claims often made by the supporters of the Adani group is that it has provided millions of jobs to the Indian economy and contributed to the development and growth of the country. However, a closer look at the data and facts reveals a different picture. The Adani group has not created as many jobs as it claims, and its employment generation record is far behind its peers and competitors in the Indian corporate sector.
The Adani Group is one of the largest and most diversified conglomerates in India, with interests in sectors such as ports, logistics, power, mining, oil and gas, agro, and renewable energy. The group, led by billionaire Gautam Adani, has been in the spotlight for its meteoric rise in wealth and influence in the past decade. The group has also been involved in several controversies and allegations of environmental violations, crony capitalism, and tax evasion.
How many employees work with Adani Group in 2024?
The Adani group has around 43,000 in 2024, as per the Adani Career Site. However, this is still a very low figure compared to the size and scale of the group’s operations and assets. The Adani group has a debt of about $102 billion, or about 8.5 lakh crore rupees, as of 2024.
However, this is still a very low figure compared to the size and scale of the group’s operations and assets. The Adani Group has a debt of about $102 billion, or about 8.5 lakh crore rupees, as of 2024. This means that the group provides only 29 jobs per 1000 crore rupees of assets. This is a very poor ratio of employment generation, especially when compared to other leading Indian companies and sectors.
For instance, the Tata Group, one of the oldest and most respected conglomerates in India, has a market value of $370 billion, or about 30.7 lakh crore rupees, as of 2024. The group has around 8 lakh employees, as per its website. This means that the group provides 261 jobs per 1000 crore rupees of assets, which is 10 times more than the Adani group.
Similarly, the Reliance group, another major player in the Indian economy, has a market value of $240 billion, or about 20 lakh crore rupees, as of 2024. The group has around 4 lakh employees, as per its website. This means that the group provides 201 jobs per 1000 crore rupees of assets, which is 7 times more than the Adani group.
Highest job creator companies in India
| Rank | Employer | Employees | Year |
|---|---|---|---|
| 1 | Tata Group | 1,028,000 | 2023 |
| 2 | Quess Corp | 547,000 | 2023 |
| 3 | Reliance Industries | 389,414 | 2023 |
| 4 | Infosys | 314,015 | 2022 |
| 5 | Coal India | 248,550 | 2022 |
| 6 | State Bank of India | 245,642 | 2021 |
| 7 | Wipro | 231,671 | 2021 |
| 8 | HCL | 208,877 | 2022 |
| 9 | Patanjali Ayurved | 200,000 | 2021 |
| 10 | Aditya Birla Group | 187,000 | 2023 |
| 11 | HDFC Bank | 177,000 | 2023 |
| 12 | ICICI Bank | 130,542 | 2022 |
| 13 | Tech Mahindra | 125,000 | 2021 |
| 14 | Life Insurance Corporation of India | 114,000 | 2021 |
| 15 | Punjab National Bank | 103,000 | 2021 |
The data and facts clearly show that the Adani group is not the messiah of jobs or the king of employment, as some of its fans claim. The group has created very few jobs with its assets and wealth, and has lagged behind other Indian companies and sectors in terms of employment generation. The group has also been accused of exploiting its workers and violating labour laws in some of its projects.
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