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Adani Hails Vishakha Group's 25-Year Rise as Story of Trust & Shared Destiny

Gautam Adani delivered a keynote address celebrating the 25th anniversary of the Vishakha Group, framing its success as a narrative of conviction and shared destiny rather than mere contracts. He recounted the partnership's origins in the early 1990s, when a global polymer crisis and Jigish Doshi's principled stance cemented a bond of trust. Adani highlighted Vishakha's industrial achievements, including building India's largest solar-glass furnace in just 24 months. He signaled that the partnership remains "incomplete," with ambitions for significant future growth in renewables and advanced materials.

Key Points: Gautam Adani on Vishakha Group's 25-Year Partnership

  • 25-year industrial partnership
  • Forged during 1990s polymer crisis
  • Built on integrity over profit
  • Home to India's largest solar-glass furnace
  • Poised for larger renewable ambitions
2 min read

Vishakha Group's rise a story of conviction, trust and shared destiny: Gautam Adani

Gautam Adani celebrates Vishakha Group's 25th anniversary, calling its rise a story of conviction, trust, and a shared destiny forged during a 1990s crisis.

"was the birth of a friendship built on trust, fairness, and principles. - Gautam Adani"

New Delhi, Jan 17

Delivered a reflective and powerful address at the 25th anniversary celebration of the Vishakha Group, Adani Group Chairman Gautam Adani on Saturday called the company's rise a "story not of contracts, but of conviction, trust, and shared destiny."

Speaking before employees, partners, and members of the founding Doshi family, Adani traced the origins of Vishakha's partnership with the Adani Group back to 1992, highlighting how a crisis in the global polymer trade laid the foundation for a business relationship - and friendship - that would evolve into one of India's most admired industrial collaborations.

Gautam Adani traced the origins of Vishakha's partnership with the Adani Group back to 1992, highlighting how a crisis in the global polymer trade laid the foundation for a business relationship - and friendship - that would evolve into one of India's most admired industrial collaborations.

The Adani Group Chairman recounted the turbulence following the Gulf War when supply chains collapsed and India faced severe rupee devaluation.

With polymer imports plunging and factories across India staring at shutdowns, Adani Exports (now Adani Enterprises) was forced to halve supplies to distributors.

In that period, he said, "many traders saw the shortage as an opportunity," but Jigish Doshi chose responsibility over profit. Instead of negotiating for more allocation, he approached Adani with a group of small customers to explain the human and industrial impact of the crisis.

Impressed by Doshi's integrity, Adani decided to supply directly to him, extending credit and bypassing layers of distributors. That moment, he said, "was the birth of a friendship built on trust, fairness, and principles."

Highlighting Vishakha's industrial achievements, Adani called the Group's solar‑glass facility "a national capability." Within just 24 months, the company built India's largest solar‑glass furnace, a 660‑ton‑per‑day facility that he said matches the world's best.

A far more ambitious Phase 2, now underway, aims to nearly double capacity to 1,260 tons per day, making it the largest such furnace ever constructed in India.

Gautam Adani further said that "the picture is still incomplete" - signalling that the Vishakha‑Adani partnership is poised for much larger ambitions in India's renewable and advanced materials sectors.

- IANS

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Reader Comments

S
Sarah B
As someone working in the renewable sector, the scale of that solar-glass furnace is mind-blowing. Doubling capacity to 1260 tons/day? That's serious commitment to India's green energy goals. Hope this partnership drives down costs for solar panels across the country.
A
Aditya G
Heartwarming to read about the human side of business. In 1992, when many would have chased short-term gains, Doshi ji thought of the small customers and the larger impact. That's real 'Vyapaar ki Sanskriti'. Wishing both groups continued success.
M
Michael C
While the story is commendable, I hope this "shared destiny" extends to all stakeholders, including workers and the communities around these large plants. Sustainable growth must be inclusive. The ambition is impressive, but the execution on the ground matters just as much.
P
Priya S
Building India's largest furnace in just 24 months? That's what we call 'Indian speed'! 🚀 This is exactly the kind of manufacturing prowess we need for Aatmanirbhar Bharat. Can't wait to see what the "incomplete picture" turns into. More such partnerships, please!
K
Karthik V
The 1992 rupee crisis was a tough time for many businesses. It's fascinating how adversity forged this strong alliance. Goes to show that sometimes the biggest opportunities are born from the biggest challenges. A lesson for young entrepreneurs.

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