For fiscal year 2025, the Adani Group’s total contribution to the exchequer increased by 29% to Rs 74,945 crore, from Rs 58,104 crore in FY 2023–24, through its portfolio of listed entities. Of the total contribution of Rs 74,945 crore, direct contributions stood at Rs 28,720 crore, indirect contributions stood at Rs 45,407 crore, while other contributions added at Rs 818 crore.
To put it in perspective, Rs 74,945 crore is roughly the cost of building the entire Mumbai Metro network—an infrastructure lifeline for millions of people. It’s also nearly enough to host a modern-day Olympics.
Among its publicly listed entities, the leading contributors include Adani Enterprises Limited (AEL), Adani Cement Limited (ACL), Adani Ports and Special Economic Zone (APSEZ), and Adani Green Energy Limited (AGEL).
The details are covered in the independent annual reports published by seven of the group’s listed entities—Adani Enterprises Limited, Adani Ports and Special Economic Zone Limited, Adani Green Energy Limited, Adani Energy Solutions Limited, Adani Power Limited, Adani Total Gas Limited, and Ambuja Cements Limited. The figure also includes the tax paid by three other listed companies—NDTV, ACC and Sanghi Industries—that are held by the seven companies.
What Else For Adani Group
The group has also published a document titled ‘Basis of Preparation and Approach to Tax’ on the websites of its seven entities, which provides a complete breakdown of Adani Group’s global tax and other contributions. It includes:
- Direct Contributions like global taxes, duties and other charges borne by Adani portfolio of companies
- Indirect Contributions like global taxes and duties collected and paid on behalf of other stakeholders
- Other Contributions like social security etc contributed for the benefit of the employees
Adani Group considers tax transparency as an integral part of its broader ESG framework. Through this voluntary initiative, the Group aims to demonstrate its commitment to transparency, foster stakeholder trust and contribute to a more accountable global tax environment. The group strives to harmonize growth with social responsibility, aiming to transform India’s infrastructure landscape while promoting innovation and creating long-term value for stakeholders.
About Tax Transparency Report (TTR)
With the global tax environment entering a new age, forward-looking companies are voluntarily bringing out the Tax Transparency Report, even though the same is not mandatory. Through the report, such companies seek to drive wider stakeholder attention and greater credibility, besides creating the basis for the highest standards of tax transparency.
The group has engaged a professional agency to provide an independent assurance report on its global contribution to the exchequer. This information is included in the Tax Transparency section of the annual report and provides details on the various types of taxes and other contributions paid by the group companies globally, as well as the group’s approach to tax.
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