We are living in a world where social media is ruling the entire world. It wouldn’t be wrong to say that our life revolves around social media. From making friends to connecting with people and to sharing our life, everything is possible and is done through social media. One of the most popular social media platforms has to be Instagram.
Instagram can be used for so much more than just photo sharing. From advertising to offering expert advice and motivation or running competitions and building relationships with your followers, there is a vast scope of business on Instagram. If you have always dreamed of starting your own business but do not want to go for the brick and mortar type of business, then Instagram is an option you should explore.
Instagram is a free mobile photo and video sharing app with over 80 million users. A lot of people do not know or underestimate the power of Instagram. With a monthly usage of over 700 million, Instagram is a very powerful tool if well harnessed. That’s why, in this article, we bring some cool and unique business ideas on Instagram for entrepreneurs. So let’s take a look at them.
One of the best Instagram business ideas and ways to make money from Instagram is by becoming an influencer. Instagram influencers are fellow users who due to the virtue of their fame, popularity, trustworthiness, and originality are able to persuade other users to take an action. To do this, you need to build up an audience in a specific niche — and there are a lot of different options — and then work with brands to share content related to their products or services.
Affiliate Marketing
Which Social Media Channels are most important for influencer marketing?
If you are intoaffiliate marketing, you would come to realize that its basic essence is to drive as much traffic as possible to your site through as many channels as possible. Instagram has over 700 million monthly active users and as such, it provides a great opportunity for making sales of your product. You can go to sites like Clickbank or amazon where you can become an affiliate marketer.
Real Estate
Real estate is obviously a multi-million dollar industry that employs thousands of Americans. However, people tend to not recognize the power that social media can have when properly harnessed. You can use your page to promote the properties that are under your portfolio for better outreach and publicity by displaying them on your page. Post images of the rooms and houses you have sold and the one you have up for sale, and of course your contact.
Photographer
Instagram is also a great platform for photographers to build a business around. Irrespective of, if you are a professional or an amateur photographer, you can still sell your photographs. If you have a lot of pictures on your phone, you can sell the photos on apps or you can promote them on your Instagram account.
If you’re an event photographer, one of the greatest Instagram business ideas is to share photos from the events you work on and then include an email address in your bio so new clients can flock to your page and contact you.
Sell Art and Handcrafted Items
A lot of people have started selling things they normally did as a hobby on Instagram. It could be art, prints, photography, sculptures, or handcrafted jewellery among others. You can sell these items on Etsy, eBay, amazon handmade, etc. You can list your products there and then make use of your Instagram page to publicize, promote, and market your craft to the world. You can have images of the products you have created on your profile, post reviews from satisfied customers, do unboxing videos of your products, etc.
Product Review
Product review is another option through which you can earn not only money but other benefits as well. People often check out reviews of products before buying them. You can build up your popularity and become a force to be reckoned with in online reviews. If you are good at offering video reviews and you have a large number of followers, companies will like to offer you their products to unbox and review so as to gain more popularity.
Product Review strategy
Social Commerce Seller
Social Commerce allows you to use your preferrable social media platforms which you can promote and sell products from. Through social commerce, it is possible to sell products directly on Instagram using a buy button or posting products for sale and then invoicing your followers who show interest. Alternatively, when customers indicate interest in a product, you can send them an invoice through which they can make payments.
Food Blogging
If you are a food enthusiast, then you will love this idea where you can explore different foods and also earn money. You can post about all of your favourite dishes at restaurants, pubs and Cafes and give information on the latest and best places to eat out, and then work with those food brands to build an income directly from your Instagram account.
Fashion Blogging
If you love fashion then Instagram is the best platform to share your love for fashion and earn money through it. You can share the outfits that you wear, in the platform and collaborate with the brands of those outfits. Fashion Blogging has increased in recent times and brands have realised what power Instagram holds, so they are collaborating with users to reach more people.
DIY Experts
DIY or Do It Yourself content popularity has been increasing on social media. People love these hacks that can make their life easier and more comfortable. You can post the DIY project and tutorials on your page, and of course, your followers get attracted to your project kits and get a lot of help from them. Collaborate with different brands and grow your business.
Conclusion
With the help of social media platforms, one can now do almost anything, earning with the help of them is not something difficult now. Instagram is a platform that your business cannot afford to miss out on. It is full of tools that allow you to advertise, build relationships with customers, show that you are the expert in your field and more. It’s time to put your creativity to the test and show them to the world and also earn through them.
FAQs
Who is the founder of Instagram?
Kevin Systorm is the founder of Instagram.
How many people use Instagram?
Instagram has over 1 billion active monthly users.
Mahindra Group is one of the most well-known Indian conglomerate company that has its headquarters based in Mumbai, Maharashtra. The company originally called as Muhammad and Mahindra and was established in 1945 by the brothers J.C Mahindra, K.C Mahindra and Malik Ghulam Muhammad. The conglomerate is considered to be one of the well-known reputable Indian industrial company and is also a leader in manufacturing utility vehicles including tractors in India.
The company enjoys a strong presence in sectors of real estate, agribusiness, aerospace, commercial vehicles, logistics, real estate, renewable energy, etc. Mahindra employees more than 2,40,000 people across 100 different countries.
Mahindra group started its operation in the steel business, but has now expanded to 22 industries such as aerospace, agribusiness, aftermarket, automotive, construction equipment, defence, energy, farm equipment, finance, insurance, industrial equipment, information technology, leisure, logistics, retail, education, hospitality, etc in 2020.
The CEO of Mahindra group is Anand Mahindra. The Mahindra Group has a $20.7 billion dollar federation of companies that aims in enabling people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities around the world.
The vision of the company is to empower enterprise everywhere and help in the growth of mobility, rural prosperity, IT, financial services, clean energy and business productivity.
In India, the company is very popular for their innovative IT solutions and reliable yet affordable automobiles. The company is so far successful because of its subsidiaries such as Club Mahindra Holidays, Mahindra Aerospace, Mahindra, Logistics Limited, Mahindra Lifespace Developers, Mahindra Electric Mobility Limited, Tech Mahindra, Mahindra & Mahindra Financial Services Limited and Mahindra & Mahindra Limited among others.
Mahindra Group started out as steel trading company more than seven decades ago, now it is a global brand spanning in various industries in more than 100 countries. Earlier known as Muhammad and Mahindra, the company was established in 1945 as a steel trading company by the brothers J.C Mahindra and Kailash Chandra Mahindra and Malik Ghulam Muhammad.
Post the partition of India in 1947, Malik Ghulam left the company and the country to immigrate to Pakistan where he became the first finance minister. This is why K.C Mahindra changed the name of the company to Mahindra & Mahindra in 1948. The company became a leader in the steel industry as also began trading steel with UK suppliers. It also was the company that began manufacturing Willys Jeeps in India in 1947.
It wasn’t until 1956, that the company got listed on Bombay stock exchange, by 1969 the company had entered international markets as an exporter of utility vehicles. Mahindra started its tractor division in 1982 and a tech division (now known as Tech Mahindra) in 1986. When Mahindra group became really big and got into many sectors in 1994, the company had to reorganize, dividing it into six business units like automotive , farm equipment, infrastructure, trade and financial services, IT and Automotive components.
Mahindra & Mahindra is currently one of the largest companies in India, as it was also ranked the top 200 most reputable companies in the world by Forbes in 2009. The Mahindra group then went on launch Mahindra rise a new corporate brand in 2011, in order to unite the company’s image across all industries and countries. Mahindra group entered the two wheeler market by taking over Kinetic motors in India.
In 2011, Mahindra brought a huge stake in the REVA Electric Car Company, the same year the company also acquired SsangYong Motors which is a South Korean company. From then onwards, the company started acquiring international companies like Peugeot Motorcycles and even Pininfarina Spa (an Italian car designer), Hisarlar (a farm equipment company), Erkunt tractors Sanayi (Turkish tractor maker), among others. This is how the Indian conglomerate paved its way to become a global powerhouse.
The history of Mahindra group
List of Mahindra Group Subsidiaries
Here are listed all the Mahindra Group Companies.
Mahindra & Mahindra Limited
Founded: 1945
Mahindra Group Limited
It is the flagship company of Mahindra group which is also a multinational automotive manufacturing corporation. Mahindra and Mahindra Ltd. is headquartered in Mumbai, Maharashtra and has more than 17,577 employees from over 100 countries across the globe. It is also one of the largest manufacturers of vehicles in India and the largest manufactures of tractors in the world.
Mahindra & Mahindra popular cars
Mahindra is known for its commercial vehicles, tractors, two wheelers and even construction equipment. In 2018, the company was ranked 17th in the top companies list in India by Fortune India 500. This company was started by K.C Mahindra after he was inspired by a jeep invented by Barney Roos, which he saw during a trip to America as Chairman of the India Supple Mission. The main competitors of Mahindra and Mahindra in India are:
The company has been so successful because of its subsidiaries which manufacture and market a wide range of utility vehicles. Mahindra & Mahindra also provides farm equipment services, steel trading, processing services, financial services, infrastructure development, hospitality services, information technology services, systech among numerous others.
Mahindra Finance is one the top tractor financers in the country as it provides various different financial products to its customers. The company so far has over 4.7 million customers and more than 1200 offices which is spread all across the country.
Mahindra Finance started its first branch in Jaipur in 1995 and began financing non Mahindra vehicles in 2002 and then went on to finance commercial vehicles and construction equipment in 2009.
The vision of Mahindra finance is to provide financial services in semi urban and rural India, as well as transform rural lives and drive positive change in the communities. This is why the company has one branch within the reach of every two villages in India.
The product portfolio of Mahindra finance includes vehicle finance for passenger vehicles, utility vehicles, tractors, commercial vehicles, construction equipment’s, etc.
It also provides SME finance which includes project finance, equipment finance, working capital finance. Mahindra finance is also known for its mutual fund distribution, fixed deposits and personal loans that are tailored as per the customer’s needs. So far the company has over 33,000 employees and is present in all the states of India, with a footprint in 85% of its districts.
Mahindra Finance has brought about a positive change by using its subsidiaries like Mahindra Insurance Brokers Limited and Mahindra Rural Housing Finance to cater to the financial needs of millions of its customers in both rural and semi urban regions of the country. The company has a connection with its customers as, it provides them with evolving needs.
Tech Mahindra is an Indian tech company which is also one of the main subsidiary of Mahindra group, headquartered in Pune, Maharashtra. The company provides services like Information Technology (IT) and Business Process Outsourcing (BPO). The annual revenue of Tech Mahindra in 2020 was $5.2 billion, it has more than 125, 236 employees spanning across 90 countries.
Tech Mahindra has more than 988 global customers and was also listed under the Fortune 500 companies list in 2019. Currently, the company has over 973 active clients. The company provides innovative and customer centric experiences enabling enterprise, associates and the society to grow. Tech Mahindra was created after Mahindra & Mahindra started its joint venture with the British Telecom in 1986 as technological outsourcing firm.
Tech Mahindra is also known to be the fastest growing brands and amongst the top 15 IT service providers globally. It aims to provide its global customers with next generation technologies including 5G, Blockchain, cyber security, AI and much more in order to help in digital transformation. In 2020, Tech Mahindra also got in the list of India’s 50 best companies to work according to the Great Place to Work.
Mahindra Electric Mobility Limited
Founded: 1994
Mahindra Electric – Mahindra & Mahindra Subsidiaries
Mahindra Electric Mobility Limited was initially called as the Reva Electric Car Company before it was acquired by Mahindra & Mahindra in 2010.
The company has its headquarters in Bengaluru, Karnataka and is known to be a pioneer for designing and manufacturing electric vehicles in India. MEML’s first electric car REVAi was one of the most popular and affordable electric car available 26 countries in over 4000 different variations.
The company is also the first Indian car manufacturer that has travelled more than 170 million ekilometres on its fleet. The Reva electric car company (REVA an acronym for revolutionary electric vehicle alternative) was founded by Chetan Maini in 1994 as a joint venture between the Maini Group and Amerigon Electric Vehicle technologies.
The company has a wide variety of electric vehicles such as the electric sedan eVerito, the electric commercial vehicle, eSupro a van for passenger & cargo and lastly the Treo range of three-wheelers powered by lithium and ion battery. The aim of the company is to develop and produce more affordable electric vehicles for personal and commercial segments.
Mahindra Logistics Limited is another subsidiary of Mahindra group that is a leader in the sector of integrated third party logistics service, supply chain management and enterprise mobility solutions. The company was founded more than a decade ago and aims to continue providing customized, innovative and technology enabled solutions to its clients across different industries.
So far, the company has over 500 customers across sectors like automotive, engineering, consumer’s goods, pharmaceuticals, telecom, ecommerce, bulk, banking, IT, financial services, insurance, etc. It has provided transportation services for 1,00,000 plus kilometers per month and has an experienced team with strong domain knowledge.
Mahindra Logistics offers customization and end to end logistics services and solutions, right from distribution, warehousing, in factory logistics and value added services to their customers. The aim of the company is to make the logistic process from origin to end customer easier, affordable, efficient and reliable, with shortened delivery times and better provide customer satisfaction.
Mahindra Lifespaces is a leading real estate development company in India, which is headquartered in Mumbai, Maharashtra. The company was founded in 1994 and has so far created innovative projects and designed living spaces throughout the country. The company is also a pioneer in sustainable urbanization, as it aims to provide responsible, green design and development options to its clients.
Mahindra Lifespace has developed well known projects in metropolitan cities like Mumbai, Pune, Nagpur, Ahmedabad, Delhi, Jaipur, Hyderabad, Chennai, and Bengaluru. The company has so far completed residential projects of about 17.81 million sq. ft. and is working on upcoming residential projects of 7.9 million sq. ft.
It also has over 5000 acres of ongoing and upcoming projects under development at its integrated industrial clusters in 4 different locations. In 2019, Mahindra Lifespaces was ranked 17th among India’s Great Mid-Size Workplaces, by the Great Place To Work Institute.
Another subsidiary that is a leader in its sector is the Mahindra Aerospace. This Indian aerospace company is the first ever private firm that manufactures civil aircrafts for Indian Aviation market. The company is an AS9100 Rev D certified design organization and has also developed a NAL NM5 light aircraft along with National aerospace laboratories.
The company has manufacturing plants in Latrobe regional airport in Victoria, Australia and Narsapura Industrial Area in Karnataka, India. The Aeros-structure business of Mahindra aerospace is known for providing sheet metal parts and assemblies for major global aerospace and defence companies. It provides more than 350 plus programs in over 9 countries.
Mahindra aerospace has acquired stake in international aircraft manufacturers like GippsAero, Aerostaff Australia in 2009 and Australian Boeing unit in 2010. The company has also used its planes as an air ambulance, rescuing animals and putting out wildfires in the times of need.
Mahindra Holiday and Resorts India limited
Founded: 1996
Mahindra holiday and resorts – Mahindra & Mahindra Subsidiaries
MHRIL is a part of the leisure and hospitality sector of the Mahindra group that was founded in 1996. Mahindra holiday and resorts offers family holiday packages mainly through vacation ownership memberships for over a period of 10 to 25 years. The main offering of the company is the Club Mahindra holidays which is its most popular flagship brand.
The Club Mahindra has more than 260,000 members, with a 100 plus resorts in India and 4,500 affiliated RCI resorts all over the world. The company is also known to be the world largest vacation ownership brand outside America.
The company aims in enabling people to rise through innovative mobility solutions, driving rural prosperity, nurturing new businesses and fostering communities around the world. Mahindra is so successful and will continue to grow because of its numerous subsidiaries. Mahindra is also a leader in as many as 22 sectors with an annual revenue $13 billion dollar.
Frequently Asked Questions
What does Mahindra group do?
Mahindra Group is a billion-dollar global enterprise that has business in sectors such as aerospace, agribusiness, aftermarket, automotive, construction equipment, defence, and more.
What are the subsidiaries of Mahindra Group?
The list of Mahindra group subsidiaries are:
Mahindra & Mahindra Limited
Mahindra Lifespace Developers Limited
Mahindra Financial Services Limited
Mahindra Holiday and Resorts India Limited
Mahindra Aerospace
Mahindra Logistics Limited
Mahindra Electric Mobility Limited
Tech Mahindra
Who is the CEO of Mahindra group?
Dr. Anish Shah is the CEO of Mahindra Group.
Where is the headquarters of Mahindra Group?
The headquarters of Mahindra Group is in Mumbai, Maharashtra.
What is the net worth of Anand Mahindra?
The net worth of Anand Mahindra is $170 Crores.
Who is the CEO of Tech Mahindra?
CP Gurnani is the CEO of Tech Mahindra.
How many companies are there under Mahindra Group?
There are 150 companies having global presence in 23 industries under Mahindra Group.
How many employees are there in Mahindra Group?
There are over 250,000 employees in Mahindra Group.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by 99acres.
In a world full of hectic schedules people really do not have time to go outside to search for homes or properties. Or maybe if a family is shifting from Mumbai to Pune, it is not an easy task to find a home in the new city. But things are not this difficult these days. Thanks to the real estate property search portals. One of the leading property search portals that lakhs of Indians rely on is 99acres.com. Here is the story of 99acres.com, India’s No.1 Property Portal.
99acres.com was founded in 2005 by Sanjeev Bhikhchandani, a Padmashri award-winner entrepreneur. Today 99 acres is a leading real estate search portal of India, which assists you in buying, selling, and renting real estate properties. 99acres.com is not just about finding and advertising residential properties, you can also find and list commercial properties, upcoming real estate projects, PGs, and co-working and co-living spaces via 99acres.com. You can also find dealers in a given area through the website.
Logo, 99acres
99acres is the subsidiary of Info Edge. Other than 99acres.com, Info Edge is also the parent company of other popular businesses like Naukri.com, naukrigulf.com, Firstnaukri.com, AmbitionBox, and jobhai.com.
Sanjeev Bikhchandani is a renowned name in the Indian Business community. Born in 1964 in Delhi, Bikhchandani is an Economics graduate and alumni of IIM Ahmedabad. Bikhchandani, from a young age, had a bent towards entrepreneurship and tried his hands in various small businesses. Naukri.com India’s pioneer job search portal is the brainchild of Sanjeev Bikhchandani. The Naukri.com idea was developed by Bikhchandani while he was working out of a small servant quarter above a garage. The seed capital for starting Naukri.com was just Rs 2000. Later Naukri.com went on to become the first dot-com company to be listed on the Indian stock exchange. Besides 99acres.com and naukri.com, Sanjeev Bhikchandani is the mind behind popular sites like siksha.com, naukrigulf.com, and jeevansathi.com. Bikhchandani was awarded the prestigious Padmashri award in 2020. He has received many rewards and recognition for his contribution to the Indian economy and business.
99acres – Business Model & Revenue Model
The business model of 99acres is very simple. 99acres.com connects real estate buyers and sellers, house owners, and tenants. Sellers, house owners, and property dealers can list their real estate properties, post pictures of their property, and find interested buyers and tenants. While a limited number of listings is free on 99acres.com, once the limit is over, one needs to pay for the listing.
99acres.com’s primary sources of revenue are –
property listing charges
subscription fees
charges for marketing real estate properties, new real estate projects on the 99acres.com website
Charges for Ads on Website
Charges for promoting and featuring builders and dealers on the website
99acres.com is performing well and has contributed a huge chunk to the growth of its parent company Info Edge. In quarter II of 2019, Info Edge’s revenue jumped to Rs ₹316.6 crores from ₹265 crores, which was the revenue in the 2nd quarter of 2018. This jump in revenue was supported by 99acres.com’s 20% growth in revenue and billing in the same quarter.
However in January 2020, in an interview given to ETNOW, Hitesh Oberoi, the MD, and CEO of Info Edge India Ltd said that 99acres.com’s growth is declining due to the slowdown of the real estate market. But he expected the things to turn for better in a year or two.
Further, the real estate segment also suffered due to the Covid induced Lockdown, which resulted in a decline in revenue for 99acres.com. In the Q4 of Fy 2020, 99acres.com’s billings fell by 24% Y-0-Y to INR 50.7 Cr from INR 66.7 Cr. Revenue for Q4 of FY 2020 increased by 3.6% Y-o-Y to INR 56.4 Cr. Q4 EBITDA is INR 2.2 Cr.
On an annual basis, billing and revenue for Fy 2020 increased by 3.5% and 18.8% respectively. Thus billing for FY 2020 is INR 213.9 Cr and revenue for FY 2020 is INR 228 Cr. EBITDA for FY 2020 is INR 8.4 Cr.
Traffic to 99acres.com that declined to single-digit due to the Lockdown, is now slowly bouncing up.
99acres – FAQs
Who is the owner of 99acres?
Sanjeev Bikhchandani is the founder/owner of 99acres.com.
Is 99acres Free?
A limited number of listings is free in 99acres. 99acres is completely free for property searchers.
Is 99acres Profitable?
In Q1 of Fy 2020, 99acres posted a Rs 3.4 Crore Loss before Tax. In Q1 of FY 2019, 99acres reported Rs 12.86 Crore Loss before Tax.
When you start a business, marketing is one of the most significant things that must be done. The entire survival of your dream business depends on the way of marketing. Proper marketing will not only bring you the right customers but will also help you in increasing your sales and building the name of your brand. It helps in building a long-term relationship with your customer.
The same goes for property business as well; you need to form a proper marketing strategy so that clients can get aware of your property and will eventually buy it. Getting the right customer, especially for property businesses takes time and for that, the marketing game of your business needs to be extremely strong. In this article, we will discuss some of the best ways to market your property business, so let’s get into it.
“Real Estate provides the highest returns, the greatest values, and the least risk.” –Armstrong Williams
At a time we are living in, if your business is not online, then you are missing from the big game. Your online presence matter, as customers often search on the internet for the things that they need, even if it’s a property.
So, creating a proper website for your business is the first step of online marketing, it will give the potential buyers an idea of what your business possesses and if they are interested in it. Keep updating properties on your website and add new contents, don’t put too many ads, it can backfire. Make it eye-soothing and informative.
2. Create Blogs
Creating a blog will give your potential client an idea about you and your business. Create content for your blog, give information about what real estate is all about, and add some interesting facts about real estate. If you want to attract more customers, use creative images for your posts. Link your website with your blog, so that they can find your business website easily.
3. Start Email Marketing Campaign and Newsletters
One of the best ways to make people aware of your business is by personally notifying them, and what’s better to do that than through email newsletters. Through email marketing, you can get email addresses and can send all the information related to your business, your blogs, and the properties that are waiting to get checked to the people who are interested through newsletters.
4. Virtual Staging
Virtual Staging
Thanks to the internet, anything and everything is possible online, instead of physically presenting the property and how it actually looks, you can give a sneak peek or an online tour of the said property to your customers and save time and money for yourself.
5. Use Instagram to Market your Property
There is hardly anyone that doesn’t use social media and among them one of the most popular is Instagram. Promote your property business on social media, create a page and upload the pictures and videos of your properties that are on sale. This way you can capture the attention of your potential buyers.
6. Use a Drone to Photograph your Property
Drones are the new obsession, they help capture the image of the entire area. If you use a drone to photograph then customers will also have an idea of the surrounding of your property. Plus this will give an elite feeling to your customers about their potential future home.
7. Employ Experiential Marketing
In experiential marketing, you can hold an event and invite people to take a tour of the property, that you’re willing to sell. Also, enlighten them about the process of buying your property. This will give them an idea of what is in front of them.
8. Seek Social Media Influencers
Hire Influencers
As the term already said, it is all about influencing people. On a small budget, you can actually attract the attention of thousands of people, select the platform that you think will be better for you, hire a social media influencer that you think is perfect for the job, and get ready to do the deed.
9. Use Television and Radio
To make people aware of your business put advertisements regarding that on television and radio. These two are the ultimate medium to advertise real-estate properties.
10. Ask for Referrals
Your customers are your best advertisers. The people who have brought properties from you, politely ask them for referrals. Try to build your network and ask your customers to refer your business to their friends, families, and acquaintances.
Create a logo and a brand name for your business. This way it will help your customers to identify and distinguish you from others and attract them to indulge themselves in your business.
12. Create and Upload Videos of your Property
Create Videos of the Property
Take some videos of the property that you’re trying to sell and upload those to your website and social media handles. This way, you will be able to attract potential customers through those clips.
Conclusion
Marketing is the soul of any business and when it comes to properties, its importance increases ten times. It is a big investment, so naturally, not everyone will be willing to do that, but with proper marketing ways, you can find your customers that are looking for their forever homes. With the right techniques, you can also sell them the property of their dream.
FAQ
What are some examples of marketing strategies in real estate?
Create blogs, Build a website, Hire influencers to promote your brand, ask your customers for referrals, and employ email marketing.
What are the 4 P’s of marketing in real estate?
These four P’s of property marketing are People, Price, Promotion, and Product.
How do you attract customers to buy the property?
Personalize your social media, Communicate effectively and try to create a picture of the property using storytelling.
Adani Group is known to one of most well-known business conglomerate and a leading integrated player in infrastructure and energy spaces in India. The company is founded by Gautam Adani in 1988 and has its headquarters based in Ahmedabad, Gujarat. Adani Group has businesses in different sectors like Energy, Resources, Logistics, Coal Trading & Mining, Real Estate, Aerospace, Public Transport Infrastructure, Consumer Finance, Solar manufacturing, Defense, Gas distribution and Agriculture among others.
In 2015, Adani Group was ranked India’s most trusted infrastructure brand according to the The Brand Trust Report. It is the country’s largest integrated infrastructure conglomerate with a revenue of about $13 billion with operations at 70 locations in 50 different countries.
Adani group has focused on serving the diverse need of Indians and contributing towards nation building, as the company also invests part, of its revenue to protect and develop communities.
The company is known to be the country’s largest port developer and operator with more than 10 ports and terminal like Mundra port under its control. Adani group owns the largest edible oil brand called Fortune Oil, through joint venture with Wilmur International from Singapore. Adani is also the largest private power producer after adding the fourth unit 660 megawatts at its Tiroda Thermal power station. The Group has mines in various countries including India, Indonesia and Australia and also supplies coal to Bangladesh, China, and some Southeast Asian countries.
In 2018, the Adani Ports & SEZ Limited, added equipment and machinery making it the largest dredger fleet in India. The company has reached great heights because some of it’s main subsidiaries which are Adani Enterprises Limited, Adani Green Energy Limited, Adani Ports & SEZ Limited, Adani Wilmur, Adani Power Limited, Adani Total Gas Limited, Adani Transmission Limited, among others.
Adani Group had its humble beginnings as a commodity trading firm in 1988 and then got into the import and export of various commodities.Adani group then established the Adani Enterprises Limited which was previously known as Adani exports with just Rs 5 lakhs. In the 90s the company started to develop its own port and by 1995 it began construction at Mundra (which became the largest private port in India in 2002). In 1999, Adani began coal trading and started its joint venture in edible oil refining with Adani Wilmar in 2000.
Over the years, Adani established ports, mines, railway lines, power plants and ships in and outside the country. Later on in 2006, Adani became the largest coal importer in India with 11Mt of coal handling. After Adani won the Orissa mine rights in 2010, it became the the country’s largest private coal mining company in India. Adani bought Galilee Basin mine in Australia with 10.4 Gt of coal reserves and went on to commission India’s largest solar power plant with a capacity 40 MW.
Adani became the largest private sector thermal power producer in India after achieving the 3,960 MW capacity. By 2012 the group shifted its focus on to its businesses in the sectors of resources, logistics and energy. In 2014, Adani power became India largest private power producer, by the next year Adani Renewable Energy Park made a 50:50 joined venture with the Rajasthan Government so it can set up the country’s largest solar park with a capacity of 10,000 MW.
In 2016, Adani’s Aero defense sector signed a pact with companies like Elbit-ISTAR and Alpha Design Technologies in order to work in the field of Unmanned Aircraft Systems in India. The Adani Group acquired a part of Reliance Infrastructure for Rs. 18,800 crore in December 2017.
Under the guidance of Gautam Adani (one of the richest men in India), the company has reached great heights and improved business operations in the sectors likeenergy, resources, logistics, and agriculture, amongst others. With a net worth of 59.9 billion as of 2021, he has entered the list of top 20 billionaires as per Forbes. He recently Witnessed a Wealth surge of $17 billion in his Net worth.
Adani Enterprise is one of the major subsidiary and the primary holding company of the Adani Group. The company focuses on establishing other new businesses in the sectors of energy and infrastructure. It acts as an Incubator that converts opportunities into thriving or successful businesses. So far Adani Enterprise has expanded its presence in different industries and has emerged as a market leader.
The company is so successful that it was listed at Bombay Stock Exchange and The National Stock Exchange of India. Since it was established and listed in 1994 the company has come a long way to where it has the market cap of Rs 22,909 Crores. So far companies like APSEZ, Adani Power, Adani Transmissions, Adani Green Energy and Adani Gas have demerged from Adani Enterprise to get independently listed on the Indian stock exchange market.
The company aims in delivering consistent value, maximizing returns for stakeholders and helping in the activities that build a nation. The vision of Adani Enterprise is to build infrastructure for airport, water, roads, data centre, solar manufacturing and have a sustainable value creation.
Adani Ports and Special Economic Zone Limited
Adani PSEZ – Adani Group Subsidiaries
APSEZ is known to be the largest commercial port operator in India as it accounts to more than one fourth of the cargo transport that takes place in the country. APSEZ was originally called as Mundra Port and special Economic Zone Limited until it was changed in 2012. The company started its operations in Mundra Port, but has increased to 10 ports which comprise of 45 berths and 14 terminals across 6 states which are Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha.
It is one of the main subsidiaries of Adani group with a market cap of Rs. 77,715 crore. The CEO of the company is Karan Adani. The company has a widespread national footprint because through Adani Logistics Ltd., APSEZ operates 3 inland containers depots and a storehouse of goods before they are custom cleared at the ports. The facilities of the port are specifically equipped with the latest cargo-handling infrastructure which best in class in order to make it capable of handling the largest vessels.
A national geographic documentary on Mundra port
These ports are also well equipped to handle diverse cargos, from dry cargo, liquid cargo, and crude to containers. APSEZ also provides Dredging and Reclaimation solutions for port and harbor construction. Which is why APSEZ currently operates 19 dredgers making it the largest capital dredging capacity in India.
The Mundra SEZ spans over 8000 hectares making it the largest portoperational and notified multi-product SEZ in India that offers investment options like Free Trade and Warehousing Zone (FTWZ) and Domestic Industrial Zone in India.
It also helps large scale industries for manufacturing set-up based upon cluster-based development for various industries. APSEZ has also undertaken mangrove afforestation activities to help the environment and also announced in 2016, that all ports and townships are being prepared to run on 100% renewable energy.
Adani Power Limited
Adani Power – Adani Group Subsidiaries
Adani Power is another major business subsidiary of Adani Group. The company has its headquarters based in Ahmedabad, Gujarat and is known to be largest private thermal power producer in India.
The company has thermal plants in Gujarat, Maharashtra, Karnataka, Rajasthan and Chhattisgarh and has a power generation capacity of 12,450 MW. It also operates a huge solar plant of 40 MW at Kutch, Gujarat. Adani Power generated a net profit of Rs 634.64 crores in the fourth quarter.
Adani power plants
This Indian company is the world’s first company to set up a coal based thermal power project registered under the clean development Mechanism (CDM) of the Kyoto protocol. Adani power was established as a power trading company in 1996 and has since signed long term PPAs of about 9,153 MW with the government of Gujarat, Maharashtra, Haryana Rajasthan, Karnataka and Punjab.
Despite being a new to power generation in 2006, the company went on to set up its first power plant at Mundra successfully. The company is also planning to implement a 1.600 MW plant at Godda, Jharkhand.
Adani Power has many successful subsidiaries under it, which are Adani Power Maharashra Limited, Adani Power Rajasthan Limited, Adani Power Dahej Limited, Mundra Power SEZ Limited and Adani Power Overseas Limited. Once Adani obtained the Udupi Thermal Power Plant in a 6,000 crore rupees deal.
In 2014, Adani Power got ahead of Tata Power to become the country’s largest power producer. The company’s power plant at Mundra is also the world first coal fired plant to receive carbon credits from the United Nations Framework Convention on Climate Change. The company was also awarded from the Government of Karnataka for the Udupi Power Plant.
Adani Transmission Limited
Adani Transmission – Adani Group Subsidiaries
Adani’s journey in the transmission industry started way before Adani Transmission Limited was established in 2006. Integrated in 2013, the company handles commissions, operations, maintenance of electric power transmission systems. Adani Transmission Ltd has a total transmission capacity of the company is 16,200 MW and is currently one of the largest private sector power transmission company in India.
The company operates a total network of 12,200 circuit kilometers and additional 3,200 circuit kilometers are under various stages of construction, as of 2020. Adani Transmission was founded by Gautam Adani and has its headquartered in Ahmedabad. The company got into the distribution space with the acquisition of Reliance Infrastructure’s Power Generation, Transmission & Distribution Business in Mumbai in 2018.
Now, the Adani Electricity Mumbai Limited which works under Adani Transmissions caters to more than 3 million customers and their electricity needs in the Mumbai. The company aims in setting up 20,000 circuit kms of transmission lines by 2022 with the help of organic and inorganic growth opportunities. Lastly it is the country’s first private power sector player to secure an international investment grade rating.
Adani Green Energy Limited
Adani Renewables – Adani Group Subsidiaries
This Adani subsidiary is one of the largest renewable companies in India with a current project portfolio of 13,990 MW. Adani Green Energy is known for developing, operating, building and maintaining solar and wind farm projects. The electricity generated is supplied to central and state government institutes or even government backed corporations. The company has now expanded to more than 11 Indian states.
National Geographic documentary on Adani solar power plant
The company uses the latest technologies in its projects and has an impressive portfolio of 54 operational projects and 12 projects under construction. It is leading India on its renewable energy journey and aims to provide a cleaner, better and a greener future for the country. The company operates one of the largest solar photovoltaic plants in the world (Kamuthi Solar Power Project).
Adani Green Energy also has over 39 subsidiaries under it and recently won the world largest solar bid worth 46 billion by the Solar Energy Corporation Of India. The company is known to manage over 5,290 MW of wind energy and solar power plants.
Adani Wilmar
Adani Wilmar – Adani Group Subsidiaries
Adani Wilmar was created out of a joint venture between Adani Group and the Singaporean company Wilmar International Limited. Wilmar one of the fastest growing food FMCG company in India and is Asia’s leading agri business group. The company has the largest range of edible oils such as Soya, Sun, Mustard, Rice bran, Groundnut and cottonseed.
Besides oil it also makes products like Basmati rice, pulses, Soya chunks, Besan, Fortune Wheat flour, Rawa, Sooji, etc which are all well known products in India. Brands like Fortune, King’s, Bullet, Raag, Avsar, Pilaf, Jubilee, Fryola, Alpha, Alife and Aadhar work under Adani Wilmur.
The company has the largest distribution network among all the branded edible oil players in India because it has over 95 stock points, 5000 distributors, 1.5 million outlets across the country.
Adani Wilmar has become successful internationally after selling its Edible oil to Middle-East and is now exporting its products to more than 19 countries in the Middle-East, South East Asia, East Africa, Singapore, Australia and New Zealand.
This Adani’s subsidiary is a city gas distribution company that mainly serves industrial companies and residential customers in Indian states. Adani Gas is currently uses City Gas Distribution networks in order to supply Piped Natural Gas to commercial, domestic and industrial companies in the country. The company also provides Compressed Natural Gas to the transport sector.
Adani Gas has so far set up city gas distribution networks in cities such as Ahmedabad and Vadodara in Gujarat, Faridabad in Haryana and Khurja in Uttar Pradesh. Natural Gas is not just a environment friendly, but is also convenient and reliable which allows consumers to enjoy a high level of safety, convenience and economic efficiency.
Conclusion
Over the past three decades Adani Group has kept growing to make itself a global leader in various sectors like Energy, Resources, Logistics, Coal Trading & Mining, Real Estate, Aerospace, Public Transport Infrastructure, Consumer Finance, Solar manufacturing, Defense, Gas distribution and Agriculture.
The company is also benchmarked the global standards in all the sectors. The company has so far been successful because of its numerous successful subsidiaries and will continue to grow and reach greater heights in the future.
FAQs
Who is the Chairman of Adani Group?
Gautam Adani is the Chairman of Adani Group.
Where is the headquarters of Adani Group?
Adani Group has its headquarters in Ahmedabad, Gujarat.
What does Adani group do?
Adani group is involved in business operations in the various sectors:
There are over 2775 billionaires present in the world and with a total net worth of $13.1 trillion. The country that tops the list of most number of billionaires is the United States of America. The number of billionaires may seem less in a world where billions of people exist but these few have created businesses that made them who they are today; It has also changed the outlook of all those industries from where they came from.
These people turned their ideas into successful businesses and are now earning billions of dollars. All these are not that easy, one needs to be the best in their field for that.
You may find billionaires in almost every industry, but there are some that have given the world a larger number of billionaires who are out there ruling it. What is intriguing is that even during the pandemic, the wealth of billionaires has increased over an average of 27% in many industries.
In this article, we will talk about the industries that have given the most number of billionaires to the world. So let’s get started.
“The biggest risk is not taking any risk. In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks.”
The top position is taken by the industry of technology in this. Some of the data suggest that 70% of the top 10 richest people belong from the technology industry. It is in the first position because of evident reasons.
Technology serves us with the solution for almost any kind of problems and has taken the responsibility to make our life easier. It is quite evident that with new innovation every day, the tech industry will provide the world with more billionaires in the future.
Top billionaires in the tech industry
Jeff Bezos (Amazon)
Elon Musk (Tesla, Space X)
Bill Gates (Microsoft)
Mark Zuckerberg (Facebook)
Healthcare
The pandemic was a severe boost to the healthcare sector and has worked as a boon for many healthcare companies. Vaccine producers, diagnostic test producers saw immaculate growth in their business. Since 2020, the healthcare industry is surging at a tremendous pace and with the current condition, it seems unlikely to stop.
The strike of Covid-19 proves how health is a prime factor in human lives and without it; everything will just become a façade. The global healthcare industry is ready to reach over $10 trillion by 2022.
Top billionaires in the Healthcare industry
Jiang Rensheng & family (Chongqing Zhifei Biological Products)
Li Xiting (Mindray Bio-Medical Electronics)
Zhong Huijuan (Hansoh Pharmaceutical)
Xu Hang (Mindray Medical)
Finance And Investments
There are reports that state that the most number of billionaires in modern times comes from the Finance and investment sector. The business of money has been quite a success in the recent era. The money made by the people even the billionaires are managed by financial institutions. Whenever people transact money they take help from these financial institutions, so it is quite probable that this sector comes in the list of the top 10.
The entire world economy depends on financial institutions. Fintech startups are taking the world in storms and these industries would use the opportunity to create more billionaires in the future as they are the root of the economy.
The production of goods with the help 0f machines, tools as well as labor from raw materials is one of the most important sectors, as almost every creation depends on this. It is said to be the driving force since forever.
The growth of a nation immensely depends on the manufacturing sector. The manufacturing sector has seen a huge surge even during the Covid-19, this sector has over 300 billionaires in the world.
Top billionaires in the Manufacturing industry
He Xiangjian (Midea Group)
Fashion and Retail
Clothes are another significant necessity in human life. The fashion and retail industry focuses on making clothes. It is a $2.5 trillion industry and deals with luxury apparel brands. Fashion startups are also making noise in this sector and are on the verge of producing more and more billionaires in the future. There are 273 billionaires in the world in this industry.
Top billionaires in the Fashion industry
Bernard Arnault (LVMH)
Amancio Ortega (Inditex)
Phil Knight (Nike)
François Pinault (Kering)
Food And Beverage
Over 7 billion people exist in this world, so naturally, food must be provided to all of them. The number is only going to increase in the future; therefore the growth of this industry is inevitable. This sector till now has successfully contributed in the list of industries that have given us the most number of billionaires.
All other things can wait but for the survival of a human being, food and beverages are the most significant things. The food and beverages industry has over 219 billionaires from all over the world and it is only going to increase in the future.
Top billionaires in the Food and Beverage industry
Zhong Shanshan (Nongfu Spring)
Giovanni Ferrero (The Ferrero Group)
Qin Yinglin & family (Muyuan Foodstuff Co.)
Jacqueline Mars (Mars Inc.)
Real Estate
It is said to be the oldest source of creation of wealth. It is also said to be an open industry where anyone can be a part of it who are interested to. People who are already billionaires and are wealthy also show their interest in investing in the real estate industry, as it is considered as one of the most profitable sectors. There are over 215 billionaires in this sector.
Top billionaires in the Real Estate industry
Lee Shau Kee (Henderson Land Development)
Hui Ka Yan (Evergrande Group)
Yang Huiyan & family (Country Garden Holdings)
Wu Yajun (Longfor Properties)
Hospitality Industry
It is another important form of industry that has given quite a number of wealthy people. Providing the guests with home-like services is one of the main factors of this industry. Food, comfort, entertainment, and lodging are all included in this sector. The global hospitality market is expected to reach $4132.5 billion by the end of 2021.
Top billionaires in the Hospitality industry
Sheldon Adelson (Sands Hotel)
Donald Trump
William Barron Hilton (Hilton Hotels & Resorts)
Phillip Ruffin (Ruffin’s hotel)
Renewable Energy
Climate change is a serious factor in the world, right now. Saving the world has become a necessity, thanks to this industry some of the billionaires are able to make tons of money and become a savior as well. The energy market is coming out slowly and is on verge of becoming one of the most important sectors in the near future. It has given the world over 180 billionaires.
Top billionaires in the Renewable Energy industry
Elon Musk
Robin Zeng (Amperex Technology)
Aloys Wobben (Enercon)
Li Zhenguo (LONGi Green Energy)
Entertainment and Media
The entertainment industry is a very big part of the world economy. Digital media technology has started helping people make big in this industry. There is a need for entertainment in life, especially during the Covid-19 lockdown, this sector helped people to avoid boredom. Dramas, films, music all these are the source of entertainment. This sector has 95 billionaires and more in the making.
Top billionaires in the Entertainment and Media industry
Being a billionaire is not an easy job, one needs to have patience, perseverance, and the will to do hard work. Some of the industries are recently on-trend and have provided the world with the most number of billionaires. It doesn’t mean that it is easy in these industries to make tons of money, in fact, it is quite hard and challenging.
FAQ
Which industry produces the most billionaires?
Technology industry is one industry that produces the most billionaires.
Which Industry creates the most millionaires?
The financial service sector has the most number of millionaires.
What jobs can make you a millionaire?
Professional athlete, Investment banker, Entrepreneur, and Real estate agent some of the industries that can make you a millionaire.
The market today has created a lot of opportunities not only for the pharmaceutical sector or the agricultural sector but the real estate sectors too have emerged and are booming in the market. In a country like India that ranks 5th highest GDP nation in the world, the real estate sector is contributing around 6-7% of the total GDP.
Not only the numbers are impressive but the market size of real estate is shocking. It is expected that by the year 2030 the market size of the real estate sector will increase up to $1trillion. By the year 2025, this sector will already be contributing 13% of the country’s GDP.
Real estate freelancers have a job that seems quite comfortable as they have flexible working hours. However, when businesses like the real estate sectors are booming freelancers not only enjoy the benefits of the growing market but there is an ultimate level of satisfaction for being a part of major achievements. But, what are the things that you should look for in a real estate freelancer?
Is a real estate freelancer a person, job post, or agent? Well, a real estate freelancer can also be called or known as a real estate agent or freelance property agent. These people help its clients look for both commercial and as well as residential property for both selling and purchasing purposes.
Real estate freelancers’ responsibilities include listing homes or properties for sale on behalf of the clients. The job of real estate freelancers might seem easy but not all can easily get into such jobs. Real estate freelancers not only concentrate on one type of skill but there are more things to look at.
Real Estate Freelancer’s Reviews and Ratings
Reviews and ratings will give an overall idea about the qualities present in the real estate freelancer. High ratings and reviews will provide information about the things that they are good at. Reviews and ratings help give you some trust about the freelancer that he can do well if you hire him for the job.
Reviews and ratings not only help when you are hiring someone but whenever you purchase a product online you look at them so that you know about its good and bad. High ratings reflect a good image of the real estate freelancer that you are in contact with. Look for ratings and reviews that are negative because those will create a warning image of the freelancer before you hire them.
Real Estate Freelancer’s Communication Skills
Real estate freelancers must possess good command over any language that they are most comfortable with. Communication is the key to unlock income pathways especially when it is a real estate freelancing job. Real estate agents are the ones working with the clients and customers directly and they should persuade buyers by getting them the best deal.
Look for communication skills before considering a freelancer because the power of words can benefit you and your company. Long time to respond; not knowing what to say and other such kinds of things will only create a setback for you.
Real Estate Freelancer should stay motivated to work
Motivation to work is not only required in the real-estate business but they play a crucial role in every other industry too. A real estate freelancer should be motivated to work by showing his interest in his work and achieving certain goals at a certain period.
You do not want someone who is least interested and is not bothered about what is happening around you. This is one of the major things that you need to look at in a real estate freelancer. If the freelancer shows his interest in work more than money then it should be a good indication.
Real Estate Freelancer should be More focused details
You want to look for a freelancer who is not only highly motivated but who shows progress by showing positive results. A freelancer should be intelligent by gathering and knowing what needs to be known so that clients are impressed with them.
Details are important and it is also important to keep them in mind. Not everyone has a sharp mind. Find out ways to check whether the freelancer has this skill or not. Try to find out a way where the freelancer is paying attention to every detail because this will benefit greatly.
Real Estate Freelancer should be competent to meet a deadline
If a real estate freelancer has given you a completion deadline for a particular project/work then you should feel impressed. This is because the freelancer is confident in his work and will make sure that the work is completed within the mentioned deadline.
This shows that he is competent and you should consider this kind of attitude in a real estate freelancer. Most people face the problem of incomplete work and work not being done efficiently. It is time for you to make the right call because if you find these qualities in a freelancer then consider them.
Conclusion
It is not only about leading but sometimes one has to follow directions too. A real estate agent is difficult to find having the right qualities.
FAQs
How to choose the ideal freelancer?
First, make a checklist of the things that you are looking for and then find the most suitable freelancer. Also, there are real estate agents that you can contact online and compare them as well.
How to become a freelance real estate agent?
To become a freelance real estate agent you need to have a license. Licensing is a process where you have to be an undergoing approved education course and pass an exam.
What Does a Freelance Real Estate Agent Do?
A freelance real estate agent sells and purchases property on behalf of clients. They list the client homes or property for sale, show the property to prospective buyers, and negotiate the price for a property deal.
Even during the pandemic, the net worth of many billionaires have been growing consistently. According to Forbes, the number of billionaires in the Forbes 35th list of the world wealthiest people, the number of billionaires have increased to 2,755, which was 660 more than a year ago.
Everyone knows that the richest person on the planet is Elon Musk with a net worth of $203.4 billion, followed by Jeff Bezos with $192.2 billion and Bernard Arnault & family with $185.8 billion, as of October 16, 2021. But do you know the top twenty richest people in Asia? According to Bloomberg Billionaire Index and the Forbes Billionaires List, the top 15 richest people in Asia, collectively account to over $500 billion.
The people in this list are self-made, big tech tycoons and real estate giants. The person who takes the top spot in the list of Asia is none other than India’s richest person, Mukesh Ambani who is the Chairman of the conglomerate, Reliance Industries Ltd. The other high profile billionaires from the continent are Jack Ma, Gautam Adani, Zhong Shanshan, Ma Huateng, Li Ka-Shing, etc. To find out who else made the top 20 according to Forbes.
Here is the list of the Top 20 Richest People in Asia.
1. Mukesh Ambani
Chairman/MD
Reliance Industries Ltd
Net Worth
US$100.6 billion (as of October 2021)
Industry
Energy, Telecom, Retail, Petrochemicals, Textiles and Natural Resources
Country
India
Age
64 (2021)
Mukesh Ambani
Mukesh Dhirubhai Ambani is an Indian Billionaire Businessman, the Chairman, Managing Director and the largest shareholder of the Reliance Industries Ltd., which is an energy and telecom multinational conglomerate.
Reliance Industries owns business across India and has its foothold in the industries such as energy, petrochemicals, textiles, natural resources, retail and even telecommunications. The company is also in the list of the Fortune Global 500 Company and is the country most valuable company as per its market value.
Ambani is credited for creating Jio, an affordable 4G phone service in India. The billionaire also owns an Indian Premier League team known as the Mumbai Indians and also has a property worth more than $400 million. As of 16th October 2021, Mukesh Ambani is the richest person not only in India but also Asia with a net worth of US $100.6 billion and is also the 11th richest person in the world. The head honcho of Reliance India Limited has joined the coveted club of billionaires with a fortune of at least $100 billion on 8th October 2021, Friday, following the rapid rise of the stocks of the conglomerate.
2. Zhong Shanchan
Founder/ CEO
Nongfu Spring
Majority stake holder
Beijing Wantai Biological Pharmacy Enterprise
Net Worth
US$71.6 billion (as of 28th May 2021)
Industry
Beverage and Pharmacy
Country
China
Age
67
Zhong Shanshan
Zhong Shanshan is a Chinese billionaire businessman, the founder and chairman of Nongfu Spring which is a popular beverage company in China and a majority stake holder of Beijing Wantai Biological Pharmacy Enterprise.
Nongfu Spring is a bottled water and beverage company that went public in September 2020, the company recently tripled its value to $85 billion. As of 16th October 2021, the net worth of Shangshan is $71.6 billion, making him the richest person in China, the 2nd richest person in Asia after Gautam Adani.
He became the second richest person in Asia due to the recent stock listing of Nongfu and also because Wantai Biological managed to tap into the high demand of Covid 19 kits. Zhong Shanshan is also known to have accumulated his wealth the fastest in history, according to Bloomberg.
Resources, Logistics, Energy, Energy, Defence, Aerospace, Real Estate, Financial, etc.
Country
India
Age
59 (2021)
Gautam Adani
Gautam Shantilal Adani is an Indian Billionaire Industrialist, the Founder and Chairman of the Adani Group. Adani Group is an Indian multinational conglomerate that has diverse businesses across the industries of resources, logistics, energy, energy, defense, aerospace, real estate, financial, etc.
Adani Group has an annual revenue of more than US $13 billion with operations in more than 50 countries. Adani is especially known for being a port developer and operator and is known for having the largest port in the country known as the Mundra port.
As of 2018, Gautam Adani has over 66% stake in Adani Ports & SEZ, 75% stake in Adani Enterprises, 73% stake in Adani Power, and a 75% stake in Adani Transmission. As of 16th October 2021, Gautam Adani has a net worth of US $75.20 Billion, making him the second richest person in Asia. He had recently overtaken Chinese bottled water producer, Zhong Shanshan in September 2021.
4. Robin Zeng
Founder/ Chairman
Contemporary Amperex Technology
Net Worth
US $50.70 billion (as of October 2021)
Industry
Automotive Li-ion Batteries, Energy Storage Systems, Battery Recycling
Country
China
Age
53 (2021)
Robin Zeng
Robin Zeng also known as Zeng Yuqun is a Chinese billionaire entrepreneur, the Founder and Chairman of Contemporary Amperex Technology (CATL).
The CATL is well known Chinese’s battery manufacturer and Technology Company that specializes in making lithium-ion battery for electric vehicles, battery management systems. Zeng is among the richest people in China and in Asia. With a net worth of $50.70 billion, he recently overtook Jack Ma, as per the reports dated October 16, 2021.
5. Ma Huateng
Chairman/MD
Tencent Holdings
Net Worth
US$49.10 billion (as of October 2021)
Industry
Technology
Country
China
Age
49 (2021)
Ma Huateng
Ma Huateng, also known as Pony Ma is a Chinese Billionaire Businessman, the Founder, Chairman and CEO of Tencent. Tencent is the continent’s most valuable company and one of the largest internet and Technology Company.
Besides , Tencent is also one of the biggest investment, gaming and entertainment conglomerate in the world known for developing China’s instant messaging app called WeChat. According to Time magazine Ma Huateng is one of the most influencial people in 2018, while Fortune also ranked him as among the top businessmen of the year in 2017.
The businessman wealth comes from the 9.7% stake in Tencent holdings. He is known to own properties in Hong Kong and art pieces that are worth over US $150 million. As of 16th October 2021, the net worth of Ma Huateng is US $49.10 billion, making him one of the richest people in China and the 5th richest person in Asia.
Zhang Yiming is a Chinese Billionaire Businessman and the Founder of ByteDance and developer for the news aggregator Toutiao and the world renowned video sharing platform TikTok. ByteDance is a Chinese multinational internet tech company known for developing video sharing and social networking sites like TikTok and Douyin.
ByteDance also developed an app known as Toutiao, which is a platform that delivers news content in various forms. As of 2018, ByteDance has over 800 million daily users across all its content platforms and has been valued at $250 billion as of 2021. According to Bloomberg billionaires index Zhang’s personal wealth is estimated to be around $44 billion.
Zhang Yiming stepped down from the position of CEO of Bytedance to embrace a new role within the company on 20th May 2021.
7. Jack Ma
Founder/ CEO
Alibaba Group
Net Worth
US$42.30 billion (as of October 2021)
Industry
Technology, E-commerce, Retail
Country
China
Age
56 (2021)
Jack Ma
Jack Ma is a Chinese billionaire businessman, the Founder and former Executive Chairman of Alibaba Group. Alibaba is a Multinational Technology Conglomerate that specializes in E-commerce, retail, technology and offers C2C, B2C and B2B sales, electronic payments, shopping search engines and cloud computing services.
Alibaba is the world largest retailers and e-commerce companies and has the 6th highest global brand valuation in 2018.Jack Ma was ranked 2nd in the Forbes list of the World 50 greatest leaders and is also a popular philanthropist as he has supported many underprivileged communities in China, Africa, Australia, and the Middle East.
As of 16th October 2021, the net worth of Jack Ma is US$42.3 billion making him a distinguished billionaire in China and the 7th richest person in Asia.
8. Li Ka Shing
Chairman
Li Ka Shing Foundation
Net Worth
US $31.80 Billion (As of October 2021)
Industry
Real Estate
Country
Hong Kong
Age
92 (2021)
Li Ka Shing is a Hong Kong businessman, an investor and well known philanthropist. He is the senior advisor and former chairman of the board for CK Hutchison Holdings and CK Asset Holdings. Li Ka Shing is 92 years old and is known to be the world leading port investor, developer and operator of the largest health and beauty and retailer in Asia and Europe.
According to Forbes Hong Kong Fortune league chart, Li Ka Shing became the richest person in Hong Kong in February 2021. Li is often regarded as “Superman li” by the Hong Kong media because of his business prowess, he also is the most influential entrepreneurs in the continent.
Li presides over a huge business empire that has its foothold in the industries such as transportation, real estate, financial services, retail, and energy and utilities. The billionaire is also a philanthropist that leads a simple life and has donated billions of dollars to charity and causes making him Asia most generous philanthropists.
As of 16th October 2021, Li Ka Shing net worth is over US $31.80 Billion making him one of the richest person in Hong Kong and among the richest in Asia.
9. He Xiangjian
Founder
Midea Group
Net Worth
US$31.70 billion (as of October 2021)
Industry
Consumer appliances
Country
China
Age
79 (2021)
He Xiangjian
He Xiangjian is the Co-founder of Midea Group, which is known to be one of the world’s largest appliance makers. Midea Group is electrical appliances manufacturer that has more than 200 subsidiaries.
The company is known for its products like lighting, water appliance, floor care, small kitchen appliance, laundry, cooking appliance and refrigeration appliances. According to Bloomberg Billionaire Index, Xiangjian was ranked the 44th place as his net worth was $32.7 billion in April 2021.
Media is also the world largest producers of robots and appliances which is why the company was also listed in the Fortune Global 500 since 2016. He Xiangjian stepped down from the company operation in 2012, but is still one among the richest in China and Asia with a wealth of $32.70 billion.
10. Lee Shau Kee
Founder/Chairman
Henderson Land Development
Net Worth
US $31.10 billion (as of October 2021)
Industry
Real Estate
Country
Hong Kong
Age
93 (2021)
Le Shau Kee
Le Shau Kee is a billionaire businessman from Hong Kong, real estate tycoon, founder and former chairman of Henderson Land Development. Henderson Land Development is a well known property conglomerate with stakes in property, hotels, restaurants and internet services.
The company’s main activities are property development, investment, project management, construction, hotel operation, finance, investment holding and infrastructure. The billionaire controlled over 70.17% of the share capital of the company as of 2015.
Kee stepped down from the position of chairman in 2019 at the age of 91 and passed the mantel to his sons. Le Shau Kee is one of the richest people in Hong Kong and in Asia. His net worth is estimated to be $31.10 billion, as of 16th October 2021.
11. Colin Huang
Founder/ CEO
Pinduoduo
Net Worth
US$31.10 billion (as of October 2021)
Industry
E-commerce, Agriculture
Country
China
Age
41 (2021)
Colin Huang
Colin Huang also known as Huang Zheng is a Chinese billionaire businessman, the Founder and CEO of Pinduoduo. Pinduoduo is a leading E-commerce and the largest agriculture-focused technology platform in China. Pinduoduo’s main objective is to connect farmers and distributors directly with the consumers and provide an interactive shopping experience.
Over 600,000 merchants have sold their produce through the platform with more than 12 million farmers supplying their fruits and vegetable to the merchants. According to Bloomberg, the platform has over 628 million customers and made $4.2 billion in 2019. Huang has also founded two other popular internet based companies known as Xinyoudi (a gaming business) and Ouku.com (an e-commerce platform).
The businessman has grown his wealth steadily in the recent years, climbing the global ranks from number 94 in 2019, to number 57 in 2020, and then 21. As of 16th October 2021, Colin Huang net worth is US$31.10 billion, which makes him the one of the richest people in China and the 11st richest person in Asia.
Tadashi Yanai is a Japanese Billionaire businessman, the Founder and President of Fast Retailing. Fast Retailing is public Japanese retail holding company that owns more than a 1000 stores. The company owns popular Japanese subsidiaries like Uniqlo, J brand, Comptoir des Cotonniers, GU, Princesse Tam Tam and Theory.
He is also the biggest shareholder of Asia’s largest clothing retailer known as Uniqlo. According to Bloomberg Billionaire Index, Tadashi Yanai became the richest person in Japan and the 34th richest person in the world, as his net worth was estimated to be $42.billion as of April 2021.
However, as of 16th October 2021, the billionaire’s net worth is US $32.5 billion, making him the richest person in Japan and among the richest in Asia.
13. Ding Lei
Founder/CEO
NetEase
Net Worth
US $29.8 billion (as of October 2021)
Industry
Technology
Country
China
Age
49 (2021)
Ding Lei is also known as William ding is a Chinese Billionaire businessman, the Founder and CEO of NetEase. NetEase is Internet Tech Company known for its services like content, community, communications and commerce. The company also develops online PC and mobile games, advertising services and e-commerce platforms in China.
NetEase is one of the largest internet and video game companies in the world. Besides gaming, NetEase works with other online media entertainment like movies and music. Ding Lei is known to have made many contributions to the development of computer networks in China, while his company work with Blizzard Entertainment and Microsoft subsidiary Mojang.
According to Bloomberg, the net worth of Ding Lei as of 16th October 2021 is $29.8 billion, making him one of the richest people in China and in Asia.
14. Wang Wei
Founder/Chairman
SF Express
Net Worth
US $28.8 billion (16th October 2021)
Industry
International express delivery and logistics services
Country
China
Age
50 (2021)
Wang Wei is a Chinese billionaire businessman, the Founder and Chairman of SF Express. SF Express is a multinational express delivery services and logistics company. The company is the 2nd largest courier in China as it provides domestic and international express delivery.
It is also known for the SF Airlines which has a fleet of 50 cargo aircrafts. SF Express began in 2009 and has transported more than two million tonnes of cargo till 2018. This is why the SF Express is known as the “Fedex of China.”
As of 16th October 2021, the net worth of Wang Wei is US $28.8 billion, making him one among the richest people in China as well as in Asia.
15. Takemitsu Takizaki
Founder/Chairman
Keyence
Net Worth
$28.5 billion (as of October 2021)
Industry
Technology
Country
Japan
Age
75 (2021)
Takemitsu Takizaki is a Japanese bilionaire businessman, founder and chairman of Keyence. Keyence is a well-known manufacturer of automation sensors, vision systems, barcode readers, laser markers, measuring instruments, and digital microscopes.
The company has many big brands as its clients Toyota, Toshiba, and Volkswagen. Takizaki stepped down as the company chairman but still has a net worth of $28.5 billion, as of 16th October 2021, making him one of the richest people in Japan and Asia.
16. Masayoshi Son
Founder/ CEO
Softbank
Net Worth
US$28.20 billion (as of October 2021)
Industry
Investment
Country
Japan
Age
63 (2021)
Masayoshi Son
Masayoshi Son is a Japanese billionaire entrepreneur, the Founder and CEO of SoftBank and also the chairman of the UK based Arm Holdings. Softbank is a well-known Japanese multinational holding company that operates in the areas of broadband, fixed-line telecommunications, e-commerce, internet, technology services, finance, media and marketing, semiconductor design, etc.
The company was also ranked 36th in the list of Forbes Global 2000. Masayoshi Son’s net worth is estimated to be $28.2 billion as of 16th October 2021, making him the one of the richest people in Japan and the 16th richest person in Asia. Masayoshi was also ranked as the 45th in the list of Most Powerful People, according to Forbes.
Country Garden Holdings and Bright Scholar Education Holdings
Net Worth
US $27.3 billion (as of August 2021)
Industry
Real Estate
Country
China
Age
40 (2021)
Yang Huiyan
Yang Huiyan is a Chinese billionaire businesswoman, Property developer and a majority stakeholder of Country Garden Holdings, 70% of shares of the company were transferred to her by her father Yang Guoqiang in 2007.
The Country Garden is a property development company that constructs buildings and manages hotels in China, owned by Yang’s family. The company was ranked 147thin the Fortunes Global 500 list. Country Garden has more than 200 high-end township developments in countries like China, Malaysia, and Australia.
As of August 2021, Yang Huiyan’s net worth is estimated to be $27.3 billion, making her not only the richest woman in China but also the richest woman in Asia.
Qin Yinglin is a Chinese billionaire, founder and chairman of Muyuan Foodstuff. Muyuan is a popular pig breeding and distribution company that breeds and sells pigs and pork products. Qin is known to have started the company with his wife in 1992, and by 2019 the company made $3 billion.
The agriculture billionaire is known to be the “the country’s largest pig breeder in the world’s biggest pork market”, according to Forbes. Qin is famous as the world’s richest farmer. His net worth is estimated to be $25 billion, as of 16th October 2021. This makes him one of the richest people in China and in Asia.
Pang Kang is a Chinese billionaire businessman and the chairman of a popular food and beverage company known as Foshan Haitian Flavoring and Food Co. The company manufactures a wide variety of sauces and flavoring, it is also the largest manufacturer of Soy Sauce in the world.
Based in China’s Guangdong providence, the food company made $2.9 billion in 2019, within five years of its launch. Foshan also makes over 200 different condiments such as oyster sauce, hoisin, shrimp, vinegar, and chicken stock.
As of 16th October 2021, the net worth of Pang Kang is over $23.80 billion, making him one of the richest people in China and in Asia as well.
20. Li Xiting
Founder/Chairman
Shenzhen Mindray Bio-Medical Electronics
Net Worth
US $21.30 billion (as of October 2021)
Industry
Medical Electronics
Country
Singapore
Age
70 (2021)
Li Xiting is a Singaporean billionaire, Founder and former Chairman of Shenzhen Mindray Bio-Medical Electronics. Over the year the billionaire has been one of the pioneers in the world of healthcare. While his company is known to operate in 30 countries and have over 17 subsidiaries.
Mindray is known for its healthcare devices such as health monitoring systems, ventilators, defibrillators, anesthesia machines and infusion systems. According to Forbes, Li Xiting is the richest person in Singapore in 2020. As of 16th October 2021, the net worth of Li Xiting is $21.30 billion, making him the richest Singaporean and among the richest people in Asia.
Who are the top three richest people of the world?
The top three billionaires of the world are Elon Musk, with a net worth of $203.4 billion, followed by Jeff Bezos with $197.7 billion and Bernard Arnault with $193.2 billion, as of 16th October 2021.
Who are the top ten richest people of Asia?
The top ten richest billionaires of Asia are Mukesh Ambani, Zhong Shanchan, Gautam Adani, Robin Zeng, Ma Huateng, Zhang Yiming, Jack Ma, Li Ka Shing, He Xiangjian, Le Shau Kee.
Who are the other top people of Asia?
The other top billionaires of Asia are He Xiangjian, Ding Lei, Li Ka Shing, Yang Huiyan, Wang Wei, Pang Kang, Li Xiting, Qin Yinglin and Takemitsu Takizaki.
A crisis is any event or period that will lead, or may lead, to an unstable and dangerous situation affecting an individual, group, or all of society. Crises are negative changes in human or environmental affairs, especially when they occur abruptly, with little or no warning. – Wikipedia
Ever since the inception of human life on the planet earth, or even before that time, We have faced Crisis. So much so that it is a part of life and we don’t deface the fact anymore. Crisis has taught us that we lack something, and we need to work more on the present systems to make things more liveable. Making us more decisive, it cures indecision. This is a kind of help in our constant journey of making things better. However, We humans are the dominant species in nature.
Why, you may ask ? Because we have hacked evolution !
Ours is the only species that has decided to actually become better or more efficient without waiting for the process of evolution to take place (that is always slow). So, we are the only animal who has hacked evolution. That makes us the most fast-paced living species than anyone. Does that mean we don’t have a crisis anymore? No, we get crises every now and then to showcase us that some things are just so fickle. A house of cards.
We all are terrestrial mammals, we live on earth, land. Build houses and earn a living. Housing or real estate is a super demanded domain in this world. As population boosts we will want more and more houses, dwellings to accommodate people. Amongst the constantly rising demands for land, it is very imperative for all of us to make sure that land is distributed justifiably. To provide for the need that is round-the-clock. Not to mention, being such a big sector, Housing sector or real estate sector is not oblivious to shockwaves, you know CRISIS. Whenever a wave hits this epicentre, human lives move. It moves to that extent of magnitude which we cannot even measure on a Richter scale.
China is the world’s most populous country on the globe. Most humans live there. Housing sector is as big as it gets. It has seen its share of crises in this magnanimous sector. A really big economy. It has seen his share of strides and waves of uncertainties on his pupils. Lets see an example for clarity.
Real estate in China is developed and managed by public, private, and state-owned red chip enterprises. In the years leading up to the 2008 financial crisis, the real estate sector in China was growing so rapidly that the government implemented a series of policies—including raising the required down payment for some property purchases, and five 2007 interest rate increases- due to concerns of overheating. But after the crisis hit, these policies were quickly eliminated, and in some cases tightened.
The Chinese property bubble (2005-2011) was a real estate bubble in residential and/or commercial real estate in China. The phenomenon has seen average housing prices in the country triple from 2005 to 2009. It deflated in 2013.
Massive doesn’t even begin to describe the situation with China’s property market, but that’s somewhat expected with a population of 1.4 billion people.
And as the chart below shows, the bubble keeps on getting bigger!
China Real Estate Bubble
Well we know that this thing is of the past. This was a crisis and China hopefully learned some things from it. That’s why storms come, to make us more stable. This article is not about the past but for the future. This point in time, we are gonna see another crisis. Maybe more tense than the past. Maybe a more lethal Than past. So, what is it this time ?
EverGrande Crisis in China
China’s second biggest real estate mogul EverGrande is facing a crisis. To be more precise the company is going through financial difficulties. It is having liquidity issues to pay back its lenders. To give you some context, China’s real estate market has been booming in the recent past and to capture the trend and grow, Evergrande had taken up so much debt that they are struggling to pay it off now. The magnitude of this upcoming crisis is such that, if it collapses, people will lose homes. Not only China’s economy but the global economy as a whole could be affected. Lets see what is the scene here,
The Evergrande Group or the Evergrande Real Estate Group (previously Hengda Group) is the second largest property developer in China by sales, having developed projects in over 170 cities in China. It is ranked 122nd on the Fortune Global 500. It was founded in 1996 by Xu Jiayin. It sells apartments mostly to upper and middle-income dwellers. In 2018, it became the most valuable real estate company in the world. Evergrande Group owns 565 million square metres of development land and real estate projects in 22 cities, including Guangzhou. The company and Alibaba own 50 percent each in Guangzhou Football Club and Evergrande football school is the biggest football school in the world. In the year 2009, the company filed for an IPO, An Initial Public Offering to get public
As of September 2021, the company is at risk of defaulting on its debt. An estimated 1,500,000 customers could lose deposits on Evergrande homes that have yet to be built.
“I think ultimately the Chinese authorities will step in to make sure at least the wider financial system doesn’t run into a crisis,”. “If you’re a property developer you’re facing a few bleak months ahead. The key distinction I think is policymakers will allow property developers to suffer considerable pain, but they’ll step in to make sure the banking system is okay.” – Mark Williams, chief Asia economist at Capital Economics.
Kotak tweeted, the threat over China’s second-largest real estate developer reminded him of Infrastructure Leasing & Financial Services (IL&FS). Last year in September, the infra leasing and financial services company wasn’t able to pay its debt due to shortage of funds. The financial services market felt the tremors, and led to a liquidity crisis. However, the government came to its rescue and hand-picked nominees to replace the board in October. It had extended Kotak’s term as non-executive chairman of the debt-ridden group by one year.
Lauding the government’s swift decision-making, the 62-year-old veteran banker said the Indian leaders provided calm to financial markets. “The government-appointed board estimates 61% recovery at IL&FS. Evergrande bonds in China trading, approximately 25 cents to a dollar,” he wrote.
The Lehman Brothers Financial Crisis
Lehman Brothers Holdings Inc. was a global financial services firm founded in 1847. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, and Merrill), with about 25,000 employees worldwide. It was doing business in investment banking, equity and fixed-income sales and trading (especially U.S. Treasury securities), research, investment management, private equity, and private banking. Lehman was operational for 158 years from its founding in 1850 until 2008.
The bankruptcy of Lehman Brothers on September 15, 2008 was the climax of the subprime mortgage crisis. After the financial services firm was notified of a pending credit downgrade due to its heavy position in subprime mortgages, the Federal Reserve summoned several banks to negotiate financing for its reorganisation. These discussions failed, and Lehman filed a Chapter 11 petition that remains the largest bankruptcy filing in U.S. history, involving more than US$600 billion in assets.
The bankruptcy triggered a 4.5% one-day drop in the Dow Jones Industrial Average, then the largest decline since the September 11, 2001 attacks. It singled out a limit to the government’s ability to manage the crisis and prompted a general financial panic. Money market mutual funds, a key source of credit, saw mass withdrawal demands to avoid losses, and the interbank lending market tightened, threatening banks with imminent failure. The government and the Federal Reserve system responded with several emergency measures to contain the panic.
Radhika Gupta (MD and CEO of Edelweiss) said in a public notice that the real estate sector is highly regulated, given the large role it plays in the Chinese economy. In synopsis, the fund managers(at Edelweiss) do not think that the sector is facing systematic risk(Risk inherent to the entire market). The government is prioritising this issue and rapid regulations are expected. She also advised that investors with a long term horizon should stay patient as fund managers at Edelweiss see a transitory volatility.
Tweeted as a part of a disclaimer, the Edelweiss Greater China Equity Offshore Fund was at its highest risk on the Riskometer.
Dear Shareholders, I am pleased to present the reports of China Evergrande Group (“Evergrande” or the “Company”) and its subsidiaries (the “Group”) for the year ended 31 December 2020. The Group’s turnover and gross profit for the year amounted to RMB507.2 billion and RMB122.6 billion respectively. Net profit was RMB31.4 billion. Core business profit was RMB30.13 billion. In order to repay the trust and support of shareholders, the Board recommended the payment of a final dividend of RMB0.152 per share for the year 2020, which will be distributed upon approval at the general meeting of the group. – Prof Hui Ka Yan (Chairman of the Board of the Group, Chairman of the real estate group)
This is quoted from the annual report of 2020 of the company. It paid a dividend. The company was saying it out loud and clearly, that we are fine, Everything is fine, we are paying dividends, Take your profits share, shareholders. Well now we see the whole big picture, Loud and clear.
Evergrande founder and Chairman Hui Ka Yan continued his precipitous drop in Bloomberg’s wealth ranking as the company’s shares fell to their lowest in a decade. His fortune now stands at $7.3 billion, down from a peak of $42 billion in 2017.
Smothered by a $300 billion liabilities burden that has crushed its credit rating, share prices and reputation among a once-adoring public. Throughout last week, the concourse outside Evergrande’s mirrored offices in the southeastern city of Shenzhen was occupied by unpaid contractors, angry sales agents and investors scenes echoed across a country where prolonged protest is rarely tolerated.
Now, as default appears all but inevitable, fears are abounding of a contagion within the Chinese property market — and far beyond.
The month of September is typically when real estate companies in China record higher contract sales of properties. However, the ongoing negative media reports concerning the Group have dampened the confidence of potential property purchasers in the Group. The Company expects a significant continuing decline in contract sales in September, thereby resulting in the continuous deterioration of cash collection by the Group which would in turn place tremendous pressure on the Group’s cash flow and liquidity.
Here is a little excerpt of previous financial statement to back the downward trend in operations of the company.
Balance Sheet Excerpt of last year.
As disclosed in the Operating Statistics Announcements, the contract sales of properties of the Group in each of June, July and August 2021 amounted to RMB71.63 billion, RMB43.78 billion and RMB38.08 billion, respectively, which showed a decreasing trend.
Announcements and Notices by Evergrande (14 September,2021) The Real estate giant also mentioned in a recent public open notice that –
No material progress on sales of interests in members of the Group
The disposal of the Company’s office building in Hong Kong has not been completed within the expected timetable
The Problems:
The company has $300 Billion debt to bondholders
Property sales declining for months and will continue
Company owes $103 billion to construction companies and other business creditors
Banks are not ready to refinance
Company wants to repay debt in the form of property and parking spaces
China’s Government has imposed limits on the amount of real estate borrowings, which caused bondholders to withdraw their money
EverGrande now needs to pay interest of $83.5 Million on bonds now, with a grace period of 30 days
China stock markets and Global markets, mainly in the US is reacting negatively to the news.
Stock markets globally sank on Monday as investors weighed the risk of a spillover from Evergrande’s debt. Bitcoin dropped 5.4 percent this week to $45,025
China’s property market is majorly affected and we see the 2008 financial crisis all over again.
Evergrande bondholders might sell their other investments too to keep their money as cash at the moment. This might cause market correction
In an effort to flatten the crisis curve, China’s central bank boosted its gross injection of short-term cash into the financial system after concern over a debt crisis at China Evergrande Group roiled global markets. The People’s Bank of China pumped 120 billion yuan ($18.6 billion) into the banking system through reverse repurchase agreements, resulting in a net injection of 90 billion yuan.
Injecting funds to flatten curve.
China bails out the company indirectly by asking borrowers(state owned banks mainly) to take the property and parking spaces and waive off the debt.
Evergrande Crisis Effect on India
Sensex and Nifty are at great heights and thus are more volatile to corrections.
Short term corrections may happen
Over a medium term, India can benefit from the situation because the Chinese crisis cause increased money flow into the Indian markets
This crisis can put the rupee under pressure. If Evergrande is allowed to default, the market could see a massive sell-off with significant contagion risks for global financial markets – HDFC bank economist’s report.
If one single company that owes $304 billion can develop financial exposure to hundreds of lenders, millions of investors in bonds and stocks, and hundreds of thousands of homebuyers, Then we cannot be sure of big corporations anymore in china.
Indian steel still sees a strong spine as evergrande goes to a cash crunch.
Improvement In indian steel sector
Shailendra Kumar, Chief Investment Officer at Narnolia Financial Advisors feels till now Evergrande issue looks localised and Chinese policymakers should be able to handle it using steps like restructuring. He believes the Indian economy and Indian equity market is set for exciting times ahead. “While the global trend of digitalization is a megatrend favouring the Indian economy, domestically, formalization is another megatrend adding further positivity to Indian equities,” he said.
So, what shall happen tomorrow, for sure we can’t predict it to a nice accuracy, But we can surely see that what we are facing is risk, Uncertainty or maybe the silence before a storm. Let’s call it a crisis.
FAQs
What is Evergrande crisis?
Evergrande is an enormous company embedded across China’s financial system and economy, that relies mainly on real estate.
What does Evergrande do?
Evergrande Group is an investment holding company in China. It is involved in real estate business. Evergrande group does development, investment, and management of real estate properties.
Who is the founder of Evergrande Group?
Xu Jiayin (Hui Ka Yan) has founded Evergrande Group, headquartered at Shenzhen, Guangdong, in 1996.
The popularity of Jio isn’t something hidden! We are well-familiar with the immense success of Mukesh Ambani’s Reliance Jio. After establishing its strong position in networking, Mukesh Ambani now aims for building an extremely advanced city near Mumbai, the Megacity. The city is expected to have great features and be entirely modern.
Currently, Mukesh Ambani, and the team are working on the blueprint of the company. This megacity is set with an approx. investment of $75 billion in the upcoming decade.
This project has been approved by Reliance Industries (RIL) which is acting as the special planning authority. Reliance Industries will be managing this project and also, supervise the administration of the city. This project will be cutting out the red tape, transaction time, and cost of the project.
This megacity includes the territory owned by Navi Mumbai Special Economic Zone (NMSEZ), which is around 4,300 acres. This specific land connects with the Jawaharlal Nehru Port Trust and to the construction of the new airport project.
By March 2021, Reliance Industries signed a mutual memorandum understanding with the NMSEZ on the land lease contract and also, the development rights with the preliminary payment of Rs. 2,180 crores.
The project, Megacity, is set up to achieve the immense goals of uplifting the urban infrastructure as being established by a private sector player for the first time in modern India.
Reliance Industries signed the official memorandum of understanding with the Maharashtra Government in order to formulate an economic center at a global level. This would further include the world’s top-notch integrated digital along with the services industrial areas in the form of a global alliance.
The concept of establishing a megacity near Mumbai isn’t a new idea by the Reliance Group of Industries. In fact, when we dug up some history behind this project, it was discovered that it was the dream of Dhirubhai Ambani, the legendary founder of the Reliance Group of Industries.
Dhirubhai Ambani wanted to establish a city with the advancement of the World level, near Navi Mumbai. He first came up with this idea in the early 1980s, when he brought up a project for connecting South Mumbai with Navi Mumbai by road. This project was very well received and would have decongested Mumbai long ago.
Ambani began executing this project in 2005 when he allied with Nikhil Gandhi, founder of SKIL Infrastructure. Together they planned for the formulating an SEZ on mega Chinese SEZs lines. Nikhil Gandhi had been acquiring lands since early 2000. Many sources also mentioned the connection of Tata Group with the SEZ project, but this was eventually outwitted by Ambani who always wanted to work with SEZs.
Ultimately in 2018, the government of Maharashtra permitted the SEZs under Maharashtra Industrial Policy to migrate to various melded industrial areas for marking the available lands for industrial units. Later on, the Navi Mumbai SEZ (NMSEZ) applied for consent to modify the SEZ into the Integrated Industrial Area and received it as well, based on its policy.
This mega project, initiated by Ambani is expected to grow into an extremely successful project just like the remarkable success received by Reliance Industries with its several projects including the Jio and Jamnagar refinery. It would be Supreme, especially in terms of excellence and affordability.
As the government of Maharashtra has already approved the establishment of the Navi Mumbai sea link project that would connect South Mumbai directly to Larsen & Toubro and Tata Projects.
Alongside, the project of establishing a new airport by the GVK-led consortium. Both these projects will be running simultaneously and would offer the connection of industrial township, owning 15% of total land area for the residence and the rest for industrial purposes.
Ambani’s plan for the megacity project is very exclusive and advanced. He ought to build up a never-seen-before infrastructure, similar to its former Jio redux- which kept the whole of India wondering!
According to experts, this megacity project holds the potential to succeed like Reliance Jio, in an extraordinary phenomenon. This exclusive project by Reliance Industries will be opening new levels of transformation in the urban culture and its infrastructure, in India.
Moreover, this is expected to enrich the top real estate analyst, stating this project will lead to overturning migration. This is because the property prices in the megacity will be lesser than in Mumbai. That’s why people would seek more such openings!
Besides, the most intriguing part of this megacity project is that Reliance Industries will not only establish this city but also, work on its administration and also, govern it.
Reliance has been given the special planning authority license for embarking on this. Ambani would be cutting down the costs by eliminating the transaction time and red tape. More simply, this project aims to achieve drastic changes and modifications in the urban infrastructure.
Conclusion
Mukesh Ambani took towards Dhirubhai Ambani’s dream city, by working on a special project of establishing a megacity near Navi Mumbai. Ambani has fetched an investment worth $75 billion for this project.
As approved by all the authorities, Reliance Industries is working on the Blueprint, and soon, they will get on with the construction. This megacity project is functioning exclusively with massive advancement in the urban infrastructure in India.
This would be totally cost-effective and would present properties with affordable rates. Megacity is the initiative to build India with an abundance of technology and modern infrastructure. Stay tuned for more updates!
FAQ
What is the total investment of Mukesh Ambani’s megacity?
The project is expected to draw in as much as $75 billion in investments over the next ten years.
What is the location of Mukesh Ambani’s Megacity?
The megacity will be located in the in the vicinity of Mumbai.
