CALCULATE YOUR SIP RETURNS

Who Are the Competitors of the Adani Group? A Segment-Wise Breakdown

Written by: Neha DubeyUpdated on: 22 Jun 2025, 3:48 pm IST
Adani Group spans many sectors—but who are its real competitors? Explore key competitors across ports, energy, airports, FMCG, and more.
Who Are the Competitors of the Adani Group? A Segment-Wise Breakdown
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

The Adani Group, one of India's largest conglomerates, operates in diverse sectors ranging from energy and ports to airports and FMCG. But who are its biggest Competitors? Here’s a segment-wise look at Adani Group’s major competitors across industries.

Adani Ports & Logistics: Key Competitors

Adani Ports and Special Economic Zone (APSEZ) is India’s largest private port operator, managing major ports like Mundra, Dhamra, and Krishnapatnam. Below is a list of Adani Group’s key competitors in the ports and logistics sector:

Adani Power: Key Competitors

Adani is a leading player in thermal power generation and one of the fastest-growing renewable energy companies. Below is a list of Adani Group’s key competitors in the power sector:

  • Tata Power– One of India’s largest integrated power companies with a diversified portfolio in thermal, hydro, solar, and wind energy.
  • Torrent Power– A strong player in power generation, transmission, and distribution, especially across Gujarat, Maharashtra, and Uttar Pradesh.
  • CESC Ltd – A key private utility serving Kolkata and parts of Rajasthan and Maharashtra, with operations spanning generation and distribution.

Adani Green Energy: Key Competitors

Adani Green Energy is one of India’s largest renewable energy companies, with a growing portfolio in solar, wind, and hybrid power projects. Below is a list of Adani Group’s key competitors in the green energy sector:

  • NTPC Ltd– India’s largest power producer, NTPC has been rapidly expanding its renewable energy capacity, with ambitious solar and wind power targets.
  • JSW Energy – A diversified energy company making major investments in green energy, including solar, wind, and energy storage projects.
  • Jaiprakash Power Ventures Ltd– Though traditionally focused on hydro and thermal, the company is also exploring opportunities in renewable energy to diversify its portfolio.

Airports: Key Competitors

Adani Airports manages 7 airports, including Mumbai, Ahmedabad, and Lucknow. Below is a list of Adani Group’s key competitors in the airports management and ownership sector:

  • GMR Group – Operates Indira Gandhi International Airport (Delhi) and Hyderabad Airport.
  • Fairfax India Holdings – Owns a controlling stake in Bangalore International Airport Ltd (BIAL).

Cement: Key Competitors

Adani entered the cement business by acquiring Ambuja Cement and ACC. Below is a list of Adani Group’s key competitors in the cement sector:

Adani Wilmar – Key Competitors

Adani Wilmar (maker of Fortune edible oils and foods) is a joint venture between Adani and Wilmar International. Below is a list of Adani Group’s key competitors in the FMCG sector:

Adani Total Gas: Key Competitors

Adani Total Gas operates in city gas distribution (CGD), offering piped natural gas (PNG) and CNG for vehicles. Below is a list of Adani Group’s key competitors gas distribution sector:

Read More: Adani Group's Tax Contribution Surges: A Big Boost to India's Exchequer.

Conclusion

Adani Group’s presence across diverse sectors makes it one of India’s most influential conglomerates. Each of its business verticals functions within a competitive landscape shaped by both established and emerging players.

This segment-wise overview provides a snapshot of the key companies operating in similar spaces. Understanding these dynamics helps place the Group’s strategic decisions in context and offers insight into the evolving landscape of India’s infrastructure and consumer-focused sectors.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jun 19, 2025, 5:16 PM IST

Neha Dubey

Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.

Know More

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Join our 3 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3 Cr+ happy customers