Adani aims to become trillion-dollar group with Digital Lab business
Adani Group Chairman, Gautam Adani. (Photo by SAM PANTHAKY/AFP/Getty Images).
AFTER Reliance Industries and Tata Group, Adani group is building a super app and hopes to make it the “greatest, the most influential and the most profitable in the world”.
Gautam Adani-led Adani group is pursuing the next phase of growth with the ambition to become a trillion-dollar company by valuation.
“There can be no vision bigger than this,” Adani said while addressing the Group’s Digital Labs team of 78, all youngsters recently. “Adani Digital Labs has the potential to be the biggest business we have built to date. We must be the Ferrari of the digital world,” he said.
Adani said the journey of digital labs started in January this year when two youngsters from the Group’s business development team presented the mock-up of a super app they had built.
Adani said: “Seeing the demo unfold, it took me less than 30 minutes to decide that we must become a player in this space.
“We have an unmatched mix of 400 million end consumers that engage at multiple levels with an Adani product or service spanning Adani airports, Adani Wilmar, Adani Total Gas, Adani Realty, Adani electricity and Adani financial services.
“It was no brainer that a unified digital platform-based approach was required to leverage the unprecedented possibility in this space.
“Today, our end consumer base is growing at 15 per cent. If we can onboard every Adani consumer on our digital platform, we will have over a billion consumer well before 2030.
“I have very little doubt that every one of our own B2C businesses will be engagement driven on a mobile platform.”
Other large businesses are also adopting the digital platform in a big way. The Tata group is also planning to offer a host of products and services across e-commerce, financial services, fashion, lifestyle, among others, under the new super app platform.
Adani Digital Labs is a part of Adani Enterprises.
“I expect you to get us there, even quicker through a combination of accelerated organic expansion and a series of strategic partnerships. Adani Digital Labs is our path to directly reach a billion human,” he urged the young team.
He added that most other super apps are trying to become things they are not.
“In our case, right at launch, we will be able to tell our users exactly what we are, an ecosystem of personalised offering that are unique,” he said.
“I am therefore confident we stand at the doorstep of the Adani brand becoming an inseparable part of billions of lives. Help me solve this challenge where every Indian no matter what their background, begin using the Adani super app to lead a better life and then we will have built the greatest, the most influential and the most profitable super app in the world,” he told the Digital Labs team exhorting them to be a part of the Group’s trillion-dollar valuation ambition.