| Integrated Resources Management | Supply chain and processing of edible oils, packaged foods and oleochemicals. | Strong supply chain, port-based refineries, brand presence in retail. | B2B and B2C, FMCG, food industry customers. | Consumer packaged foods and branded edible oil products. | 39264 | 40 | Sales of consumer goods and B2B supply chain services. | Direct sales and volume-based contracts. | Rising consumer demand, export markets expansion, value-added edible oil products. | Adani Wilmar, IRM Services |
| Mining Services | Coal and mineral mining operations and contract mining services. | Integrated mining assets with captive washeries, large coal block portfolio. | Power plants, steel manufacturers, industrial clients (B2B). | Operational contracts with higher dispatch volumes. | 3736 | 4 | Mining services contracts and mineral sales. | Contract based and volume linked revenues. | Infrastructure demand, power sector growth, mining blocks ramp-up. | Adani Mining Services |
| Commercial Mining | Commercial coal mining operations and sales. | First mover in commercial captive coal mining in India. | Power producers and industrial coal consumers. | Operational mines with washeries. | 7031 | 7 | Coal sale revenues from mines. | Sale based revenue model. | Increasing commercial mining volumes and coal demand shifts. | Adani Commercial Mining |
| New Energy Ecosystem | Solar module and cell manufacturing, wind turbines, green hydrogen production. | Technology leadership, vertical integration, global certifications. | Renewable energy firms, utilities, industries. | High efficiency solar modules and wind turbines. | 13965 | 14 | Product sales and long-term supply contracts. | Direct product sales and volume contracts. | Government green energy push, technology upgrades, renewable capacity add. | Adani New Industries, Adani Solar |
| Airport | Airport management, operations, passenger services, and non-aero commercial activities. | Market share in major Indian airports, long-term concessions. | Airlines, passengers, retail tenants (B2B and B2C). | Non-aero revenues like duty-free and parking. | 10016 | 10 | Landing fees, passenger usage fees, commercial leases, non-aero income. | Concession agreements, volume based fees, commercial leases. | Passenger traffic growth, new routes, non-aero commercial expansion. | Adani Airport Holdings (Mumbai, Navi Mumbai, Jaipur, Guwahati, others) |
| Road | Infrastructure development and operation of highways and expressways. | Long-term concession contracts and project pipeline. | Passengers, logistics companies (B2C and B2B). | Operational toll roads with steady traffic. | 9694 | 10 | Toll collections, annuity payments, government contracts. | Hybrid annuity model and toll-based revenues. | Infrastructure development plans, Expressway projects like Ganga Expressway. | Adani Roads Transport Ltd |
| Others | Defense manufacturing, media holdings, specialty chemicals, and other diversified services. | Government partnerships and diversified portfolio. | Defense sector, media consumers, industrial clients. | Defense manufacturing and media advertising. | 29722 | 30 | Sales, contracts, and service fees. | Contract and product sales. | Defense contracts, media expansion, specialty manufacturing growth. | Adani Defence, ADANI Media, Others |
