The Adani Group has shared its tax contributions for the financial year 2023-24, showing a big increase from the previous year. According to its Tax Transparency Reports, the group paid a total of Rs 58,104.4 crore in taxes and other contributions, compared to Rs 46,610.2 crore last year. These payments were made through its listed companies, including Adani Enterprises, Adani Ports, Adani Green Energy, and others, along with holdings like NDTV, ACC, and Sanghi Industries. This rise in tax payments reflects the group’s growth and its increasing role in India’s economy.
Gautam Adani, Chairman of the Adani Group, said that tax transparency is an important part of the company’s values and commitment to responsible business. He explained that paying taxes is not just about following the rules but also about supporting the country’s development. The report gives a clear breakdown of the taxes, duties, and fees paid directly by Adani companies, as well as the taxes they collect and pay on behalf of others. It also includes details about social security payments for employees, showing the group’s contribution beyond just business profits.
As global tax rules continue to change, the Adani Group is voluntarily sharing its tax details to build trust with investors and regulators. The company has also hired an independent agency to verify its tax payments, ensuring transparency and accuracy. The full reports, available on the websites of its listed companies, give a complete picture of Adani’s tax contributions and its efforts to follow responsible business practices.
