On February 23, 2025, Adani Group released its Tax Transparency Report for the financial year 2023-24, highlighting an impressive ₹58,104 crore contribution to global taxes and public finances.
This substantial figure represents a significant increase from the previous year’s ₹46,610 crore and reflects the group’s commitment to transparent corporate practices.
Seven Listed Companies Included In The Report
The report covers the tax contributions of seven listed Adani companies, including Adani Enterprises, Adani Ports & SEZ, Adani Green Energy, Adani Energy Solutions, Adani Power, Adani Total Gas, and Ambuja Cements.
Additionally, the report includes taxes contributed by NDTV, ACC, and Sanghi Industries, which are owned by the group’s listed companies.
Commitment To Transparency & Governance
Adani Group Chairman Gautam Adani emphasized that transparency is the foundation of trust, which is essential for sustainable development.
In addition, he remarked, “As one of India’s largest taxpayers, our responsibility extends beyond mere compliance.
We are committed to operating with integrity and accountability, contributing every rupee to the nation’s financial system.”
Building on this, he highlighted that through this voluntary initiative, Adani Group aims to enhance transparency, strengthen stakeholder trust, and set new standards for responsible corporate behavior.
Moreover, the report underscores the importance of transparency in the global tax system, with the group showcasing its significant role in promoting accountable business practices.
Purpose Of The Tax Transparency Report (TTR)
In an evolving global tax landscape, leading companies are voluntarily publishing Tax Transparency Reports, even when not mandated.
These reports aim to attract stakeholder attention, gain credibility, and establish high standards for tax transparency.
The TTR includes direct, indirect, and other contributions made by Adani companies in the global tax ecosystem.
The Report Provides Detailed Information on:
- Direct Contributions: Global taxes, duties, and other obligations borne by Adani portfolio companies.
- Indirect Contributions: Global taxes and fees collected and paid on behalf of other stakeholders.
- Other Contributions: Social security contributions and other payments made for employee benefits.
- Adani Group has also appointed a professional agency to provide an independent assurance report, further validating its global tax contributions and tax policy approach.
Building Trust Through Transparency
By voluntarily publishing its global tax contributions, Adani Group not only strengthens its commitment to economic development but also demonstrates its unwavering dedication to transparency, integrity, and responsible corporate governance.
In addition, the Tax Transparency Reports for each of the seven companies are readily accessible on their respective company websites, further showcasing the group’s commitment to open and accountable business practices.
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