Latest news with #AdaniOne
India.com
5 days ago
- Business
- India.com
Gautam Adani cancels plan to launch Super App, what led to the sudden move? Explained
Gautam Adani (File) The Gautam Adani Group has reportedly decided to cancel its plan to launch a super app for users. According to a Bloomberg report that quoted sources, the group's digital unit was facing financial losses and internal disagreements. These issues led the company to drop the plan. The report also said that Nitin Sethi, the Chief Digital Officer who was in charge of the digital unit, resigned along with several other employees. This happened during an internal review related to poor management of the business. Adani one was launched in 2022 Adani One was introduced in December 2022 by Adani Digital Labs, a part of Adani Enterprises Limited. The digital platform, launched in 2022 as 'Adani One', was designed to be a one-stop platform for consumers, combining a range of services like travel, shopping, bill payments, and other lifestyle utilities. As per the company's annual report, the app handled transactions worth Rs. 750 crore (about USD 90 million) in the 12 months ending in March 2024. The company had set a goal to reach 500 million users by the end of this decade. Last year, the app had around 30 million users. Goal to reach 500 million users on its super app The Adani Group had set a long-term goal to reach 500 million users on its super app by 2030. Gautam Adani, the Group's Chairman, had once called it a vision to create the 'Ferrari of the digital world.' By March 2024, the app had gained about 30 million users. However, despite this early interest, it failed to maintain steady growth or generate a reliable source of income. As per the report, the slow progress of the project led to internal changes earlier this year. After merging the digital unit, several senior leaders resigned. This included Adani's Chief Digital Officer, who was leading the super app initiative, he quit while an internal review into how the project was being handled was still going on. Around the same time, many other team members involved in the app also left the company. Adani Group exits FMCG business This news comes at a time when the Adani Group is also moving out of the FMCG (Fast-Moving Consumer Goods) sector. As part of this move, the group has sold its entire stake in AWL Agri Business, which was earlier known as Adani Wilmar. The group said it made this decision to exit the FMCG space so that it can focus more on its core business—infrastructure. AWL Agri Business is known for selling cooking oils and other food products under the Fortune brand. The company for now, is said to be refocusing on its traditional strengths in infrastructure, energy, logistics, and airports.
Time of India
6 days ago
- Business
- Time of India
Adani Group shelves super app ambitions amid mounting losses, internal strain
Academy Empower your mind, elevate your skills The Adani Group has scrapped its plans to launch a consumer-facing super app , Bloomberg reported citing sources aware of the decision comes after the Gautam Adani-led conglomerate reportedly faced mounting financial losses and internal disagreements, the report in December 2022, Adani One was developed by Adani Digital Labs under Adani Enterprises Ltd. Initially designed as a travel-focused platform, the app allowed users to book flights, hotels, and access services at Adani-operated the 12 months ending March 2024, it facilitated transactions worth ₹750 crore ($90 million), according to the company's annual its narrow service base, the group had ambitious targets. It aimed to reach nearly 500 million users by the end of the decade. However, the app currently has only about 30 million users, as per a Bloomberg report dated July shelved initiative was meant to be similar to offerings by Tata Neu and Reliance Jio
Bloomberg
6 days ago
- Business
- Bloomberg
Adani Pulls Back From Super App Plan as Losses Mount, Fires Executives
The Adani Group has shelved its plans to build a consumer-facing super app after incurring significant losses and internal turmoil, people familiar with the matter said, marking a retreat from its ambitions to build ' the Ferrari of the digital world.' The Indian conglomerate folded its standalone digital unit, Adani One, into its airport holdings division earlier this year, the people said, asking not to be identified discussing private information. Chief Digital Officer Nitin Sethi, who was overseeing the unit, along with several employees have left the organization amid an internal probe into mismanagement of the business, they said.
Time of India
19-07-2025
- Business
- Time of India
60 flights a day from Navi Mumbai airport from October: Will scale to 300 in six months, says Adani Airports director Jeet Adani; to offer real-time updates via app
Image Credit: Adani Group AHMEDABAD: Navi Mumbai International Airport (NMIA) is likely to be inaugurated around Sep 30, and within a fortnight operations will start with 60 daily flights, reaching up to 300 in six months, Adani Group director (airports) Jeet Adani told TOI exclusively on Friday. He said the demolition of T1 at Mumbai (CSMIA) will be completed in 2029-30 once NMIA gets its second terminal, reports Saurabh Sinha. The new T1 at CSMIA will be ready by 2032. Work has started on NMIA T2 and construction will begin in 6-12 months of the new airport getting operational. He said the Adani Group has asked the Airports Economic Regulatory Authority to consider CSMIA and NMIA as one airport with common charges. When general aviation flights are shifted to Navi Mumbai next year, charters and business jets will continue to fly into CSMIA but will not be allowed to park. The much-awaited Navi Mumbai International Airport (NMIA) will see both domestic and international flights this Oct, a week to 15 days after inauguration on or around Sep 30. Starting with 60 daily flights (30 arrivals and as many departures) in the first month, the number will double after 30 days and then reach the 240-300 mark in six months. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo In its first phase, with a capacity of 2 crore passengers annually (CPA), the greenfield airport will handle 400 daily flights within a year, Adani Group director (airports) Jeet Adani told TOI on Friday in an exclusive interaction. "We aim to have both domestic and international operations at NMIA from day one. If that does not happen for some reason, both will start for sure within the same month (Oct). The ratio of domestic and international flights will be 4:1 as T1 domestic capacity is 1.7 CPA and int'l is 30 LPA (lakh per annum). We have the flexibility to increase international passengers, based on demand," Adani said. While in its initial days connectivity may be an issue, eventually NMIA will be well-connected with a network of roads, rail, metro, air taxis and water connectivity. An aerocity is being developed that will, among other things, have hotels in all ranges from budget to luxury. "We have kept a digital first mindset at NMIA T1 with every service going to be digitally enabled from day one and the airport will be managed in a smart manner. From a consumer point of view, we will be able to give all the information in real time. Logging on to Adani One app, passengers will be able to know that their check-in bag is now on belt number so & so and we plan to do it from the day the airport gets operational. There will be no need to congregate at the belt and keep looking for one's check-in bag/s," Adani said. The digital footprint aims to change flyer "anxiety to excitement". "What are the biggest flyer concerns? 'Will I miss my flight? How long are the queues at various touchpoints? I forgot to pick up something for loved ones!' Scanning the boarding card will give all info on the app. So if you're able to give them information that 'relax, your walking time to gate is exactly so many minutes or that boarding hasn't started or your aircraft hasn't even landed yet, they will be able to comfortably explore the airport'," he said. Running both Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA) and NMIA, the group has identified catchment areas for both. For people in the northern suburbs of Mumbai like Borivli, Kandivli and Virar, NMIA will be a long way off and they will continue to opt for CSMIA. "The eastern Mumbai catchment area all the way to Pune will find NMIA perfect for them as they won't have to enter the city. South Mumbai will be equidistant from both airports," Adani said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
18-07-2025
- Business
- Time of India
60 daily flights from Navi Mum by mid-Oct: Adani Airport head
Ahmedabad: Navi Mumbai International Airport (NMIA) is likely to be inaugurated around Sep 30, and within a fortnight operations will start with 60 daily flights, reaching up to 300 in six months, Adani Group director (airports) Jeet Adani told TOI exclusively on Friday. He said the demolition of T1 at Mumbai (CSMIA) will be completed in 2029-30 once NMIA gets its second terminal, reports Saurabh Sinha. The new T1 at CSMIA will be ready by 2032. Work has started on NMIA T2 and construction will begin in 6-12 months of the new airport getting operational. He said the Adani Group has asked the Airports Economic Regulatory Authority to consider CSMIA and NMIA as one airport with common charges. When general aviation flights are shifted to Navi Mumbai next year, charters and business jets will continue to fly into CSMIA but will not be allowed to park. The much-awaited Navi Mumbai International Airport (NMIA) will see both domestic and international flights this Oct, a week to 15 days after inauguration on or around Sep 30. Starting with 60 daily flights (30 arrivals and as many departures) in the first month, the number will double after 30 days and then reach the 240-300 mark in six months. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025 Hyundai Palisade: Bold Redesign Unveiled! New Hyundai 2025 Learn More Undo In its first phase, with a capacity of 2 crore passengers annually (CPA), the greenfield airport will handle 400 daily flights within a year, Adani Group director (airports) Jeet Adani told TOI on Friday in an exclusive interaction. "We aim to have both domestic and international operations at NMIA from day one. If that does not happen for some reason, both will start for sure within the same month (Oct). The ratio of domestic and international flights will be 4:1 as T1 domestic capacity is 1.7 CPA and int'l is 30 LPA (lakh per annum). We have the flexibility to increase international passengers, based on demand," Adani said. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai While in its initial days connectivity may be an issue, eventually NMIA will be well-connected with a network of roads, rail, metro, air taxis and water connectivity. An aerocity is being developed that will, among other things, have hotels in all ranges from budget to luxury. "We have kept a digital first mindset at NMIA T1 with every service going to be digitally enabled from day one and the airport will be managed in a smart manner. From a consumer point of view, we will be able to give all the information in real time. Logging on to Adani One app, passengers will be able to know that their check-in bag is now on belt number so & so and we plan to do it from the day the airport gets operational. There will be no need to congregate at the belt and keep looking for one's check-in bag/s," Adani said. The digital footprint aims to change flyer "anxiety to excitement". "What are the biggest flyer concerns? 'Will I miss my flight? How long are the queues at various touchpoints? I forgot to pick up something for loved ones!' Scanning the boarding card will give all info on the app. So if you're able to give them information that 'relax, your walking time to gate is exactly so many minutes or that boarding hasn't started or your aircraft hasn't even landed yet, they will be able to comfortably explore the airport'," he said. Running both Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA) and NMIA, the group has identified catchment areas for both. For people in the northern suburbs of Mumbai like Borivli, Kandivli and Virar, NMIA will be a long way off and they will continue to opt for CSMIA. "The eastern Mumbai catchment area all the way to Pune will find NMIA perfect for them as they won't have to enter the city. South Mumbai will be equidistant from both airports," Adani said.
