Meet Rajiv Jain who gained Rs 17,000 crore in 9 months via Adani shares

Just nine months following GQG Partners' acquisition of shares in the troubled Adani Group, Rajiv Jain, an Indian-American investor, has reaped massive gains amounting to over Rs. 17,000 crore. (Image source: Bloomberg)

Rajiv Jain stood as the initial prominent investor to support Adani after Hindenburg report significantly diminished the company's market value on the stock market. (Image source: Reuters)

Jain's investment, made around the time of the Adani stock downturn, saw a surge this week following the conglomerate's green energy unit obtaining a $1.4 billion loan and a Bloomberg News report dismissing shortseller Hindenburg Research's allegations as insignificant. (Image source: Bloomberg)

Adani group’s stocks also saw a relief rally in its shares late last month after India’s top court said it won’t take scathing media reports on the conglomerate as the “gospel truth” even as it reserved verdict on its probe into Hindenburg’s allegations. (Image source: PTI)

In recent months, the conglomerate has successfully refinanced a $3.5 billion loan as well as acquired a local cement maker, demonstrating its ability to bounce back after the Hindenburg broadside in January that accused the conglomerate of accounting fraud and stock price manipulation. (Image source: Reuters)

Jain, who cut against the grain when he bought Adani shares in March, told Bloomberg in an April interview that these investments 'could be multibaggers' over five years. (Image source: ANI)

He is the founder GQG Partners Inc.. He is the chairman and the chief investment officer of the company based in the United State's Fort Lauderdale. He founded the company in 2016 and listed it on the Australian Stock Exchange in October 2021. (Image source: Agencies)

He was born in India. He moved to the US in the 1990s to pursue MBA in Miami. (Image source: Bloomberg)