Adani Group Chairman Gautam Adani will step down at the age of 70. Gautam Adani is currently 62 years old. The Adani Group chairman said that he plans to hand over control of the group to his sons and nephews in the early 2030s. Gautam Adani revealed this plan in an interview to Bloomberg. When Gautam Adani retires, his four successors – sons Karan and Jeet, as well as nephews Pranav and Sagar – will become equal beneficiaries of the family trust, according to the descendants.
Share will be given through confidential agreement
Citing people familiar with the matter, Bloomberg reported that a confidential agreement would direct the transfer of stakes in group companies to heirs. News agency Reuters tried to seek a response from the Adani Group in this matter, but did not receive an immediate response.
Who holds which position in Adani Group right now?
According to the Adani Group website, Gautam Adani’s elder son Karan Adani is the managing director of Adani Ports, while his younger son Jeet Adani is the director of Adani Airports. According to the website, Pranav Adani is the director of Adani Enterprises and Sagar Adani is the executive director of Adani Green Energy.
Who will become the chairman of Adani Group
Karan and Pranav are seen as the strongest candidates to become chairman. Gautam Adani said, “Succession is very important for the stability of the business. I have left this option to the second generation because the change should be organic, gradual and very systematic.”
The whole family will take decisions together in times of trouble
Adani’s children said that when Gautam Adani leaves his post, the entire family will continue to take decisions together in case of crisis or any major strategic call. This report comes at a time when Adani Enterprises, the flagship company of the Adani Group, has more than doubled its profit in the first quarter of the financial year 2024-25.
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