Adani, 62, to step down as Chairman of Adani Group by his 70th birthday in the 2030s, ensuring a smooth succession process.
Adani emphasizes the need for a gradual, organic transition. The second generation will take over, ensuring business sustainability.
Sons Karan and Jeet Adani, and nephews Pranav and Sagar Adani, are named as heirs via the family trust, ensuring equal benefits.
Karan: Adani Ports MD, Jeet: Adani Airports Director, Pranav: Adani Enterprises Director, Sagar: Adani Green Energy Executive Director.
Pranav and Karan Adani are the likely candidates for the Chairman post, focusing on joint decision-making during crises.
Adani Enterprises reported over double profit YoY in Q1FY25, driven by expansion in new energy and renewable energy investments.
Adani Group’s market cap is $213 billion with 10 listed entities in infrastructure, ports, shipping, cement, and solar energy sectors.