According to Bloomberg, Gautam Adani, the chairman of the Adani Group has revealed his plans to step down at the age of 70. The 62-year-old businessman shared in an interview with Bloomberg News that he intends to pass on leadership of the Adani Group to his sons in the early 2030s. He stressed the importance of a smooth transition for the company’s long-term success.
Gautam adani retirement plan
As part of his succession plan, Gautam Adani has chosen to entrust decision-making to his second-generation family members. He aimed for a gradual and carefully planned transition that is “organic.” Currently, the Adani Group boasts a market capitalisation of $213 billion. It includes 10 publicly traded companies operating in sectors such as infrastructure, ports, shipping, cement, and solar energy.
Gautam adani son
Adani has two sons, Karan and Jeet, as well as his nephews, Pranav and Sagar, are currently holding key positions within the conglomerate. The family has decided to maintain the unity of the group even after Adani’s retirement. It is leading to the establishment of a four-way leadership structure. This structure divides the management of the businesses among the heirs while emphasizing collaboration and shared responsibilities. It includes common services such as human resources, finance, and IT support. Adani’s successors will continue to make joint decisions. It ensures a unified approach even during crises or major strategic decisions.
