Gautam Adani, chairman of the Adani Group, plans to retire at age 70 and has outlined his succession plan for his $213 billion business empire. Speaking to Bloomberg, Adani explained that he started planning for succession nearly ten years ago, gradually bringing his sons and cousins into key roles.
Adani’s sons, Karan (37) and Jeet (26), along with their cousins Pranav (45) and Sagar (30), will each hold an equal share in the family trust. He expressed satisfaction with their drive for growth, noting that such ambition is rare in the second generation.
The second generation is already deeply involved in the company. Karan Adani manages sectors like cement, ports, and logistics. Jeet Adani, who was a student when the succession plan began, now oversees the largest network of private airports in India, as well as the defense and digital divisions.
Pranav Adani, who joined in 1999, leads the agro and oil sectors, while Sagar Adani handles the energy and finance aspects of the group.
Gautam Adani to Retire at 70
Gautam Adani, the chairman of the Adani Group, is preparing to retire when he turns 70, according to Bloomberg. Currently, at 62 years old, Adani shared in an interview with Bloomberg News that he plans to pass on the leadership of the Adani Group to his sons sometime in the early 2030s.
He stressed that making this transition smoothly is very important for the long-term health and stability of the company. Adani wants to ensure that his sons are well-prepared to take over so that the business can continue to thrive after he steps down.
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Gautam Adani Plans Smooth Succession
Gautam Adani, chairman of the Adani Group, plans to retire at 70, as reported by Bloomberg. At 62, Adani revealed in an interview that he aims to transfer leadership to his sons in the early 2030s. He emphasized the importance of a smooth transition for the company’s future stability. Adani wants to ensure his sons are well-prepared to lead the business successfully after his departure.
“Succession is crucial for business sustainability. I have left the choice to the next generation to ensure a gradual, organic, and systematic transition,” he stated.
Currently, his sons Karan (37) and Jeet (26), along with his nephews Pranav (45) and Sagar (30), hold significant roles in the company. Adani has asked them whether they prefer to split the group’s businesses or keep them unified. The family has chosen to maintain a single, unified approach even after his retirement.
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Adani Group’s New Leadership Structure
The decision led to the creation of a new four-way leadership structure, dividing business management among the heirs while ensuring they collaborate closely. Their responsibilities don’t match specific units or listed entities. Even shared services like HR, finance, and IT are distributed among the four leaders.
Despite his upcoming retirement, Adani’s successors will make joint decisions, including during crises and major strategic moments. Gautam Adani expresses confidence in his heirs, noting, “I’m pleased they are all eager for growth, which is rare in the second generation. They must work together to build a lasting legacy.”
Gautam Adani to Retire at 70 FAQs
Q.1. What is Gautam Adani’s retirement plan?
Ans. Gautam Adani plans to retire at 70, aiming to pass leadership of the Adani Group to his sons and nephews by the early 2030s.
Q.2. Who will lead the Adani Group after Gautam Adani?
Ans. Gautam Adani’s sons, Karan and Jeet, along with his nephews, Pranav and Sagar, will manage the Adani Group’s businesses in a new four-way leadership structure.
Q.3. What changes are being made to the Adani Group’s leadership structure?
Ans. The Adani Group is implementing a four-way leadership structure, dividing business management among the heirs and sharing common services like HR, finance, and IT.
Q.4. How does Gautam Adani feel about his successors?
Ans. Gautam Adani is confident in his successors’ abilities, praising their ambition and drive for growth, which he finds rare in the second generation.
Q.5. Why is a smooth transition important to Gautam Adani?
Ans. Adani emphasizes the need for a smooth transition to ensure the long-term stability and success of the company after his retirement.
