Gautam Adani, the billionaire founder and chairman of the Adani Group, has announced a succession plan that will see him step down from his role in the next 8 years. Adani, who is currently 60 years old, has revealed that he will gradually hand over the reins of the company to his sons, Karan and Jeet, in the early 2030s.
According to sources, Adani has been planning his succession for some time now and has been grooming his sons to take over the business. Karan, who is currently the chief executive officer of Adani Ports and Special Economic Zone, and Jeet, who is the vice chairman of Adani Group, are expected to play key roles in the company’s future.
Adani has stated that he will continue to be involved with the company as a mentor and advisor, but will gradually reduce his day-to-day involvement over the next 8 years. He has also established a clear timeline for the transition, with his sons expected to take over key leadership roles in the early 2030s.
The succession plan is seen as a significant development for the Adani Group, which has grown rapidly under Adani’s leadership to become one of India’s largest conglomerates. The company has interests in a range of sectors, including energy, infrastructure, and logistics.
Adani’s decision to step down and hand over the reins to his sons is seen as a positive move for the company, as it will ensure a smooth transition and continuity of leadership. The move is also expected to help the company navigate the challenges of a rapidly changing business environment.
The Adani Group has been expanding rapidly in recent years, with a number of high-profile acquisitions and investments. The company has also been investing heavily in new technologies and sustainability initiatives, as it looks to position itself for future growth.
Overall, Adani’s succession plan is seen as a significant development for the Adani Group, and is expected to help the company continue its rapid growth and expansion in the years to come.