Gautam Adani Plans Family Succession Strategy

Gautam Adani, chairman of the Adani Group, plans to retire at age 70 in the early 2030s, transferring control to his sons, Karan and Jeet, and nephews, Pranav and Sagar. Despite potential political, legal, and reputational challenges, the succession plan aims for a gradual and systematic transition to ensure business sustainability. The four heirs will be equal beneficiaries of the family trust, governed by a confidential agreement. Gautam emphasized that the next generation's leadership will be organic and collaborative, with joint decision-making continuing post-retirement. The Adani Group, with a market capitalization of $213 billion, spans multiple sectors including infrastructure, ports, shipping, cement, and solar energy. Pranav and Karan are seen as the likely candidates to eventually lead as chairman.