Gautam Adani to Transfer Control to Family by Early 2030s: Report

05 Aug 2024 CW Team

Gautam Adani, chairman of the Adani Group, who is 62 years old, intends to step down at the age of 70 and transfer control to his sons and their cousins in the early 2030s.

Upon his retirement, his four heirs'sons Karan and Jeet, along with their cousins Pranav and Sagar' are set to become equal beneficiaries of the family trust, as reported by Bloomberg.

A confidential agreement will govern the transition of stakes in the conglomerate's companies to the heirs.

Gautam Adani's elder son, Karan Adani, currently serves as the managing director of Adani Ports, while his younger son, Jeet Adani, is the director of Adani Airports, as detailed on the Adani Group's website. Pranav Adani is the director of Adani Enterprises, and Sagar Adani is the executive director of Adani Green Energy.

Pranav and Karan are the most likely candidates to eventually succeed as chairman.

Gautam Adani emphasised the importance of succession for business sustainability, stating that he has left the choice to the second generation, as the transition must be organic, gradual, and systematic.

The Adani children indicated in separate interviews with Bloomberg that even after Gautam Adani steps back, decision-making will continue to be a joint process, particularly during crises or major strategic decisions.

This report follows a period of significant growth for Adani Enterprises, the flagship firm of the Adani Group, which saw its first-quarter profit more than double as the conglomerate increased investments in renewable energy.

Infrastructure Transport

01 Sep 2025

Indian Railways Marks New Milestone with 4.5 km Long ‘Rudrastra’ Trial

Indian Railways has successfully conducted the trial run of Asia’s longest freight train, named ‘Rudrastra’, achieving a new milestone in cargo transportation, as per news reports. The 4.5 km-long train began its trial from Ganjkhwaja railway station in Chandauli, Uttar Pradesh, and travelled to Garhwa in Jharkhand. Covering a distance of 209 km in 5 hours and 10 minutes, it maintained an average speed of 40.5 km per hour. The train was formed by combining three long-haul racks, with ..

UltraTech Launches India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Cement has operationalised a 7.5 MW round-the-clock (RTC) hybrid renewable energy project at its Sewagram Cement Works in Gujarat. The first-of-its-kind solution combines bifacial solar modules with trackers, wind energy and battery storage, co-located on-site, to ensure uninterrupted power for cement manufacturing without grid reliance. The project was executed in collaboration with clean energy solutions provider Gentari. Installed as a behind-the-meter system, it is the country..

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..