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 Urban

26 Jun 2026

PRS International marks 18 years of global advisory work

PRS International Group of Companies recently said it has strengthened its position as a sovereign-grade multinational advisory organisation, marking nearly 18 years of operations across strategic communications, institutional advisory and international cooperation. The Group, with headquarters in Washington, D.C. and New Delhi, said its work spans more than 190 countries and supports governments, multilateral institutions, investors, corporations and private clients. The organisation said its services cover government advisory, crisis management, trade and investment facilitation, nation bra..

dormakaba showcases access solutions at iDAC Chandigarh

dormakaba recently participated in iDAC Chandigarh 2026 at JW Marriott, engaging with architects, interior designers, developers, hospitality professionals and industry experts. The access solutions brand showcased a range of security and architectural products, including Mechanical Key Systems, Digital Cylinder, C Lever, Lever Handle, AIDO’s SLYNK Profiled Door System and Hotel Lock. The company said AIDO’s solutions added a design-led architectural and hospitality dimension to its presence at the event. The SLYNK Profiled Door System drew attention for supporting modern interiors where ..

Tata Power Secures Karnataka Transmission Project

Tata Power has won a power transmission project in Karnataka after emerging as the successful bidder in a tariff-based competitive bidding process run by PFC Consulting, a wholly owned subsidiary of Power Finance Corporation. The company received a Letter of Intent from PFC Consulting for a renewable energy evacuation scheme to be delivered under a Build, Own, Operate and Transfer model. The award follows a competitive selection and positions the firm to expand its transmission activities in the state. As part of the contract, Tata Power will acquire the special purpose vehicle (SPV) created f..