Gautam Adani Plans to Hand Over Company to Sons and Nephews
Adani Group Chairman to Step Down at Age 70
Pranav and Karan Adani Likely to Take Over
Gautam Adani, founder and chairman of the Adani Group, has announced plans to hand over control of the company to his sons and nephews by the early 2030s. Adani, currently 60, plans to retire at the age of 70, and has been grooming his family members to succeed him.
According to a report by Bloomberg, Adani's two sons, Pranav and Karan, are the most likely to take over as chairmen of the Adani Group. Both brothers have held key positions within the company, with Pranav currently serving as the CEO of Adani Ports and Special Economic Zone, and Karan as the CEO of Adani Enterprises.
Adani's decision to step down is part of a broader succession plan that has been in the works for several years. The Adani Group has grown significantly under Adani's leadership, and the company is now one of the largest conglomerates in India. Adani believes that the next generation of his family is ready to take over the reins of the company and continue its growth trajectory.
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