Gautam Adani to Step Down at Age 70: A Succession Plan

Adani Group chairman Gautam Adani plans to retire at the age of 70. Under his succession plan, control will shift to his sons in the early 2030s.

The 62-year-old tycoon shared his plans in an interview with Bloomberg News, emphasizing the importance of succession for business sustainability.

Succession Strategy by Gautam Adani:

Gautam Adani highlighted that the transition to the next generation would be “organic, gradual, and very systematic.”

Currently, Adani Group boasts a market capitalization of $213 billion, spread across 10 listed entities involved in infrastructure, ports, shipping, cement, and solar energy, among other sectors.

Leadership Transition and Family Unity:

Upon his retirement, Gautam Adani posed a significant question to his two sons, Karan and Jeet, and his two nephews, Pranav and Sagar: whether they preferred to divide the conglomerate and operate independently or remain united. They unanimously chose to maintain the group’s unity.

This decision initiated a series of internal changes, leading to the creation of a four-way leadership structure. This structure divides management responsibilities among the heirs while ensuring they collaborate.

Their roles span various aspects of the business, and even common services like human resources, finance, and IT support are shared among the four.

Commitment to Joint Decision-Making:

The Adani heirs have committed to joint decision-making, even in times of crisis or when making major strategic decisions.

Gautam Adani expressed confidence in their ability to uphold the family’s legacy, stating, “I am happy that all of them are hungry for growth, which is uncommon in the second generation. They have to work together to build a legacy.”

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