Adani Announces Business Succession Plan Amid Major Developments
Mumbai, November 12: In a significant move, Gautam Adani has announced the delegation of his business responsibilities to a four-member team comprising his two sons, Karan and Jeet, along with his nephews, Pranav and Sagar. This decision marks a pivotal moment in the Adani Group’s leadership structure, although the timeline for the complete transfer of control has yet to be finalized.
The Adani Group, which is listed on Indian stock exchanges, boasts a market capitalization exceeding ₹17 lakh crore. Gautam Adani’s personal wealth is estimated at approximately ₹10.11 lakh crore. Karan Adani, aged 39, has been with the group since 2009, initially joining as an executive at Mundra Port and later becoming the CEO of Adani Ports and Special Economic Zone in 2016. His younger brother, 29-year-old Jeet Adani, serves as a director at Airport Holdings Limited, overseeing operations at eight airports.
Pranav Adani, 48, holds the position of director at Adani Enterprises Limited and is the managing director for Agro, Oil, and Gas. Meanwhile, 32-year-old Sagar Adani is the executive director at Adani Green Energy.
This announcement comes as Gautam Adani regains the top spot in Forbes’ list of India’s 100 richest people for 2026, with his wealth increasing by ₹1.99 lakh crore (approximately $2.07 billion) compared to the previous year.
In related news, the Asian Women’s Hockey Champions Trophy is set to take place in Bhopal for the first time, highlighting India’s growing prominence in hosting international sporting events.
