Gautam Adani’s Succession plan: Ever since Gautam Adani, one of the richest industrialists of the country, has said that he wants to hand over the command of his business empire to the next generation, speculations about his successor have intensified. The question is, who will take over the vast business empire of the country’s most successful and fast-growing industrialist Gautam Adani after his retirement? In this connection, the names of Gautam Adani’s sons Karan and Jeet Adani as well as nephews Pranav and Sagar Adani are also in the news. Actually, all this discussion has started after Gautam Adani said something in a recent interview. In the interview, Gautam Adani has indicated that he will step down from the responsibility of the business after completing 70 years of age and will hand over the command of the business to the next generation of the family.
When will Gautam Adani retire
Adani Group chief Gautam Adani is currently 62 years old. That is, he has already made his retirement intention public about 8 years ago. The interview in which he said this to Bloomberg News was published on Monday. After which all the names of the next generation of the Adani family are in discussion in the media. Everyone is interested in knowing who is going to be the successor of Gautam Adani, who is counted among the most successful businessmen of the country. In this connection, apart from his two sons Karan (Karan Adani) and Jeet (Jeet Adani), the names of nephews – Pranav (Pranav Adani) and Sagar (Sagar Adani) are also being taken. According to reports, these four are likely to be made equal shareholders in the family trust of Gautam Adani family. It is also being said that at present the names of Karan Adani and Pranav Adani are at the forefront as the next chairman of the Adani Group. Bloomberg’s report quoted sources as saying that the full details of how the stake and control of Adani Group companies will be handed over to the next generation will be given in a confidential agreement. Reuters has sought Adani Group’s response on these reports, but no response has been received so far.
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Full details will be in the confidential agreement: Source
Bloomberg’s report quoted sources as saying that the full details of how the shares and control of Adani Group companies will be handed over to the next generation will be given in a confidential agreement. Reuters has sought Adani Group’s response on these reports, but no response has come so far. Gautam Adani has said in the interview that “the issue of succession is very important to keep the business successful. This transition should be very systematic, organic and gradual, so I have left this choice to the second generation.”
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Who has what responsibility right now?
Among the four members of the next generation of the Adani family who are being considered as successors, Gautam Adani’s elder son Karan Adani is currently working as the Managing Director (MD) of Adani Ports. At the same time, Gautam Adani’s younger son Jeet Adani is the director of Adani Airports. According to the website of Adani Group, Pranav is currently the director of Adani Enterprises, while Sagar is currently handling the responsibility of Executive Director of Adani Green Energy. According to Bloomberg, among these four, Pranav and Karan are being considered the most natural choice for the next group chairman.
The next generation will make decisions together
The next generation members of the Adani family have told Bloomberg in separate interviews that the system of joint decision-making will continue after Gautam Adani retires and this process will continue even in case of crisis or important decisions related to strategy. This report revealing Gautam Adani’s intention to retire has come at a time when Adani Enterprises, the flagship company of the Adani Group, has recently announced excellent quarterly results. The company’s profit has more than doubled in the first quarter. The group has also expanded its new energy business rapidly.