Gautam Adani to step down? will transfer control of Adani Group to these four

NEW DELHI: Gautam Adani, the chairman of Adani Group, has revealed his plans to retire at the age of 70. In an interview given to an international news agency, the 62-year-old Gautam Adani said that he would transfer the controls of the Adani Group to his sons and their cousins in the early 2030s. After that, the Adani Group will be led by a family trust comprising his sons Karan Adani and Jeet Adani and nephews Pranav and Sagar.

"Succession is very, very important for the business sustainability. I left the choice to the second generation as the transition must be organic, gradual and very systematic," Gautam Adani said.

According to a report, Gautam Adani plans to transfer shares in companies to his heirs through a confidential agreement.

Gautam Adani's elder son Karan Adani is the Managing Director of Adani Ports. Jeet Adani is the Director of Adani Airports. Pranav Adani is the Director of Adani Enterprises and Sagar Adani is the Executive Director of Adani Green Energy. According to the report, Pranav and Karan are most likely to take over the post of chairman.