Adani announces that he will retire at the age of 70, know to whom he will give the responsibility of the billion dollar company

Gautam Adani News: Adani Group Chairman Gautam Adani will step down at the age of 70. Gautam Adani is currently 62 years old. The Adani Group chairman said that he plans to hand over control of the group to his sons and nephews in the early 2030s. Gautam Adani revealed this plan in an interview to Bloomberg. When Gautam Adani retires, his four successors - sons Karan and Jeet, as well as nephews Pranav and Sagar - will become equal beneficiaries of the family trust according to the descendants.

Share will be given through confidential agreement

Citing people familiar with the matter, a Bloomberg report said that a confidential agreement would direct the transfer of stakes in the group's companies to successors. News agency Reuters tried to seek a response from the Adani Group in this matter, but did not get an immediate response.

Who holds which position in Adani Group right now

According to the Adani Group website, Gautam Adani's elder son Karan Adani is the managing director of Adani Ports, while his younger son Jeet Adani is the director of Adani Airports. According to the website, Pranav Adani is the director of Adani Enterprises and Sagar Adani is the executive director of Adani Green Energy.

Who will become the chairman of Adani Group

Karan and Pranav are seen as the strongest candidates to become the chairman. Gautam Adani said, "Succession is very important for the stability of the business. I have left this option to the second generation because the change should be organic, gradual and very systematic."

The whole family will take decisions together in times of trouble

Adani's children said that when Gautam Adani leaves his post, the whole family will continue to take decisions together in case of crisis or any major strategic call. This report comes at a time when Adani Enterprises, the flagship company of the Adani Group, has more than doubled its profits in the first quarter of the financial year 2024-25.