Gautam Adani’s $213B Succession Plan: Sons Karan and Jeet, Nephews Pranav and Sagar Set to Take Over

Gautam Adani, India’s second richest man, discussed his retirement and business succession plans in an interview with Bloomberg on August 5. Adani, 62, plans to retire at 70 and has already mapped out his succession strategy.

Adani started a commodity trading company with his brothers, Vinod and Rajesh Adani, before expanding into ports, airports, coal, and power. He is currently the Chairman of the Adani Group. His brother Rajesh is the Managing Director of Adani Enterprises, handling the group’s operations and business relationships. Vinod Adani, living abroad, has stakes in various group companies through overseas investment firms. Gautam’s wife, Priti Adani, chairs the Adani Foundation, overseeing the group’s Corporate Social Responsibility activities.

Key Successors

Adani has named four successors from his family: his sons Karan and Jeet Adani, and their cousins Pranav and Sagar Adani. Pranav, the eldest, holds a Bachelor of Science in Business Administration from Boston University and manages Adani Group’s consumer businesses, including goods, media, and real estate. He is the Managing Director (Agro, Oil & Gas) and Director of Adani Enterprises, having joined the business in 1999.

Karan Adani, an economics graduate from Purdue University, USA, is the Managing Director of Adani Ports and SEZ Limited (APSEZ).

Sagar Adani, who graduated in Economics from Brown University, USA, is the executive director of Adani Green Energy Ltd. He joined the Adani Group in 2015 and currently oversees all strategic and financial matters of Adani Green Energy.

Jeet Adani, who joined the group in 2019 after studying at the University of Pennsylvania, is a director of Adani Airports and leads Adani Digital Labs. He started in the Group CFO’s office, working in Strategic Finance, Capital Markets, and Risk & Governance Policy.

The Adani Group, with a combined market capitalization of $213 billion, operates in sectors such as energy, ports and logistics, mining and resources, gas, defense and aerospace, and airports.