62-year-old Gautam Adani plans to transfer control of Adani Group to his sons and cousins by early 2030s.

62-year-old Gautam Adani, founder of the Adani Group, plans to step down at 70, transferring control of the multibillion-dollar conglomerate to his sons Karan and Jeet, and cousins Pranav and Sagar, by the early 2030s. The four heirs will be equal beneficiaries of a family trust, with a confidential agreement guiding the transfer of stakes in the conglomerate's firms to the successors. The next generation will continue joint decision-making in times of crisis or strategic calls.

August 05, 2024
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