Gautam Adani, Chairman of the Adani Group, revealed plans to step down at age 70 and transfer control to his sons in the early 2030s, according to a Bloomberg News interview on August 5. Adani, 62, discussed his succession strategy for the first time, emphasizing the importance of a smooth and gradual transition for business sustainability.

In a family meeting, Adani posed a critical question to his sons and nephews: whether to divide the Adani Group’s diverse portfolio or to keep it unified. He has given them three months to decide. The group’s current market capitalization stands at $213 billion, encompassing sectors such as infrastructure, ports, shipping, cement, and solar energy.

Adani's sons, Karan and Jeet, along with cousins Pranav and Sagar, have expressed their intention to maintain the group as a cohesive family enterprise after his departure. Upon Adani's retirement, his four heirs will equally benefit from a family trust, as per a confidential agreement.

Karan Adani highlighted the group's focus on expanding its ports business both within India and in neighboring countries, aiming to position India as a key alternative to Dubai or Singapore.