Gautam Adani Plans To Retire At 70, Shares Succession Roadmap

Gautam Adani, chairman of the Adani group, plans to step down at 70, he told Bloomberg while sharing his succession strategy for his $213 billion business empire.

"My plan of succession started almost a decade ago and I gradually inducted our G2, Pranav, Karan, Sagar and now Jeet," he said. His sons - Karan (37) and Jeet (26) - and their cousins - Pranav (45) and Sagar (30) - will hold an equal stake in the family trust.

"I am happy that all of them are hungry for growth, which is not common in the second generation" he added.