Karan Adani’s Biography
Karan Adani is the eldest son of billionaire Adani Group Chairman Gautam Adani. He has been the CEO of Adani Ports & Special Economic Zone Limited (APSEZ) since 2016. Karan oversees the strategic development of Adani Ports across India and has been managing the company’s various port operations since 2009.
Karan Adani was appointed as a non-executive director of Ambuja Cement and non-executive chairman of ACC in September 2022. Karan succeeds the old guard of the Indian conglomerate, including the late Nani Palkhivala and the late Pallonji Mistry.
Karan Adani’s Age
As of 2022, Karan Adani is 35 years old. Karan was born in Gujarat on 7 April 1987. His star sign is Aries.
Karan Adani’s Educational Background
He received a bachelor’s degree in economics from the Purdue University School of Management in 2009.
Karan Adani’s family
Gautam Adani is his father, Priti Adani is his mother and Jeet Adani is his brother. Karan Adani is married to Paridhi Shroff, daughter of Mumbai lawyer Cyrill Shroff. He has one daughter.
Karan Adani’s wife
Paridhi Adani is the son of Gautam Adani and the wife of Karan Adani. Her father’s name is Cyril Shroff, a senior corporate lawyer. They got married in 2013. Karan and Paridhi Adani have one son. She is employed by her father’s company, Cyril Amarchand. She provides legal advice to various companies.
Karan Adani’s career
Karan Adani joined Adani Ports & SEZ Limited in 2009. He took over the operations of the company in 2016. In 2018, he led the acquisition of Kattupalli port in Tamil Nadu. (About 30 km from Chennai port and adjacent to Ennore port).
The port, purchased from Larsen and Toubro, is the tenth port in the APSEZ network. He was appointed in 2019 to head the airport projects of the Adani Group, including Sardar Vallabhbhai Patel International Airport, Lokpriya Gopinath Bordoloi International Airport, Jaipur International Airport, Chaudhary Charan Singh International Airport, Mangalore International Airport, Trivandrum International Airport.
On September 16, 2022, Karan Adani was appointed as the Chairman of the Board of ACC Ltd
Karan Adani Controversy
Shiv Sena controversy
Amid the Hindenburg-Adani controversy, the Eknath Shinde-led Maharashtra government’s decision to appoint Karan Adani, son of Adani Group chairman Gautam Adani, as a member of the new Economic Advisory Council has drawn severe criticism from the Shiv Sena faction led by Uddhav Thackeray.
Karan Adani Net Worth
As of 2022, Karan Adani’s net worth is estimated to be $1.2 billion, which is approximately INR 87.8 billion. His main source of income is from his father’s business, which he manages.
Awards received by Karan Adani
- In 2014, he received the Economic Times Award for Adani Ports & SEZ Limited in the category: Emerging Companies
16 Interesting Facts About Karan Adani
- Karan Adani is an Indian businessman and heir to the Adani Group. He is the eldest son of Gautam Adani, the founder of the Adani Group and an Indian business tycoon. As of September 2022, Karan’s father is the richest man in India and Asia, and the third richest man in the world.
- He grew up in a Gujarati family in Ahmedabad, Gujarat.
- After graduating with a degree in economics, Karan joined the family business, Adani Ports and Special Economic Zone Ltd, as a director.
- He first learnt port operations at Mundra Port in Kutch, Gujarat. During his first two years at Adani Ports and SEZ Ltd, Karan reportedly travelled to Mundra Port by train.
- Under his leadership, Adani Ports & SEZ Limited won the Economic Times Emerging Company Award in 2014. Karan Adani accepted the award on behalf of the company.
- In 2016, Karan was promoted to Chief Executive Officer (CEO) of Adani Ports and Special Economic Zone Limited.
- As the leader of the organization, Karan oversaw several activities aimed at expanding and developing industrial land and logistics at Adani Ports and Terminals.
- In 2018, Karan-led APSEZ acquired 97% stake in the marine infrastructure developer from Larsen and Toubro for Rs 19,500 crore, thereby acquiring ownership of Kattupalli Port in Tamil Nadu (about 30 km from Chennai Port and adjacent to Ennore Port).
- In the same year, Karan was named one of the “22 Richest People of Tomorrow” for the first time by Forbes India.
- Under the leadership of Karan Adani, Adani Ports and Special Economic Zone Limited (APSEZ) has grown from two ports to ten ports and terminals in just a few years.
- In 2019, the Adani Group announced a 50-year public-private partnership with the Airports Authority of India to operate and develop six airports in India’s smaller, non-metropolitan cities.
- Known for his pragmatic approach and unmatched execution skills, Karan Adani played a major role in the Adani Group’s acquisition of Ambuja Cements and ACC for Rs 640 crore.
- Karan has been appointed chairman of ACC Ltd, an Indian cement maker headquartered in Mumbai.
- According to his Twitter profile, Karan is tech-savvy and is committed to promoting economic growth through sound business practices.
- In an interview, Karan revealed that his father was his inspiration. He went on to say that Gautam Adani gave him three pieces of advice that have served Karan well both personally and professionally: stay grounded, keep it simple, and always think about scale.
- Karan is an active philanthropist who has organized many events and campaigns for the betterment of the society. He has also organized several blood donation drives and donated blood on several occasions.
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