Karan Adani

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Karan Adani is an Indian businessman and the scion of the Adani Group. He is the elder son of Gautam Adani, an Indian business tycoon and the founder of the Adani group. As of September 2022, Karan’s father is the richest person in India and Asia and the third richest person in the world.He grew up in a Gujarati family in Ahmedabad, Gujarat. Karan Adani (extreme right) with his father and brother.After pursuing his graduation in Economics, Karan joined his family business Adani Port and SEZ Ltd as a director. Karan Adani with his team at Mumbai Port.He began by learning the intricacies of the port operations at Mundra port, Kutch, Gujarat. Reportedly, Karan used to travel to Mundra port by train during his first two years at Adani Port and SEZ Ltd.; He travelled by train for a better understanding of the diverse portfolio at Mundra port. Karan Adani after signing a business deal with Indian Oil Corporation Ltd.In 2014, under his leadership, Adani Ports & SEZ Limited won the Economic Times Award in the Emerging Company category. The award was received by Karan Adani on the company’s behalf.In 2016, Karan was elevated to the position of the Chief Executive Officer (CEO) of Adani Port and SEZ Ltd.As the head of the organisation, Karan worked for the expansion and development of Adani ports and terminals, industrial lands, and logistics by arranging several campaigns. Karan Adani at the 2020 Dubai Expo.In 2018, Karan-led APSEZ acquired a 97% stake in Marine Infrastructure Developer from Larsen and Toubro for Rs. 1,950 crores, getting the ownership of the Kattupalli Port (about 30 km from Chennai Port and adjoining the Ennore Port) in Tamil Nadu. Kattupalli Port is the 10th port in the APSEZ network. During an interview, while talking about the acquisition, Karan Adani said, We are thankful to the Tamil Nadu government and the ministry of commerce for giving approvals in record time. Adani Ports is committed to making Katupalli Port one of the largest ports in southern India. We are going to start our construction to diversify the cargo of the port and will be adding 40 MMT of new capacity in the next three years. We are confident that with our superior infrastructure and efficient handling of cargo we will be able to reduce the logistics cost of industries in the region and be one of the engines of growth.”.In the same year, Karan featured on Forbes India’s maiden ‘tycoons of tomorrow’ list of 22 young achievers. [4]Business Today.Apparently, under the leadership of Karan Adani, Adani Port and SEZ Ltd (APSEZ) has grown from two ports to a string of 10 ports and terminals within a few years.