Gautam Adani, who has traveled to the world’s second richest billionaire, is now passing on his business legacy to his children. In this episode, Gautam Adani has started preparing to give command of cement business to eldest son Karan Adani. This is not the first time that Karan will get a big responsibility in the Adani group.
Karan is currently handling Adani Ports and SEZ Ltd. He holds the position of CEO. Karan Adani, 35, holds a bachelor’s degree in economics from Pudrew University, USA. For information, let us tell you that Gautam Adani has two sons Karan and Jeet.
What is the responsibility of victory: Younger son Jeet holds a bachelor’s degree from the School of Engineering and Applied Sciences, University of Pennsylvania. He is the vice president of finance affairs at the group. Jeet Adani is heading the airports business as well as the digital labs. Led by Jeet, the group is building a super app for the consumers. The Super App will support businesses ranging from electricity distribution to airports and gas retailing or ports.
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Karan Adani and Cement Business: Talking about Karan Adani, the cement business he will handle is Ambuja and ACC Limited. With the acquisition of these two companies, the Adani Group has become the second largest cement producer in the country. This is Adani’s biggest acquisition. Also, this is the biggest ever merger and acquisition deal in the country’s infra sector. Ambuja Cements and ACC currently have a market capitalization of $19 billion.