Karan Adani’s Biography
Karan Adani is the elder son of Adani Group chairman Gautam Adani a billionaire. Since 2016 he has served as the CEO of Adani Ports & SEZ Limited (APSEZ). Karan who oversees the strategic development of Adani ports throughout India has been managing various port operations for the company since 2009.
Karan Adani was appointed non-executive director of Ambuja Cement and non-executive chairman of ACC in September 2022. Karan succeeded Corporate India's doyens including the late Nani Palkhivala and the late Pallonji Mistry.
Karan Adani’s Age
Karan Adani is aged 35 years old as of 2022. Karan was born on 7 April 1987 in the state of Gujarat. His zodiac sign is Aries.
Karan Adani's Education
He earned a bachelor's degree in economics from Purdue University's Management School in 2009.
Karan Adani's Family
Gautam Adani is his father Priti Adani is his mother and Jeet Adani is his brother. Karan Adani married Paridhi Shroff the daughter of Mumbai-based lawyer Cyrill Shroff. He is the father of a daughter.
Karan Adani's Wife
Paridhi Adani is Gautam Adani's son and Karan Adani's wife. Cyril Shroff a senior corporate lawyer is her father's name. In 2013 they married. Karan and Paridhi Adani have a child. Her father's company Cyril Amarchand employs her. She provides legal counsel to corporations.
Karan Adani's Career
Karan Adani joined Adani Ports & SEZ Limited in 2009. (APSEZ). He took over the company's operations in 2016. He led an acquisition campaign for the Kattupalli port in Tamil Nadu in 2018. (about 30 km from Chennai Port and adjoining the Ennore Port).
The port was purchased from Larsen and Toubro making it the tenth port in the APSEZ network. He was appointed to lead the Adani Group's airport projects in 2019 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.
Karan Adani was named chairman of ACC Ltd's board of directors on September 16 2022
Karan Adani's Controversies
Shiv Sena Controversy
In the midst of the Hindenburg Group-Adani controversy the Eknath Shinde-led Maharashtra government's decision to appoint Karan Adani son of Adani Group Chairman Gautan Adani to a new Economic Advisory Council has drawn harsh criticism from the Uddhav Thackeray-led Shiv Sena faction.
Karan Adani's Net Worth
As of 2022 Karan Adani's net worth is estimated to be $1.2 billion or approximately INR 87.8 billion (Indian rupees). His father's businesses which he manages are his main source of income.
Karan Adani's Awards
- In 2014 on behalf of Adani Ports & SEZ Limited he received The Economic Times Award (Category: Emerging Company)
16 Interesting facts about Karan Adani
- Karan Adani is an Indian businessman and the Adani Group's scion. He is the elder son of Gautam Adani the Adani group's founder and an Indian business tycoon. Karan's father is the richest person in India and Asia and the third richest person in the world as of September 2022.
- He grew up in Ahmedabad Gujarat in a Gujarati family.
- Karan joined his family business Adani Port and SEZ Ltd as a director after completing his graduation in Economics.
- He began by learning about port operations at Mundra Port in Kutch Gujarat. During his first two years at Adani Port and SEZ Ltd Karan reportedly took the train to Mundra port.
- Under his leadership Adani Ports & SEZ Limited received the Economic Times Award in the Emerging Company category in 2014. Karan Adani accepted the award on behalf of the company.
- Karan was promoted to Chief Executive Officer (CEO) of Adani Port and SEZ Ltd in 2016.
- As the organization's leader Karan oversaw several campaigns aimed at expanding and developing Adani ports and terminals industrial lands and logistics.
- In 2018 Karan-led APSEZ purchased a 97% stake in Marine Infrastructure Developer from Larsen and Toubro for Rs. 1 950 crores gaining ownership of the Kattupalli Port in Tamil Nadu (about 30 kilometres from Chennai Port and adjacent to the Ennore Port).
- In the same year Karan was named to Forbes India's inaugural list of 22 tycoons of tomorrow.
- Under Karan Adani's leadership Adani Port and SEZ Ltd (APSEZ) appears to have grown from two ports to a string of ten ports and terminals in a matter of 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-metro cities.
- Karan Adani known for his hands-on approach and unrivalled execution skills was instrumental in the Adani Group's acquisition of Ambuja Cements and ACC for Rs. 640 crores.
- Karan was named Chairman of ACC Limited an Indian cement producer based in Mumbai.
- Karan is tech-savvy according to his Twitter bio. His bio also stated that he was working to promote economic growth through sound business practises.
- During an interview Karan revealed that his father was his inspiration. He went on to say that Gautam Adani had given him three pieces of instrumental advice that had helped Karan personally and professionally: stay grounded keep it simple and always consider scale.
- Karan an active philanthropist has organised a number of events and campaigns for the betterment of society. He has also organised several blood donation drives and has donated blood numerous times.