Karan Adani is an Indian businessman, who is a descendant of the Adani Group. He is best known as the son of Indian business tycoon and founder of the Adani group Gautam Adani; As of September 2022, Gautam Adani is the richest person in India and Asia and the third richest person in the world. Karan is the Chief Executive Officer (CEO) of Adani Ports and Special Economic Zones (APSEZ). In September 2022, Karan was promoted as the Chairman of ACC, a subsidiary of Ambuja Cements.
Wiki/Biography
Karan Gautam Adani was born on Tuesday, April 7, 1987 (age 35 years; in 2022) in Ahmedabad, Gujarat. His zodiac sign is Aries. Karan Adani graduated in Economics (2009) from Purdue University, West Lafayette, Indiana, US.
Old picture of Karan Adani (far right) with his father and brother
Physical appearance
Height (approx): 5′ 7″
Hair Color: Dark Brown
Eye Color: Black
Family
Karan Adani belongs to a Gujarati Jain family.
Parents & Siblings
Karan Adani is the son of Indian business tycoon Gautam Adani and Indian dentist and philanthropist Priti Adani. He has a younger brother, Jeet Adani, who is the vice president of finance at the Adani Group.
Karan Adani with his father, Gautam Adani
Karan Adani with his mother, Priti Adani
Karan Adani with his brother, Jeet Adani
Wife & Children
Karan Adani tied the knot with Paridhi Shroff, a businesswoman, on 13 February 2013. Paridhi is a partner at Cyril Amarchand Mangaldas. She is the daughter of Cyril Shroff, an Indian corporate lawyer and managing partner of Cyril Amarchand Mangaldas, India’s largest law firm. Together they have a daughter named Anuradha Karan Adani, who was born in 2016.
Karan Adani engagement pictures
Karan Adani with his wife, Paridhi Shroff Adani
Karan Adani’s wife, Paridhi Shroff, and daughter, Anuradha Karan Adani
Karan Adani with his parents, wife and daughter
Career
Karan Adani joined Adani Port and SEZ Ltd in 2009 as a director. Initially, he learned the ins and outs of port operations at Mundra port. In 2016, Karan was appointed as the Chief Executive Officer (CEO) of the company.
Karan Adani at a port
After that, he launched several campaigns for the expansion and development of Adani Port and Terminal, Industrial Land, and Logistics. In 2018, under Karan’s leadership, APSEZ acquired a 97% stake in Marine Infrastructure Developers, which operates Kattupalli Port (about 30 km from Chennai Port and adjacent to Ennore Port) in Tamil Nadu from Larsen and Toubro, making it the 10th port in the APSEZ network; APSEZ acquired the stake for Rs 1,950 crore.
Karan Adani after signing a business agreement with Indian Oil Corporation Ltd
Speaking about the acquisition in a media interaction, Karan said,
We are grateful to the Tamil Nadu government and the commerce ministry for granting approval at such a short notice. Adani Ports is committed to making Katupalli Port one of the largest ports in south India. We will start our construction to diversify the port’s cargo and will add 40 MMT of new capacity in the next three years. We are confident that with superior infrastructure and efficient cargo handling we will be able to reduce the cost of industrial logistics in the region and become one of the engines of growth.”
APSEZ led by Karan has grown from two ports to a network of 10 ports and terminals over the years. In 2019, the Adani Group completed six contracts to modernize airports in smaller non-metro cities across India in a public-private partnership with the Airports Authority of India, and Karan Adani was appointed project leader. Airports included in the contract include Sardar Vallabhbhai Patel International Airport, Lokpriya Gopinath Bordoloi International Airport, Jaipur International Airport, Chaudhary Charan Singh International Airport, Mangalore International Airport and Trivandrum International Airport.
Karan Adani at Dubai Expo 2020
Known for his hands-on approach and execution skills, Karan was instrumental in the acquisition of Ambuja Cements and ACC by the Adani Group for Rs. 640 crores. On 16 September 2022, Karan Adani was appointed as the Chairman of ACC Limited, an Indian cement producer, headquartered in Mumbai. Additionally, he has been appointed as a non-executive director of Ambuja Cement.
Karan Adani during a business event
Facts/Trivia
- As per Karan’s Twitter account, he is a technology enthusiast, and he is working to create economic growth through sustainable business practices.
- Apparently, during his early years at Adani Ports and SEZ Ltd., Karan used to go to Mundra Port, Gujarat, by train to get a better understanding of the various portfolios at Mundra port.
- In 2014, Karan received The Economic Times Award in the Emerging Company category on behalf of Adani Ports & SEZ Limited.
- Karan considers his father an inspiration. During the interview, Karan revealed that his father has given him three important pieces of advice that have helped him run his business activities effectively. The first is to stay basic, the second is to keep it simple, and lastly, to always consider scale.
- He often does social activities and several times volunteered as a blood donor.
Karan Adani during the blood donation camp
Categories: Biography
Source: SCHOOL TRANG DAI
