Adani relinquishes role as Executive Chairman at Adani Ports
Adani Ports Announces Leadership Changes and Earnings Update
In a significant development, Adani Ports and Special Economic Zone Ltd. (APSEZ) has announced changes in its leadership and reported an impressive earnings update. The announcements were made together on August 5, 2025.
Gautam Adani, the founder of the Adani Group, has stepped down as the executive chairman of APSEZ. This move is primarily to comply with corporate and regulatory compliance rules that restrict key managerial personnel from holding executive positions in more than one company simultaneously. With this change, Adani was redesignated as non-executive chairman and ceased to be a key managerial personnel of APSEZ.
The decision enables Adani to focus more on the strategic direction and growth of other entities within the Adani Group, while APSEZ continues to be managed day-to-day by its existing executive directors, such as Managing Director Karan Adani and CEO Ashwani Gupta.
In conjunction with this transition, Manish Kejriwal was appointed as an independent (non-executive) director on the board for an initial term of three years. His appointment is part of a board reshuffle aimed at maintaining strong governance and is subject to shareholder approval within three months of the appointment.
APSEZ, a flagship company of the Adani Group, is India's largest private port operator. It operates a total of 15 ports and terminals across India, six on the west coast, five on the south coast, and four on the east coast. These ports handle approximately 28% of India's total port cargo volumes, making APSEZ a key player in the country's port industry.
The latest earnings update shows a 21% year-on-year increase in quarterly revenue. This growth was driven by robust growth in APSEZ's logistics and marine services segments. The Adani Group, with its global integrated infrastructure player status, continues to expand its infrastructure footprint.
The appointment of Manish Kejriwal as an independent director is aimed at strengthening board independence and governance. Kejriwal brings a wealth of experience to the role, having served as the CEO of several leading companies in the infrastructure, manufacturing, and services sectors.
In conclusion, the changes in leadership at APSEZ and the impressive earnings update mark a significant milestone in the company's journey. The redesignation of Gautam Adani and the appointment of Manish Kejriwal are strategic moves that will strengthen the company's governance and pave the way for future growth.
[1] Adani Ports Announces Leadership Changes and Earnings Update [2] Adani Ports Appoints Manish Kejriwal as Independent Director [3] Gautam Adani Steps Down as Executive Chairman of APSEZ [4] Adani Ports Re-designates Gautam Adani as Non-executive Chairman [5] Adani Ports' Compliance with Corporate Governance Norms
- As part of the Leadership Changes and Earnings Update announced by Adani Ports, Gautam Adani, the founder of the Adani Group, has stepped down as the executive chairman of APSEZ to ensure corporate compliance and focus on other group entities.
- In a strategic move to strengthen board independence and governance at Adani Ports, Manish Kejriwal, with his extensive experience in infrastructure, manufacturing, and services sectors, has been appointed as an independent non-executive director.
- With the changes in leadership at Adani Ports, the company's entrepreneurship continues to thrive, as Gautam Adani shifts his focus to business growth, while APSEZ remains under the stewardship of Managing Director Karan Adani and CEO Ashwini Gupta.
