Karan Adani Takes Helm as Managing Director of Adani Ports and Special Economic Zone Limited (APSEZ)

Adani Ports and Special Economic Zone Limited (APSEZ), India’s leading ports and logistics company, has announced the promotion of CEO Mr. Karan Adani to the position of Managing Director, succeeding the role previously held by Chairman Mr. Gautam Adani within the Adani Group. Gautam Adani has been re-designated as the ‘Executive Chairman’ of APSEZ, emphasizing the company’s commitment to effective leadership continuity.

Under the leadership of Karan Adani, who assumed the role of CEO in 2016, APSEZ has witnessed remarkable growth, significantly contributing to the country’s infrastructure development. Starting his career with the Adani Group at Mundra Port in 2009, Karan Adani has played a pivotal role in expanding the APSEZ portfolio, incorporating four ports and terminals in India, one in Sri Lanka, and one in Israel. Through strategic expansions and partnerships, APSEZ has become India’s fastest-growing and largest private sector port developer and operator, managing 14 ports along India’s coastline and two international ports. The company, along with its subsidiary Adani Logistics Limited, is a major player in India’s logistics, ports, and dredging sectors.

In addition to Karan Adani’s promotion, the Board of APSEZ has approved the appointment of Mr. Ashwani Gupta, former Global Chief Operating Officer of Nissan Motors, as the new Chief Executive Officer. Gupta brings nearly three decades of experience spanning the automotive, retail, and manufacturing sectors, with a focus on industry sustainability, innovation, and transformation. His global expertise and leadership skills are expected to contribute to the continued growth and international expansion of APSEZ.

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Mr. Karan Adani, the newly appointed Managing Director, expressed enthusiasm about Mr. Ashwani Gupta’s appointment as the new CEO, emphasizing the strategic move to strengthen the company’s global leadership position in the ports sector. Adani is confident that Gupta’s expertise will drive exceptional growth and foster new international partnerships, aligning with the Adani Group’s vision for expansion and innovation.”