Gautam Adani steps down from executive chairman post of Adani ports

Adani Ports and Special Economic Zone (APSEZ), a subsidiary of the Adani Group, announced on Tuesday that Gautam Adani, the founder of the Adani Group, had stepped down from his key managerial position. He has assumed charge as the non-executive chairman.

The company, in a regulatory filing, said that the board had approved the re-designation of Gautam S Adani from Executive Chairman to Non-Executive Chairman with effect from August 5, 2025, and consequently he would cease to be a key managerial person of the company.

The APSEZ had appointed Manish Agarwal, additional director (non-executive, independent) of the company, for an initial term of three years beginning August 5.

Gautam S Adani, the chairman and founder of the Adani Group, has more than 33 years of business experience. Under his leadership, Adani Group has emerged as a global integrated infrastructure player with interest across resources, logistics and energy verticals.

APSEZ said in a statement that the change ensured compliance with the Companies Act’s provisions that limit key managerial personnel from simultaneously holding executive positions in multiple companies.

“Given that APSEZ already has two executive directors — a Managing Director and a Whole-Time Director & CEO — this re-designation will also enable Mr Adani to devote greater attention to the strategic direction and growth of other entities within the Adani Group. Mr Adani continues to serve as the chairman of APSEZ," the company said.

The company also announced its results for quarter ending June 30. The company reported a 7 per cent year-on-year increase in net profit for the quarter, reaching Rs 3,311 crore. Additionally, revenue surged by 21 per cent year-on-year, reaching Rs 9,126 crore in Q1 FY26, up from Rs 7,560 crore the previous year.

“This quarter’s 21% revenue growth is anchored by extraordinary momentum in our logistics and marine businesses, which grew 2x and 2.9x, respectively,” said Ashwani Gupta, whole-time director and CEO, APSEZ.

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