Karan Adani elevated as MD of Adani Ports; Ashwani Gupta new CEO
₹5,000-6,000 crore every year to build capacity/ assets across various ports. The investments will be made with an aim to become world's largest port operator by 2030 and help the company continue to grow by 12-14% per annum.
Karan began his career with the Adani Group in 2009 at Mundra Port and took over as CEO in 2016. During his stint with the company, APSEZ portfolio rapidly expanded with the addition of four ports and terminals in India, one in Sri Lanka and one in Israel.
The company also undertook a series of strategic expansions and partnerships and now has a spread of 14 ports along India’s coastline and two ports outside India. Along with its subsidiary, Adani Logistics Ltd, APSEZ is also the largest and most diversified private rail operator in India, with a considerable share in both logistics and the harbour & dredging business, the company added.
APSEZ, a part of the globally diversified Adani Group has evolved from a port company to an integrated transport utility providing an end-to-end solution from its port gate to the customer gate. It is one of the largest port developers and operators in India with seven strategically located ports and terminals on the west coast and seven terminals on the east coast of India.Milestone Alert!
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