Gautam Adani Steps Down as Executive Chairman of Adani Ports & SEZ

Adani Ports and Special Economic Zone Ltd (APSEZ), the largest company in the Adani Group by market capitalization, has announced a significant change in leadership. Gautam Adani, who was serving as the Executive Chairman of the company, will now take on the role of Non-Executive Chairman.

This move means that Gautam Adani, the Chairman of the overall Adani Group, will step away from direct managerial responsibilities at Adani Ports. The company clarified this decision in its official statement.

Adani Ports is considered the largest firm within the Adani Group in terms of market capitalization, with a total valuation of ₹2,93,995 crore. The leadership change was announced alongside the company's latest quarterly financial results.

The shift is seen as part of a broader strategic restructuring, although Adani will continue to remain actively involved in guiding the group's long-term vision at a board level.