Adani Ports & Special Economic Zone
Karan Adani is the new MD of APSEZ
Ahmedabad
3 January 2024
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has elevated CEO Mr Karan Adani to the role of Managing Director, a position which was held by Mr Gautam Adani, Chairman of the Adani Group. Mr Gautam Adani is re-designated as ‘Executive Chairman’ of APSEZ, one of the fastest-growing integrated transport utilities in the world.
Under the leadership of Mr Karan Adani in his term as CEO, APSEZ has experienced a period of remarkable growth, significantly contributing to the nation's infrastructure development. Beginning his career with the Adani Group in 2009 at Mundra Port, he took over as CEO in 2016, after which the APSEZ portfolio rapidly expanded with the addition of four ports and terminals in India, one in Sri Lanka and one in Israel. Following a series of strategic expansions and partnerships, APSEZ has become India’s fastest growing and largest private sector port developer and operator, with 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.
APSEZ’s board has also approved the appointment of Mr Ashwani Gupta, the former global Chief Operating Officer at Nissan Motors, as the new Chief Executive Officer of Adani Ports and Special Economic Zone Ltd.
"We are delighted to welcome Mr Ashwani Gupta as the new CEO of Adani Ports and Special Economic Zone Ltd,” said Mr Karan Adani, Managing Director, APSEZ. “His appointment is a strategic move to strengthen our global leadership position in the port sector. We are confident that his expertise, leadership skills and global exposure will drive exceptional growth and foster new international partnerships aligned with the Adani Group’s vision for expansion and innovation."
Mr Ashwani Gupta has a notable track record in fostering key partnerships worldwide, and brings nearly three decades of experience across the automotive, retail and manufacturing sectors. A globally recognized leader who has led customer solutions through electrification, autonomous driving and digital transformation technologies, he has been at the forefront of industry sustainability, innovation and change, focusing on energy transition and customer centricity.
Adani Ports & Special Economic Zone Limited
Adani Ports and Special Economic Zone Limited (APSEZ) is a part of the diversified Adani Group, one of India’s leading business houses. It has evolved from a port company to an integrated transport utility, providing end-to-end solutions from the port gate to the customer’s gate. It is India’s largest port developer and operator with six strategically located ports and terminals on the west coast of India (Mundra, Dahej, Tuna and Hazira in Gujarat, Mormugao in Goa and Dighi in Maharashtra) and six ports and terminals on the east coast (Dhamra in Odisha, Gangavaram and Krishnapatnam in Andhra Pradesh, Kattupalli and Ennore in Tamil Nadu and Karaikal in Puducherry). APSEZ has the capability to handle vast amounts of cargo from both coastal areas and the hinterland, and accounts for around 26% of the country’s port volumes. The company is also developing two transshipment ports at Vizhinjam in Kerala and Colombo in neighboring Sri Lanka. APSEZ’s ports-to-logistics platform, comprising port facilities and integrated logistics capabilities, including multimodal logistics parks, Grade A warehouses and industrial economic zones, puts it in an advantageous position as India stands to benefit from an impending overhaul in global supply chains. APSEZ aims to be the largest ports and logistics platform in the world in the next decade. APSEZ is the first Indian port and the third in the world to sign up for the Science-Based Targets Initiative (SBTi), committing to emission reduction targets to control global warming at 1.5°C above pre-industrial levels with a vision to turn carbon neutral by 2025.
For more information, please visit www.adaniports.com
For media queries, contact Roy Paul: roy.paul@adani.com
