Decoding Gautam Adani’s inner circle

As the Adani group expands, does it have the right people to manage its growing portfolio of businesses?

Last week, the Adani group completed its $6.5 billion acquisition of Ambuja Cements and ACC from Switzerland's Holcim, becoming the country’s second largest cement maker. As part of the deal, Gautam Adani, the billionaire chairman of the group, also made changes to the boards of the two cement makers. 

• Gautam Adani took over as chairman of Ambuja Cements.
• Adani’s elder son, Karan, who is also the chief executive officer of Adani Ports and Special Economic Zone, was named chairman of ACC and director of Ambuja Cements.
• Ajay Kapur was appointed CEO and whole-time director of Ambuja Cements. Kapur, who worked …