In a major leadership update, Adani Ports and Special Economic Zone Ltd. (APSEZ) announced on August 5 that Gautam S. Adani has stepped down from his position as Executive Chairman. Following this transition, he will now serve as Non-Executive Chairman of the company and no longer be classified as a key managerial personnel.
The decision was formalised by the Board and disclosed through a stock exchange filing. The company further announced the appointment of Manish Kejriwal as an Additional Non-Executive Director for an initial term of three years. Kejriwal is the Founder and Managing Partner of a private equity firm.
Gautam Adani, the founder of the Adani Group, has led the business for over 3 decades, transforming it into a globally integrated infrastructure conglomerate with interests in resources, logistics, and energy.
APSEZ reported a 21% year-on-year increase in revenue for the latest quarter, largely propelled by exceptional performance in its logistics and marine services divisions.
Logistics revenue doubled, while marine services witnessed a near threefold increase. “This quarter’s 21% revenue growth is anchored by extraordinary momentum in our Logistics and Marine businesses,” said Ashwani Gupta, Whole-time Director and CEO at APSEZ.
Adani Ports and Special Economic Zone shares were under pressure, trading at ₹1,359.00, down 2.15% or ₹29.90 at 2:47 PM from the previous close of ₹1,388.90. The stock opened slightly higher at ₹1,392.00 and touched an intraday high of ₹1,394.20 before slipping to a low of ₹1,352.90. The volume-weighted average price (VWAP) stood at ₹1,377.06, indicating some intraday volatility.
APSEZ now commands 27.8% of India’s total cargo market share and holds a 45.2% share in the container segment. The company recently began operations at Colombo West International Terminal under a public-private partnership model. The terminal is expected to handle 3.2 million TEUs (twenty-foot equivalent units) annually.
With a robust portfolio, Adani Ports operates six ports and terminals on India’s west coast, five on the south coast, and four on the east coast. Together, they handle 28% of the country’s total port volumes, making APSEZ the largest port developer and operator in India.
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Published on: Aug 5, 2025, 2:30 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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