The billionaire Gautam Adani has resigned as executive chairman of Adani Ports & Special Economic Zone (APSEZ), assuming a non-executive chairman role.
The decision aligns with India’s Companies Act, which limits full-time directors from holding executive roles in multiple companies simultaneously. APSEZ, India’s largest port operator, is already led by two executive directors: managing director Karan Adani and APSEZ CEO Ashwani Gupta.
Adani’s exit coincides with increased scrutiny on the group: US probes into Americans related to alleged sanctions violations and a $250 million bribery investigation.
Starting with the Informa group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine, as well as East Asia editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he followed an independent career and wrote for a variety of titles including taking on the role of Asia editor for Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times, and the International Herald Tribune.
August 6, 2025
August 6, 2025
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