Gautam Adani’s son to oversee the family’s cement business

Karan Adani, the eldest son of Gautam Adani, the third-richest man in the world, will lead the family's scaled-up cement business as the fast-growing conglomerate strives to integrate the two cement companies it acquired for $10.5 billion in May .

The Indian billionaire plans to bring in his son and key top executives to help build the cement company and mentor Karan. Karan, 35, is now the CEO of Adani Ports and Special Economic Zone. He is expected to identify synergies between the group's port and cement businesses in order to establish an integrated logistics company.

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