Adani Rejigs Airport Business, Top Executives Get New Roles

Adani Airport CSMIA Rated - Chhatrapati Shivaji Maharaj International Airport. - Aviatorsbuzz
A view of Terminal 2 of Chhatrapati Shivaji Maharaj International Airport. Source: CSMIA

Looking to consolidate and grow its airport business, the Adani Group, which is now India’s largest airport infrastructure company, has announced a new organisation structure to oversee its existing portfolio and future growth.

As per the rejig undertaken, R K Jain, Mumbai International Airport Ltd (MIAL) Chief Executive Officer will now hold charge as the CEO of the group’s airport division.

Adani’s Pan-India Network

Through Adani Airports Holding, is developing a pan-India airport network with existing operations of airports in Ahmedabad, Lucknow and Mangaluru and signed concession agreements for Guwahati, Jaipur and Thiruvananthapuram.

Mr. Jain, who was associated with Mumbai International Airport Limited (MIAL) since the company’s inception, will also look after the Mumbai airport slum development project and regulatory issues, the group said in a staff announcement that was reported by Business Standard.

The position was held by Behnad Zandi, who will now oversee the non-aeronautical business at the group level. Prakash Tulsiani will replace Mr. Jain as the new CEO of Mumbai airport.

Mr. Tulsiani, who was earlier the CEO of All Cargo Logistics, joined the group’s airport division a few months ago and was in charge of operations.

The changes were announced Saturday, following the group’s acquisition of MIAL from the GVK group.

Largest Airport Player

The Adani Group, with the addition of the Mumbai airport, will control 25 per cent of passenger footfalls and 33 per cent of India’s air cargo, making it the India’s largest airport infrastructure company.

In other leadership changes, Captain B V J K Sharma will be the CEO of Navi Mumbai airport. Sharma was earlier the director of ports in Adani Ports and Special Economic Zone Limited.

The group has announced that construction of the greenfield-airport in Navi Mumbai will begin next month and financial closure for the project will be completed in 90 days. The group hopes to start the airport in 2024.

B G Gandhi, chief operating officer of Krishnapatnam port, will be chief airport officer of Ahmedabad airport.

Prabhat Mahapatra, head of operations for MIAL, will handle operations at all group airports. Manoj Katar, chief operating officer of Dahej port, will replace Mahapatra at MIAL.

Nirav Shah and Vishnu Jha have been appointed as chief airport officers of Mangaluru and Jaipur airports. Rekha Nair, head of airport service at MIAL, will take over as head of customer experience and quality for the airport division.

Last week, Adani Enterprises Limited (AEL) informed shareholders that one in every four air passengers in India flies through an Adani airport. Gautam Adani the chairman of the diversified conglomerate Adani Group, was quoted by The Hindu Business Line as saying, “No airport business in any large country has achieved a 25 per cent share of the total passenger traffic.”

Addressing the annual general meeting for Adani Group’s flagship firm AEL, Mr. Adani had informed that the airport business — part of AEL — will increase the “focus to include non-passenger revenue and nurturing a range of possibilities within both physical and digital infrastructure.”

The company is now in the process of acquiring the Mumbai and Navi Mumbai International Airports, Adani told the shareholders.

Expressing confidence on India’s long-term growth journey. Adani said, “India will be a $5 trillion economy – and then go on to be a $15 trillion-plus economy over the next two decades. India will emerge as one of the largest global markets, both in terms of consumption size and market cap.”

“The largest middle class that will ever exist, augmented by an increase in the working age and consuming population share, will have a positive impact on India’s growth very much in line with the demographic dividend India enjoys.”

For Adani Group’s businesses, Adani informed that the “real phase of accelerated growth is just beginning.”

 

 

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