Karan Adani, the older son of Gautam Adani, the world's third-richest man, will lead the family's scaled-up cement business as the rapidly expanding 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 as well as important top executives to assist build the cement firm and mentor Karan. Karan, 35, now serves as the CEO of Adani Ports and Special Economic Zone. He is expected to identify synergies between the group's port and cement operations in order to establish an integrated logistics enterprise.

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