May 1 (Reuters) – Indian billionaire Gautam Adani’s Adani Group is planning an internal restructuring aimed at speeding up decision-making, as the conglomerate pushes for growth across its businesses, Bloomberg News reported on Friday.
Under the plans, Adani Group will introduce a three-layer organizational structure with fewer decision-makers, while placing greater emphasis on liquidity and access to capital, the report said, citing an internal memo from Adani to its employees.
Reuters could not immediately verify the report. Adani Group did not respond to Reuters request for a comment.
The move comes as investment activity picks up across India, Asia’s third-biggest economy, powered by heavy infrastructure spending and a revival in private capital expenditure.
This is the conglomerate’s second restructuring since 2015, when it spun off its ports and power businesses into separately listed companies, Adani Ports and Adani Power.
The streamlined hierarchy will see leaders pushed closer to project sites, cut decision-making time from days to hours and strengthen the accountability across business units, Adani said in the memo, according to the Bloomberg News report.
(Reporting by Kashish Tandon in Bengaluru; Editing by Sherry Jacob-Phillips)
