Asia's second-richest man finally has a plan to hand over his company — but it's going to take a while

• Gautam Adani plans to hand over the company to his sons and nephews by the early 2030s.
• The Adani Group is a major player in multiple sectors in India, including infrastructure and energy.
• Adani faced controversy for fraud and bribery at the start of the year.

One of Asia's richest men said the next generation is ready to take over his sprawling company — but it won't happen for at least eight years.

Gautam Adani, 62 years old, announced his intention to retire at 70 from the Adani Group, Bloomberg reported on Monday.