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Hi Shalabh, if it's a group, go to Manage > Owners, and switch their role from Member to Admin. In older versions, go to Manage > Members, and you can do the same thing.
If it's a space, you'll have to add them as a space admin in the appropriate permission group in the admin console. Let me know if you have any questions.
Thank you Megan. Its the older version, so it was there in the members. Much appreciated.