The Godrej family after 127 years has announced a split of the Godrej companies. The company in its press release announced a realignment of the several companies between all family members.
The realignment of the companies is between two branches of the family, Adi Godrej and his brother Nadir on one side and their cousins Jamshyd Godrej and Smita Godrej Crishna on the other.
Who gets what?
According to the press release, the Godrej Enterprises Group and its affiliates will be controlled by Jamshyd Godrej as the chairperson and Managing Director, and Nyrika Holkar as the executive director. With Jamshyd and Nyrika Godrej, their immediate family members will also control the enterprise. The Godrej Enterprises Group (GEG) comprises Godrej & Boyce and its affiliates have a presence in many industries from aerospace, defence, engines and motors, energy, building materials, intralogistics, Healthcare and durables.
Real estate worth crores of rupees, mostly in prime land in Mumbai suburbs, will remain under Godrej & Boyce (G&B), and a separate agreement will be worked out to govern the ownership rights. It owns 3400 acres of land in Mumbai, including 3000 acres in Vikhroli, Mumbai. The estimate of the land is 1 lakh crore. It was previously owned by Parsi merchant Framjee Banaji, who bought it from East India Company in the 1830s.
Commenting on the future outlook, Jamshyd Godrej said: “Since 1897, Godrej & Boyce has always been driven by the strong purpose of nation building. With this future-facing family agreement now in place, we can further drive our growth aspirations with fewer complexities and focus on leveraging our core strengths in high-tech engineering and design-led innovation across our strong portfolio of strategic, consumer and emerging businesses.”
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The Godrej Industries Group (GIG) includes 5 listed companies, Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet and Astec Lifesciences will go to Nadir Godrej and Adi Godrej. They will have Nadir Godrej as chairperson and will be controlled by Adi Godrej, Nadir Godrej and their immediate families. GIG will have Pirojsha Godrej as their Executive Vice Chairperson and will succeed Nadir as the chairperson in August 2026.
Nadir Godrej said “Godrej was founded in 1897 to help build economic independence for India. This deep purpose of innovating for a cause – the values of trust and respect and the belief in trusteeship and making communities that the companies operate in stronger and better – continue to form the bedrock of who we are 125 years later. We look forward to building on this legacy with focus and agility.”
Godrej’s corporate giants
About Godrej Enterprises:
It includes Godrej & Boyce and its affiliates and today it is a market leader across 14 established consumer industrial and emerging businesses. They are India’s most trusted brands serving customers worldwide contributing to space missions, clean energy goals, green construction and smart solutions in furniture and security.
About Godrej Industries Group:
GIG founded in 1897, serves 1.1 billion consumers globally in industries including consumer products, real estate, and agriculture. Godrej Consumer Products (GCPL) is an emerging markets FMCG leader in Home and Personal Care with a growing presence in Asia, Africa and Latin America. Godrej Properties (GPL) is India’s leading real estate developer by sales and brings the Godrej philosophy of innovation, sustainability, and excellence to the real estate industry. Godrej Agrovet’s (GAVL) portfolio businesses address key challenges faced by Indian agriculture.
Godrej Stock Surges
The shares of most Godrej group companies surged 2-9 per cent on May 2 (Thursday) after the split of the Godrej companies was announced.
Adi and Nadir’s family will acquire a 26 per cent stake in Astec for 545 crores. The shares of the company were trading at 6 per cent higher whereas Godrej Agrovet surged 6 per cent, Godrej Industries and Godrej Consumer were up by 1-4 per cent.
