The 127-year-old Godrej Group, a conglomerate with diverse interests ranging from soaps to aerospace, has recently undergone a significant split. Here are the essential details you need to know:
Ownership Realignment
- The split involves an “ownership realignment” within the founding family.
- Adi Godrej and his brother Nadir will retain ownership of Godrej Industries, which includes five listed firms.
- Meanwhile, their cousins, Jamshyd Godrej and Smita Crishna, will take over the unlisted Godrej & Boyce and its affiliates.
Division of Assets
Godrej Enterprises Group (GEG):
- Controlled by Jamshyd Godrej and his immediate family.
- Encompasses Godrej & Boyce and its affiliates.
- Operates across multiple industries, including aerospace, aviation, defense, furniture, IT software, and real estate.
- Holds a significant land bank, including prime property in Mumbai.
Godrej Industries Group (GIG):
- Led by Nadir Godrej and involving Adi Godrej and their immediate families.
- Comprises the listed companies within the conglomerate, such as Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet, and Astec Lifesciences.
Succession Planning
- Pirojsha Godrej, son of Adi Godrej, is slated to assume a leadership role within GIG, succeeding Nadir Godrej as the chairperson in August 2026.
The split aims to maximize strategic direction, focus, and agility while creating long-term value for shareholders and stakeholders. It represents a significant chapter in the history of the Godrej Group, emphasizing the differing visions of family members and their commitment to maintaining harmony.
View More Sources
(1) The 127-Year-Old Godrej Empire Split: How It Was Resolved Amicably. https://www.msn.com/en-in/money/other/the-127-year-old-godrej-empire-split-how-it-was-resolved-amicably/ar-AA1nYdrV.
(2) Explained: Why The Godrej Family Split Their 127-Year Business Empire. https://www.ndtv.com/india-news/explained-why-the-godrej-family-split-their-127-year-business-empire-5563720.
(3) 127-year-old Godrej Group splits conglomerate between family. https://www.indiatvnews.com/business/news/127-year-old-godrej-group-splits-conglomerate-between-family-splits-between-two-branches-latest-business-updates-2024-05-01-928889.
(4) Godrej family splits group; divides businesses, assets between Adi …. https://www.business-standard.com/companies/news/godrej-family-splits-group-divides-businesses-assets-between-adi-jamshyd-124043001471_1.html.
(5) ‘Clean like their soaps’: Harsh Goenka reacts to Godrej Group splitting after 127 years. https://indianexpress.com/article/trending/trending-in-india/godrej-group-split-harsh-goenka-reaction-viral-9300765/.
(6) Godrej Family Splits 127-year-old Group: Know Who Gets What. https://www.news18.com/business/godrej-family-split-adi-nadir-jamshyd-smita-godrej-crishna-8873111.html.
(7) Getty. https://media.gettyimages.com/photos/event-honoree-adi-godrej-attends-the-10th-annual-clinton-global-at-picture-id608649414?b=1&k=20&m=608649414&s=612×612&w=0&h=BA3E68Ufu2d0z5PtBljNzRTUOaStDSeKZak6dTkPoZg=.
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