In a significant development for the 127-year-old Godrej Group, the founding family has reached a pivotal agreement, delineating the conglomerate between two branches of the family to better align with their distinct visions and objectives.
- Division of Assets:
- Adi Godrej and his brother Nadir will retain control over Godrej Industries, which encompasses five listed firms, including Godrej Consumer Products, Godrej Properties, and others.
- Cousins Jamshyd and Smita will assume leadership of unlisted Godrej & Boyce and its affiliates, along with a substantial land bank, including prime property in Mumbai.
- Leadership Realignment:
- Jamshyd Godrej will helm the Godrej Enterprises Group, spanning diverse industries from aerospace and defence to furniture and IT software, with support from his sister Smita’s daughter, Nyrika Holkar.
- Nadir Godrej will chair the Godrej Industries Group, comprising listed companies, with Adi and their immediate families overseeing operations.
- Succession Planning:
- Pirojsha Godrej, son of Adi, is slated to succeed Nadir as chairperson of the Godrej Industries Group in August 2026.
- Significance of Land Holdings:
- The split highlights the extensive land holdings of the group, particularly in Mumbai suburbs, including a sprawling 3,400-acre parcel in Vikhroli, presenting immense development potential.
- Commitment to Shared Heritage:
- The Godrej family emphasized that the realignment was conducted with respect and mindfulness to drive long-term value creation while maintaining harmony.
- Continuation of Legacy:
- With a legacy dating back to 1897, the Godrej Group remains committed to nation-building, leveraging core strengths in engineering and innovation across diverse portfolios.
The split underscores the family’s commitment to adaptability and strategic foresight, ensuring the continuation of their values and legacy for generations to come.
