Mumbai: The Godrej Group, a venerable 127-year-old conglomerate with a diverse portfolio ranging from soaps and home appliances to real estate, has been a hallmark of the Indian industry. Founded by lawyer-turned-entrepreneur Ardeshir Godrej and his brother in 1897, the group initially found success in locksmithing. Over the years, leadership passed through the family lineage, with the current generation helping various segments of the business.
Announcement of the Split
In a significant development, the Godrej family has decided to split the conglomerate into two separate entities. This decision marks a new chapter in the group’s storied history and is aimed at realigning ownership to better reflect the distinct visions of the family members.
Details of the Split
The division creates two branches within the founding family:
- Godrej Industries Group (GIG): Controlled by Adi Godrej (82) and his brother Nadir Godrej (73), GIG encompasses five listed companies:
- Godrej Industries
- Godrej Consumer Products
- Godrej Properties
- Godrej Agrovet
- Astec Lifesciences Nadir Godrej will serve as the chairperson, with Adi Godrej’s son, Pirojsha Godrej (42), set to take over as the executive vice chairperson and future chairperson in August 2026.
- Godrej Enterprises Group (GEG): Chaired by Jamshyd Godrej (75), this group includes the unlisted firm Godrej & Boyce and its affiliates, with a strong presence in sectors such as aerospace, aviation, defense, furniture, and IT software. Nyrika Holkar (42), daughter of Smita Godrej Crishna (74), will be the executive director. This branch also inherits a significant land bank, featuring 3,400 acres of prime property in Mumbai.
The Future of the Godrej Brand
Despite the split, both groups will continue to operate under the esteemed Godrej brand. The family emphasizes that this realignment is a respectful and mindful decision to maintain harmony and enhance strategic focus, agility, and shareholder value.
Transition Process
To facilitate a smooth transition, family members have resigned from the boards of companies within the rival camps. The realignment awaits regulatory approvals and is expected to be implemented thereafter.
