- The 127-year-old Godrej Group, a conglomerate deeply rooted in Indian business history, has announced a friendly division.
- The split, agreed upon by founding members Adi Godrej and his brother Nadir, and their cousins Jamshyd Godrej and Smita Godrej Crishna, aims to accommodate the diverse interests and growth visions of the next generations.
- Under the terms, two separate entities will emerge: one led by Adi and Nadir focusing on listed firms like Godrej Consumer Products, and another overseen by Jamshyd and Smita focusing on unlisted ventures like Godrej & Boyce and its affiliates.
In a significant move for one of India’s most renowned business families, the Godrej Group has announced an amicable split of its conglomerate, paving the way for the next generation’s prosperity. The decision, rooted in preserving mutual respect and accommodating diverse visions, sees the conglomerate divided into two distinct entities. Adi and Nadir Godrej will lead one faction, retaining control over listed firms such as Godrej Consumer Products and Godrej Properties. Meanwhile, Jamshyd Godrej and Smita Godrej Crishna will helm the other, focusing on unlisted ventures including Godrej & Boyce and its affiliates.
This division marks a strategic shift reflecting the evolving interests and perceptions of growth within the family. The negotiations, spanning five years, culminated in a settlement that ensures each faction can pursue its strategic direction independently while upholding goodwill and amity within the family. With this split, the Godrej family embraces change while laying the groundwork for continued success across diverse industries.
