Godrej Group Divides Assets in Family Split

The 127-year-old Godrej Group, spanning various industries, undergoes a split, with assets divided between founding family members.

  • The 127-year-old Godrej Group, spanning various industries, undergoes a split, with assets divided between founding family members.
  • Adi and Nadir Godrej retain listed firms under Godrej Industries, while cousins Jamshyd and Smita gain control of unlisted companies and a significant land bank.
  • The split aims to align ownership and visions within the family, preserving the Godrej legacy while maximizing long-term value for stakeholders.

The iconic Godrej Group undergoes a significant split, dividing assets between two branches of the founding family. Adi and Nadir Godrej will oversee listed firms under Godrej Industries, maintaining control over five listed companies, including Godrej Consumer Products and Godrej Properties. Meanwhile, cousins Jamshyd and Smita will gain control of unlisted Godrej & Boyce and its affiliates, along with a substantial land bank, including prime property in Mumbai.

This strategic realignment aims to harmonize ownership and visions within the family while preserving the renowned Godrej legacy. The split reflects differing priorities and strategies among family members, with Adi and Nadir focusing on listed companies’ growth and Jamshyd and Smita overseeing unlisted firms and valuable land assets.

The division of assets, including extensive land holdings in Mumbai, underscores the complexity of the split and the careful consideration given to each family member’s interests. Regulatory approvals are pending before the realignment is implemented, ensuring a seamless transition that aligns with the family’s shared heritage and commitment to long-term value creation.