- Rishad Kaikhushru Naoroji, a lesser-known member of the Godrej family, has reportedly gifted most of his shares in group firms to his nephews and nieces amid the conglomerate’s restructuring.
- An avid conservationist and atheist, Rishad’s net worth is estimated at around $3.8 billion, with holdings in Godrej Agrovet, Godrej Consumer, and other group entities.
- His decision to gift shares aligns with the family’s agreement to split the conglomerate, with different branches taking control of specific businesses.
Rishad Kaikhushru Naoroji, a quiet figure within the esteemed Godrej family, has made headlines for his decision to gift the majority of his shares in group companies to his nephews and nieces. Despite his low-profile demeanor, Rishad’s holdings in Godrej Agrovet, Godrej Consumer, and other group entities are valued at nearly Rs 7,000 crore. Notably, the 72-year-old is known for his passion for wildlife conservation, having founded the Raptor Research and Conservation Foundation.
With a net worth estimated at approximately $3.8 billion by Forbes, Rishad’s philanthropic gesture underscores his commitment to family and legacy. His decision to transfer shares to relatives comes amidst the Godrej Group’s restructuring efforts, which saw the founding family reaching an agreement to split the conglomerate. As Adi and Nadir Godrej retain control over Godrej Industries Group, including listed firms like Godrej Consumer Products, cousins Jamshyd and Smita assume ownership of unlisted entities such as Godrej & Boyce.
Rishad’s act of generosity mirrors the broader realignment within the Godrej family, with different branches assuming control over specific businesses. As the conglomerate undergoes restructuring, Rishad’s legacy as a conservationist and his commitment to family values shine through, echoing the ethos of the esteemed business house.
