Godrej Industries, the holding company of Godrej Industries Group (GIG), has proposed an extension for the current Chairman and Managing Director Nadir Godrej. The company has proposed to its shareholders the extension of the current chairman. Nadir Godrej is going to hand over his charge to Pirojsha Godrej in August 2026 this year.
Godrej Industries is seeking shareholder approval through a special resolution to re-appoint 75-year-old Nadir Godrej from April to August. Adi Godrej’s son Pirojsha is currently the executive vice-chairperson of GIG and chairperson of Godrej Properties, Godrej Capital and Godrej Fund Management.
The group has been divided
Pirojsha will take command of the group from August. He also led the negotiations on behalf of GIG to finalize the Godrej Family Settlement Agreement. In April 2024, Godrej Group was divided into two cousin groups with mutual consent. The first is GIG, which is run by brothers Adi and Nadir Godrej, and the second is Godrej Enterprises Group (GEG), which is run by another branch of the family.
Pirojsha Godrej’s siblings are also actively involved in GIG, with Nisaba Godrej the chairperson of Godrej Consumer Products and Tanya Dubash the executive director and chief brand officer of GIG. Nadir Godrej’s children are also part of the group. Burjis Godrej is the MD of Astec Lifesciences, while younger son Hormazd Godrej recently joined Godrej Agrovet.
Since the split, Pirojsha Godrej has focused on creating a performance-driven culture, accelerating decision-making and improving business agility. GIG will focus on six core sectors – fast-moving consumer goods (FMCG), real estate, chemicals, agri-business, financial services and real estate private equity, to create scalable, market-leading enterprises. Before taking charge of Pirojsha Godrej, the company has sought the approval of the shareholders for the extension of the chairmanship.
company financial
The total value of GIG’s five listed entities – Godrej Consumer Products, Godrej Properties, Godrej Industries, Godrej Agrovet and Astec Lifesciences – currently stands at Rs 2.27 lakh crore. The five listed companies reported revenue of about Rs 53,813 crore and profit after tax of Rs 4,529 crore in FY25.
status of shares
Since the announcement of the split on April 30, 2024, the performance of the entire group has been mixed. Since then, shares of Godrej Agrovet and Godrej Industries have risen 17% and 8%, while Godrej Consumer Products is down 1%, and Godrej Properties and Astec Lifesciences have fallen 31% and 50% respectively amid massive market turmoil. At the group level, there has been a loss of Rs 16,902 crore in market capitalization since May 2024.