The Godrej family, which started the business through trading about 127 years ago, has now divided the business among the new generation. After the partition, many new faces have got important responsibilities in the group. In this, Adi Godrej and Nadir Godrej will have command of many popular companies of the group. Whereas new faces will be seen in the group’s flagship company Godrej & Boyce.
The information sent by Godrej Group to the stock market after the split. Accordingly, the command of Godrej Industries Group, which will be formed by merging Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Properties and Astec Life Sciences, will be with Adi Godrej and Nadir Godrej.
Whereas Godrej & Boyce, which works in segments like engineering, home appliances, furniture, security products, systems for aerospace, industrial logistics and infrastructural development, will be headed by Jamshed Godrej and Nairika Holkar and their family. All these companies come under Godrej Enterprises Group.
Such division will maintain brotherhood
The company says that the partition has been done in such a way that the harmony that exists among the people of Godrej family can be protected. Also, the business can be conducted more effectively by taking care of the sentiments of the family members.
In this way the business will get a strategic direction in the coming days. The focus of companies on their business will increase and the new generation will be able to contribute in the long term.
Pirojsha Godrej also has a big responsibility
Adi Godrej’s son Pirojsha Godrej will soon become the vice chairman of Godrej Industries Group. He will replace Nadir Godrej till August 2026. In the new generation, the responsibility of the Vice Chairman is going to increase significantly. He will be the most prominent face of the new generation of Godrej family.
After all, how big is the business of Godrej Group?
If we look at different companies of Godrej Group, a total of 5 companies are listed in the stock market. Their total market capitalization is Rs 2.4 lakh crore. The highest earning company in this is Godrej Industries whose market cap is Rs 32,344 crore.
After this there is Godrej Consumer, which has a market capitalization of Rs 1.2 lakh crore. Its income in the financial year 2023-24 has also been Rs 13,484 crore. Apart from this, there are also Godrej Agrovet, Godrej Properties and Astec Life Sciences.
