127 year old Godrej Group divided: Adi-Nadir Godrej will get listed companies of Industries and cousin Jamshed will get non-listed companies.
Godrej Group, which has made its place in every house of the country from soap to locker, is now going to be divided. Godrej Family has reached an agreement to split the 127-year-old group into two parts. Under this agreement, a share belongs to 82 year old Adi Godrej and his brother Nadir. Whereas, second cousin Jamshed and sister Smita Godrej have got it.
Godrej and his brother will get listed companies
Adi and Nadir own Godrej Industries, which has five listed companies. Jamshed and Smita have inherited the land bank of unlisted company Godrej & Boyce and its associated prime assets in Mumbai.
The listed companies in the Godrej Industries group are Godrej Industries, Godrej Consumer, Godrej Properties, Godrej Agrovet and Astec Lifesciences. Its chairman will be Nadir Godrej and it will be controlled by Adi Godrej, Nadir and family. Adi’s 42-year-old son Pirojsha Godrej will be the executive vice president of Godrej Industries. He will replace Nadir in August 2026.
On the other hand, Godrej Enterprises Group comprises Godrej & Boyce and its associates, which has a presence across multiple industries from aerospace and aviation to defence, furniture and IT software. It will be controlled by Jamshed Godrej as President and MD. His sister Smita’s daughter Nyarika Holkar, 42, will be its executive director. The same group also has a land bank of 3,400 acres in Mumbai. The total value of the group is around Rs 2.34 lakh crore.
