GODREJ FAMILY SEALS DEAL TO SPLIT 127-YEAR-OLD CONGLOMERATE. CHECK ALL DETAILS HERE
The Godrej family has announced a strategic split of its conglomerate, paving the way for two distinct entities: Godrej Enterprises and Godrej Industries.
The restructuring, outlined in a recent filing, will proceed pending regulatory approvals, with both companies retaining the esteemed Godrej brand.
In this realignment, Godrej Enterprises Group (GEG) will be under the stewardship of 75-year-old Jamshyd Godrej, assuming the roles of Chairperson and Managing Director.
Joining him in leadership is his niece Nyrika Holkar, appointed as Executive Director.
GEG's diverse portfolio spans aerospace, aviation, defense, and liquid engines, among other sectors.
Formerly at the helm of Godrej & Boyce, a legacy company founded in 1897, Jamshyd Godrej brings a wealth of experience to this new venture.
Meanwhile, Godrej Industries Group (GIG) will be chaired by 73-year-old Nadir Godrej, overseeing a roster of listed companies including Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet, and Astec Lifesciences.
He will be supported by his brother Adi Godrej and their immediate family in controlling GIG.
Adi Godrej, aged 82, transitioned from the chairmanship of Godrej Industries in August 2021, passing the baton to Nadir Godrej.
Looking ahead, the mantle of leadership at GIG will be assumed by Pirojsha Godrej, son of Adi Godrej, succeeding Nadir Godrej in August 2026.
2024-05-01T04:41:16Z dg43tfdfdgfd