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India's Godrej family splits business empire into two groups

The restructuring will take place once regulatory approvals are secured. Both companies will retain the Godrej brand.

India's Godrej family splits business empire into two groups
Vivek Mishra
By Vivek MishraMay 01, 2024
Vivek Mishra
Vivek Mishra works as an Assistant Editor with Eastern Eye and has over 13 years of experience in journalism. His areas of interest include politics, international affairs, current events, and sports. With a background in newsroom operations and editorial planning, he has reported and edited stories on major national and global developments.
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The Godrej family in India has decided to split its conglomerate into two entities, Godrej Enterprises and Godrej Industries, as per a filing made on Tuesday.

The restructuring will take place once regulatory approvals are secured. Both companies will retain the Godrej brand.

Jamshyd Godrej, aged 75, will lead Godrej Enterprises Group (GEG) as chairperson and managing director, with Nyrika Holkar as executive director.

GEG operates in sectors like aerospace, aviation, defence, and liquid engines.

Previously, Jamshyd Godrej held positions at Godrej & Boyce, a company founded in 1897.

Nadir Godrej, aged 73, will chair Godrej Industries Group (GIG), which includes listed companies such as Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet, and Astec Lifesciences.

GIG will be overseen by Nadir's brother Adi Godrej and their immediate family.

(Reuters)

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