Brief by Shorts91 Newsdesk / 07:06am on 01 May 2024,Wednesday Business
The Godrej family, after 127 years, has decided to split their conglomerate. Adi and Nadir Godrej will retain Godrej Industries and its five listed firms, while cousins Jamshyd and Smita will control unlisted Godrej & Boyce and its affiliates, along with a substantial land bank. Jamshyd will lead Godrej & Boyce, with Smita's daughter Nyrika Holkar as executive director. Pirojsha Godrej, Adi's son, will succeed Nadir as chairperson of Godrej Industries Group in 2026. This ownership realignment aims to streamline operations and focus on respective business interests.
