Godrej family splits 127-year-old business giant: Who gets what

Godrej Group, the 127-year-old soaps-to-real estate conglomerate, is set for a split as the founding family has amicably sealed the terms to divide the businesses and assets among themselves. The pact to realign the ownership structure was announced late on Tuesday, April 30.

As part of the division, the listed entities of the Godrej Group will be helmed by the 82-year-old business veteran Adi Godrej (82), along with his brother Nadir Godrej (73).

On other side, their cousins Jamshyd Godrej (75) and Smita Godrej Crishna (74) will head the unlisted arms of the conglomerate.

Godrej family split: Here's who gets what

The following conclusion was reached by the founding family as part of the realignment:

• Godrej Enterprises Group (GEG) comprising of Godrej & Boyce (G&B) and its affiliates, has been allotted to Jamshyed and Smita Godrej.

• GEG has presence across multiple industries spanning aerospace, aviation, defence, engines and motors, energy, security, building materials, construction, green building consulting, EPC services, intralogistics, healthcare equipment, durables, furniture, interior design, architectural fittings, IT, software, as well as Infrastructure Solutions.

• This group will now be controlled by Jamshyd Godrej, Chairperson and Managing Director; Nyrika Holkar, Executive Director, and their immediate families, a statement noted.

• Godrej Industries Group (GIG), which includes the listed companies -- Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet and Astec Lifesciences -- have been assigned to Adi and Nadir Godrej.

• Nadir will the Chairperson of these firms, and they will be controlled by him, Adi and their immediate families, the statement noted.

• Pirojsha Godrej will be the Executive Vice Chairperson of GIG and will succeed Nadir as the Chairperson in August 2026, it added.

Amicable split

The split was carried out in amicable manner, with both the factions of the family agreeing to use the same Godrej brand.

"Both the groups will continue to use the Godrej brand and are committed to growing and strengthening their shared heritage," the statement said. The family members wish each other every success for the future, it added.

Commenting on the future outlook, Jamshyd said, "With this future-facing family agreement now in place, we can further drive our growth aspirations with fewer complexities and focus on leveraging our core strengths in high tech engineering and design-led innovation across our strong portfolio of strategic, consumer and emerging businesses.”

Nadir, while commenting on the development, said Godrej was founded in 1897 to help "build economic independence for India", and the same "purpose of innovating for a cause" will guide the group in the years to come. "We look forward to building on this legacy with focus and agility," he added.

Shares of Godrej Industries, the main listed arm, closed 5.68% higher on the NSE at ₹960.6 on April 30.