The founding family of the 127-year-old Godrej Group, spanning from soaps and home appliances to real estate, has agreed to split the Rs 59,000 crore conglomerate. Adi Godrej and his brother Nadir will retain Godrej Industries, which includes five listed firms, while cousins Jamshyd and Smita will acquire unlisted Godrej & Boyce and its affiliates, along with a significant land bank, including prime property in Mumbai.
The split divides the group between two branches of the founding family, with Adi and Nadir on one side and Jamshyd and Smita on the other. Godrej Enterprises Group, comprising Godrej & Boyce and its affiliates spanning various industries, will be controlled by Jamshyd Godrej as chairperson and managing director, with his niece Nyrika Holkar serving as executive director.
Their families will oversee this arm, which also holds a substantial land bank, including 3,400 acres of prime land in Mumbai. On the other hand, Godrej Industries Group, encompassing listed companies such as Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet, and Astec Lifesciences, will be chaired by Nadir Godrej and controlled by Adi, Nadir, and their immediate families. Pirojsha Godrej, son of Adi, will serve as the executive vice chairperson of GIG and will succeed Nadir as chairperson in August 2026.
The split, termed "an ownership realignment," aims to maintain harmony within the Godrej family while aligning ownership with differing visions. Both groups will continue to use the Godrej brand and are committed to growing and strengthening their shared heritage.
The family's lineage dates back to lawyer-turned-entrepreneur Ardeshir Godrej and his brother's success in locksmithing in 1897. Over time, the group was inherited by Pirojsha, Ardeshir's younger brother. Through generations, the leadership of the group transitioned to the children of Burjor and Naval, with Adi and Nadir representing one branch and Jamshyd and Smita representing the other.
To facilitate the split, members from both sides resigned from boards of companies in rival camps. Adi and Nadir stepped down from the Godrej & Boyce Board, while Jamshyd vacated his seats on the boards of GCPL and Godrej Properties.
The split will be executed after obtaining the necessary regulatory approvals. The realignment aims to enhance strategic direction, focus, and agility while accelerating long-term value creation for shareholders and stakeholders alike. Both groups are poised to continue the legacy of innovation and community impact established by the Godrej Group since its inception in 1897.
