127-Yr-Old Godrej Business Empire Gets Divided Amicably

New Delhi: The 127-year-old Godrej empire worth $5.7 billion was divided into two groups.

Adi Godrej, who is head of the family and his brother Nadir Godrej, will retain control of the five listed companies of the Godrej Group.

According to a stock exchange filing, the cousins, Jamshyd and Smita, will receive the unlisted Godrej & Boyce Mfg Co, along with its affiliates and a huge land bank.

Both the groups will continue to utilise the ‘Godrej’ brand and are “committed to growing and strengthening their shared heritage”.

The Godrej Group was founded in 1897.

The division of the conglomerate was agreed upon to honour the differing viewpoints within the family over business strategies.

The Godrej Industries Group includes the listed entities Godrej Industries Ltd, Godrej Consumer Products Ltd, Godrej Properties Ltd, Godrej Agrovet Ltd, and Astec Lifesciences Ltd – will be led by Nadir Godrej as chairperson alongside his brother Adi and their immediate families. These five companies are valued at Rs 2.4 lakh crore.

Pirojsha Godrej, the son of Adi Godrej, has been appointed the executive vice chairperson of the group. He will take over the role of chairperson from Nadir Godrej in August 2026.

Meanwhile, the Godrej Enterprises Group will be led by Jamshyd Godrej, who serves as chairperson and managing director, alongside Nyrika Holkar as the executive director, and their immediate families, as per the family settlement agreement.

The Godrej Enterprises Group comprises Godrej & Boyce, along with its associated companies that operate diverse businesses including appliances, aerospace, aviation, defence, energy, security, construction, health care, furniture, IT, and infrastructure.

The family will also retain land banks, including over 3,400 acres in Vikhroli, a suburb of Mumbai, which remain the family’s largest asset.