The amicable family settlement announced by the 127-year old Godrej Group, splitting the operations into two factions, has paved the way for the emergence of the next generation of leaders in the family. Under the terms of the agreement Adi Godrej and Nadir Godrej get control of all the listed entities in the group, Jamshyd Godrej and Smita Crishna have control of the unlisted entities comprising Godrej Boyce & its affiliates, which includes the over 3,000 acres of land owned by the group in Mumbai.
Adi Godrej’s son Pirojsha Godrej, executive chairman of Godrej Properties and Jamshyd’s niece Nyrika Holkar have been given key positions in the groups under the family settlement.
In a statemen the group said, “The realignment has been arrived at in a respectful and mindful way to maintain harmony and to better align ownership in acknowledgment of the differing visions of the Godrej family members. This will help maximize strategic direction, focus, agility, and will accelerate the process of creating long-term value for shareholders and all other stakeholders.”
The listed entities under Godrej Industries Group (GIG) are Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet and Astec Lifesciences. In addition Godrej Seeds and Genetics and Innovia Multiventures will be part of the group of which Nadir Godrej will be the chairperson and Pirojsha Godrej will be the Executive Vice Chairperson and will succeed Nadir Godrej as the Chairperson in August 2026.
Under the terms of the agreement members of either group will not be directly or indirectly involved in the management and operations of the entities of the other group.
