Godrej group to split between the family
According to the statement, the split has been termed as "an ownership realignment" by the company
The 127-year-old Godrej group is all set to split between two branches of the founding family. Godrej, the company ranging its services and products from home appliances to real estate have landed on an agreement to split the conglomerate.
Adi and his brother Nadir will keep the Godrej industries comprising of five listed firms, whereas Jamshyd and Smita (their cousins) will get the unlisted Godrej & Boyce and its affiliates as well as a land bank, including prime property in Mumbai.
The statement issued by the group mentioned the split between the founding family where Adi (82) and his brother Nadir (73) make one side and their cousins Jamshyd (75) and Smita Crishna (74) make the other.
Jamshyd (chairperson and managing director) with his sister Smita’s daughter Nyrika Holkar, 42 (executive director) will have control over Godrej Enterprises Group – comprising Godrej & Boyce and its affiliates that have a presence across multiple industries spanning aerospace and aviation to defence, furniture and IT software. Their family will also hold the land bank, including 3,400 acres of prime land in Mumbai.
On the other hand, the Industries group which comprises listed firms such as Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet and Astec Lifesciences will be controlled by Adi, Nader and their immediate family with Nadir as the Chairperson.
Adi’s son Pirojsha will be the executive vice chairperson of the GIG and will succeed his uncle as the chairperson in August 2026, said the statement.
According to the statement, the split has been termed as “an ownership realignment” by the company.
“The realignment has been arrived at in a respectful and mindful way to maintain harmony and to better align ownership in acknowledgement of the differing visions of the Godrej family members,” read the statement.
“This will help maximize strategic direction, focus, and agility, and will accelerate the process of creating long-term value for shareholders and all other stakeholders.”
To facilitate the split, both parties quit the boards of companies in the rival camp. the report says Adi and Nagar are planning to sell their ownership shares in Godrej & Boyce to the other branch.
Real Estate worth crores will remain under Godrej and Boyce, and a separate agreement will be worked out to govern the ownership rights. It owns 3,400 acres of Land in Mumbai, including a 3,000-acre parcel in Vikroli, Mumbai. The estimated developmental potential of the Vikroli land is over RS.1 lakh crore. It can develop to 1,000 acres, while about 1,750 acres are cloaked with mangroves and are the destination of rare plants and birds.
The statement said the realignment will be implemented once the necessary regulatory approvals have been obtained.
According to the statement, (GEG) comprises (G&B) and its affiliates, which have a 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, chairperson and managing director, Nyrika Holkar, Executive Director, and their immediate families.”
Jamshyd Godrej reacted to the split by saying, “Since 1897, Godrej & Boyce has always been driven by the strong purpose of nation-building. 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 Godrej said, “it was founded in 1897 to help build economic independence for India. This deep purpose of innovating for a cause – the values of trust and respect and the belief in trusteeship and making communities that the companies operate in stronger and better – continue to form the bedrock of who we are 125 years later. We look forward to building on this legacy with focus and agility”
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