Amicable spilt of Godrej Group – Key highlights
The multi-billion dollar Godrej family has decided to amicably split the Godrej Group, which spans from real estate to consumer products, into two groups by untangling the cross-holdings held by the family members across group companies with a division of businesses and assets between the patriarch Adi Godrej and his cousin Jamshyd Godrej. As per Stock exchange filing, the promoters – Adi Godrej, Nadir Godrej, Jamshyd Godrej and Smita Godrej Crishna, heads of the respective family branches, have sent a joint letter about a family settlement agreement (FSA) and a brand & non-compete agreement having been entered into amongst some members of the Godrej family.
According to the FSA, the Godrej Industries Group (GIG), which includes the listed companies, Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet and Astec Lifesciences as well as Innovia Multiventures Private Limited, Godrej Seeds and Genetics, and Anamudi Real Estates, along with their respective subsidiaries and joint ventures, will have Nadir Godrej as chairperson and will be controlled by Adi Godrej (ABG), Nadir Godrej (NBG), and their immediate families. Adi Godrej's son, Pirojsha Godrej will be the executive vice chairperson of GIG and will succeed Nadir Godrej as the chairperson in August 2026.
On the other hand, the Godrej Enterprises Group (GEG) of companies will include unlisted Godrej & Boyce Manufacturing Company, Godrej Holdings Private Limited and Godrej Infotech Limited and all of their respective subsidiaries and joint ventures, and RKNE Enterprises. The GEG, which has presence across multiple industries spanning aerospace, aviation, defence, IT, software, infrastructure solutions among others, will now be controlled by Jamshyd Godrej (JNG), chairperson and managing director, Nyrika Holkar, executive director, and their immediate families.
The two families have also agreed to a six-year non-compete agreement. The Family Groups have also agreed on certain non-compete protections for their existing and exclusive businesses, which shall apply for six years from the ‘effective date’. After the non-compete period, a family group can enter into the exclusive business of the other Family Group, without the use of the 'Godrej' brand (including in their corporate/ entity names).
The Godrej group was set up by Ardeshir Godrej in 1897 who started his journey by selling locks along with his brother Pirojsha. While Ardeshir Godrej had no children, Pirojsha’s sons Burjor, Sohrab, and Naval managed the group. The group is now run by Burjor’s sons Adi, and Nadir and Naval’s son, Jamshyd.
The next generation of the family has also joined the group across various companies and are now in key leadership positions with Nisaba Godrej, daughter of Adi running Godrej Consumer Products and Pirojsha Godrej, Adi’s son, running Godrej Properties. Adi Godrej is currently the Chairman Emeritus of flagship Godrej Industries while Nadir is Chairman and Managing Director of Godrej Industries.
