Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

The founding family of the 127-year-old <keyword id="20337487" type="General" weightage="20" keywordseo="Godrej-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Godrej Group" meta.hostid="153" meta.entityid="Godrej Group">Godrej Group</keyword>, which deals in locks to soaps to aerospace to real estate, has reached an agreement to split the conglomerate, as per a joint announcement. On Tuesday, the Godrej family announced an <keyword id="21485962" type="General" weightage="20" keywordseo="ownership-realignment" source="keywords">ownership realignment</keyword> of their shareholdings in the Godrej Companies. The realignment in the conglomerate, incorporated back 1987, 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, both sides of the family said in a statement. This is expected to help maximize strategic direction, focus, agility, and will accelerate the process of creating long-term value for shareholders and all other stakeholders. The realignment will be implemented after the relevant regulatory approvals have been obtained. Godrej Enterprises Group (GEG) comprises of <keyword id="19970508" type="General" weightage="20" keywordseo="Godrej-Boyce" source="keywords" meta.keywordsubtype="org" meta.entityname="Godrej &amp; Boyce" meta.hostid="153" meta.entityid="Godrej &amp; Boyce">Godrej &amp; Boyce</keyword> (G&amp;B) and its affiliates, which have 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 <keyword id="20311265" type="General" weightage="20" keywordseo="Jamshyd-Godrej" source="keywords">Jamshyd Godrej</keyword>, Chairperson and Managing Director, Nyrika Holkar, Executive Director, and their immediate families. <keyword id="20380758" type="General" weightage="20" keywordseo="Godrej-Industries" source="keywords" meta.keywordsubtype="org" meta.entityname="Godrej Industries" meta.hostid="153" meta.entityid="Godrej Industries">Godrej Industries</keyword> Group (GIG), which includes the listed companies, Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet and Astec Lifesciences will have <keyword id="20594913" type="General" weightage="20" keywordseo="Nadir-Godrej" source="keywords">Nadir Godrej</keyword> as Chairperson and will be controlled by <keyword id="21485960" type="General" weightage="20" keywordseo="Adi-Godrej" source="keywords">Adi Godrej</keyword>, Nadir Godrej, and their immediate families. <keyword id="20481243" type="General" weightage="20" keywordseo="Pirojsha-Godrej" source="keywords">Pirojsha Godrej</keyword> will be the Executive Vice Chairperson of GIG and will succeed Nadir Godrej as the Chairperson in August 2026, the statement said. Jamshyd Godrej said "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 "Godrej 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." Both Groups will continue to use the Godrej brand and are committed to growing and strengthening their shared heritage, it added. (ANI)

127-year-old Godrej Group splits conglomerate between family

<keyword id="6359861" type="UNKNOWN" weightage="20" keywordseo="Veteran">Veteran</keyword> industrialist Adi Godrej will step down as chairman as well as from the board of directors of <keyword id="167591" type="COMPANY" weightage="20" keywordseo="Godrej-Industries-Ltd">Godrej Industries Ltd</keyword>, passing on the baton to his younger brother Nadir Godrej, effective October 1, according to a company statement. The 79-year-old industrialist will continue to serve as chairman of the <keyword id="133008" type="COMPANY" weightage="20" keywordseo="Godrej-group">Godrej Group</keyword> and chairman emeritus of GIL, said the statement. "Nadir Godrej, who is currently managing director of GIL, will take over as chairman and managing director of the company," it added. GIL is a holding company of the Godrej Group. It has significant interests in consumer goods, real estate, agriculture, chemicals and financial services through its subsidiary and associate companies, across 18 countries. Adi Godrej has served GIL for almost four decades. "It has been a privilege to serve <keyword id="113571" type="CITY" weightage="20" keywordseo="Godrej-Industries">Godrej Industries</keyword> for over four decades, during which we have delivered strong results and transformed our company," said Adi Godrej. He thanked the board for its support and guidance, his team members, business partners, shareholders, investors, and communities, for their continued partnership. "I am very confident that our best years are ahead of us, and I look forward to Nadir and our team achieving our exciting aspirations," Adi Godrej. In the statement, Nadir Godrej thanked his brother for his vision and leadership, which shaped the company. "On behalf of our team at Godrej Industries and our board, I want to thank our chairman for his vision, values and exceptional leadership that has guided and shaped our company. "Our leadership team is committed to building forward on these foundations; continuing to serve our people and communities, and creating long-term value for all our stakeholders," said Nadir Godrej said. On August 4, Adi Godrej announced to step down from the board of group's FMCG arm, Godrej Consumer Products Ltd (GCPL), effective next month. In GCPL, he already passed on the baton to his younger daughter Nisaba Godrej in 2017 as chairman. But, he will remain as chairman emeritus of the FMCG firm. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/india-now-has-four-edtech-unicorns-byju-unacademy-eruditis-upgrad/articleshow/85300757.cms">From Byju’s to Eruditus — India now has four edtech unicorns, thanks to a $4 billion funding inflow since 2020</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/realme-book-slim-laptop-launching-in-india-on-august-18-check-expected-price-and-specifications/articleshow/85299743.cms">Realme Book Slim laptop launching in India on August 18 – specs, expected price and everything we know so far</a>

Adi Godrej to step down as Godrej Industries' chairman and board of directors

<ul><li>Cousins Adi Godrej and Jamshyd Godrej are known to have differences in opinion on how to develop their massive land bank </li><li>Their grandfathers have founded the Godrej Group and have been acquiring this land since the 1940s. </li><li>Jamshyd has hired Nimesh Kampani of J M Financial while Adi and his brother Nadir have hired Uday Kotak and Cryril Shroff for negotiations.</li></ul>One of India’s oldest business families of India, Godrej has decided to split their enormous land holdings, tangled between themselves, to make way for real estate development, according to reports. Cousins Adi Godrej and Jamshyd Godrej are known to have differences in opinion on how to develop their massive land bank that extends over 3,400 acres in Mumbai. The Godrej family released a joint statement by Adi Godrej and Jamshyd Godrej, calling them ‘normal’ family discussions. 
 <div type="ExtQuote" text="We have been working on a long term strategy plan for the Group for several years. As part of this exercise, we have sought advice from external partners to help us think through options. The family regrets the sensationalist media coverage of these normal and private family discussions." auname="Statement by Godrej family"></div>

 Their grandfathers have founded the Godrej Group and have been acquiring this land since the 1940s. And a large chunk of it, around a 1,000 acres lies in the prime real estate areas of Vikhroli. While Adi heads Godrej Consumer and Godrej Properties, Jamshyd is the chairman and managing director of Godrej and Boyce. The closely held Godrej and Boyce is the owner of most of this land, while Adi’s real estate development company, Godrej Properties pays around 15% of the project revenue to them,<a href="https://economictimes.indiatimes.com/news/company/corporate-trends/godrej-family-may-rework-pacts-after-rift-over-land/articleshow/69966815.cms"> as per an ET report</a>. Now, however, both sides have hired investment bankers and lawyers to re-work family arrangements, in order to make way for Adi’s properties business to turn into the city’s largest real estate developer. Top investment bankers will be a part of tough negotiations to untangle the complicated family pacts. While Jamshyd has hired Nimesh Kampani of J M Financial while Adi and his brother Nadir have hired Uday Kotak the chairman of Kotak Mahindra Bank and Cryril Shroff of Cyril Amarchand and Mangaldas, as per a<a href="https://www.business-standard.com/article/companies/godrej-family-hires-top-law-firms-to-untangle-land-holdings-worth-rs-20k-cr-119062700056_1.html"> report by Business Standard</a>. The Godrej Group was founded by Ardeshir Godrej along with his brother, Pirojsha Godrej in 1987. Pirojsha’s sons formed the second generation as Ardeshir died childless. The third generation consists of Adi, Nadir and Jamshyd.

A 122-year old Indian business family has hired bankers and lawyers to split the land of their fathers

New Delhi, Feb 13 () Godrej Industries Ltd on Thursday reported a consolidated net profit of Rs 216.32 crore in the third quarter ended December 31, 2019. The company, which announced reappointment of Nadir Godrej as its managing director for a period of three years, had posted a consolidated net profit of Rs 156.42 crore in the year-ago quarter. Revenue from operations during the third quarter this fiscal stood at Rs 2,696.31 crore. It was Rs 2,417.58 crore in the same period a year ago. The company said during the previous year, one of its subsidiaries had acquired control of Godrej Tyson Foods Ltd and Godrej Maxximilk Pvt Ltd and they became subsidiaries with effect from March 27, 2019. Accordingly consolidated financial results of the current quarter and nine months ended December 31, 2019 include results of these acquired firms. Hence, the consolidated financial results of the current quarter and nine months ended December 31, 2019 are not comparable with the financial results of the corresponding previous periods, the company said. On Godrej's reappointment, the company said the Nomination and Remuneration Committee of the Board of Directors had recommended the proposal. The board approved the re-appointment of managing director of the company for a further period of three years commencing from April 1, 2020 upto March 31, 2023 subject to approval of the shareholders. Godrej Indistries also said its board has approved investment of up to Rs 5OO crore by way of subscription or purchase of securities or otherwise in Godrej Agrovet Ltd, its subsidiary company subject to shareholder approval. RKL SHWSHW

Godrej Industries Q3 net at Rs 216.32 cr

<keyword id="3227612" type="UNKNOWN" weightage="100" keywordseo="Burjis-Godrej">Burjis Godrej</keyword>, the customer support Asian development specialist at Conservis has a surname that surely makes people ask him if he is related to the Godrej family, the one that owns the <keyword id="113571" type="CITY" weightage="100" keywordseo="Godrej-Industries">Godrej Industries</keyword>. He is, in fact, the son of Nadir Godrej (MD, Godrej Industries). 
 Similarly, when Mukesh Ambani's daughter <keyword id="617730" type="PERSON" weightage="100" keywordseo="Isha-Ambani">Isha Ambani</keyword> worked at <keyword id="6372399" type="COMPANY" weightage="100" keywordseo="McKinsey">McKinsey</keyword> &amp; Co before joining the family business, she surely would have been the topic of many coffee break discussions that her colleagues would have had. 
 <keyword id="130464" type="PERSON" weightage="100" keywordseo="Lakshmi-Venu">Lakshmi Venu</keyword>, daughter of Venu Srinivasan (<keyword id="190592" type="COMPANY" weightage="100" keywordseo="TVS-Group">TVS group</keyword>), <keyword id="192486" type="PERSON" weightage="100" keywordseo="Nandini-Piramal">Nandini Piramal</keyword>, daughter of Swati and Ajay Piramal (<keyword id="6397591" type="PERSON" weightage="100" keywordseo="Piramal-Enterprises">Piramal Enterprises</keyword>); <keyword id="114302" type="PERSON" weightage="100" keywordseo="Radhika-Piramal">Radhika Piramal</keyword>, the daughter of Dilip Piramal (<keyword id="114305" type="COMPANY" weightage="100" keywordseo="VIP-Industries">VIP Industries</keyword>) and <keyword id="389611" type="PERSON" weightage="100" keywordseo="Anant-Goenka">Anant Goenka</keyword>, the son of Harsh Goenka (RPG Enterprises); all these kids belong to reputed business families of India, but what binds them is the fact that they chose to be trained in companies not belonging to their families. 
 There seems to be a growing appeal in the trend of working outside the family business, outside the country. While they have a lot of options to go to, they prefer global consulting companies like McKinsey, Bain, <keyword id="6370971" type="CITY" weightage="100" keywordseo="Accenture">Accenture</keyword> and <keyword id="6358918" type="PERSON" weightage="100" keywordseo="Deloitte">Deloitte</keyword> to be groomed for leadership. They also feel more comfortable in working at companies outside India so that they can get real-world experience and boost their learning trajectory. It also seems apt, because these scions would get special treatment at their own companies and a lot of unwanted attention if they work outside their companies but in the same county; working outside prevents this. 
 
“Besides, the bias of being unfairly judged is removed. And, global consulting companies and banks are known for quality, speed of work and accelerated learning on assignments,” SV Nathan, senior director and chief talent officer at Deloitte in India, told ET.

Indian business family scions like it better to work with foreign firms for global exposure

Mumbai, Jan 22 () Philanthropy arms of top corporates, including the Tatas, Mahindras, Godrejs and Premjis, on Wednesday announced a partnership to minimise the climate change impact.
 The India Climate Collaborative (ICC) will be working to strengthen the climate community locally, build a climate narrative and drive solutions that will ensure both the natural world and people thrive.
 The announcement comes amid an increased conversation on climate change, with the 50th session of the World Economic Forum in Davos generating the maximum flutter, which has also seen US President Donald Trump calling the greens "prophets of doom".
 "Our collective leadership through the ICC will indicate to the world that Indian philanthropy is ready to be a leader in climate action," Tata Trusts Chairman Ratan Tata said in a statement.
 The ICC seeks to build a collaborative platform for diverse voices, innovative solutions, and collective investments, the statement said, without quantifying the money which the corporates are pooling together for the platform.
 Vidya Shah of financial services firm Edelweiss' corporate social arm, Rohini Nilekani of Infosys' CSR arm and banker Harmendra Kothari are among the other names in the 40-member collective.
 "It is clear that the world cannot continue to pursue a business-as-usual approach and nobody can solve the problem on their own. Business, government, and philanthropy must collaborate within and among themselves to drive results quickly and at scale," Mahindra Group Chairman Anand Mahindra was quoted as saying.
 "Together we will find solutions that will make climate action effective and impactful," he added.
 Nadir Godrej, the managing director of Godrej Indistries, said businesses can do a lot for the planet in a cost effective way.
 "We have to look at localised solutions that can solve global problems, and this will need businesses, governments, academia, and individuals to work together to identify and scale up solutions. The role of philanthropy will be to augment these efforts," he said.
 Others who have joined the initiative include Swades Foundation, Sanctuary Asia Foundation, Mongabay-India, Indian Development Review (IDR), People's Archive for Rural India (PARI), Climate Collective Foundation, SELCO, and the Foundation for Ecological Security (FES).
 Shloka Nath, who leads the sustainability portfolio at Tata Trusts, has been appointed the Executive Director of the India Climate Collaborative, the statement added. AA ABM
ABM

You Searched For "Nadir Godrej" and got 7 results

127-year-old Godrej Group splits conglomerate between family

ANI

Adi Godrej to step down as Godrej Industries' chairman and board of directors

PTI

A 122-year old Indian business family has hired bankers and lawyers to split the land of their fathers

Katya Naidu

Godrej Industries Q3 net at Rs 216.32 cr

PTI

Indian business family scions like it better to work with foreign firms for global exposure

BI India Bureau

Top Indian cos' CSR arms join forces to combat climate change

PTI

These 119 Indian billionaires are worth over $300 billion right now, according to Forbes

BI India Bureau

Popular Keywords

Buying Guides