Godrej split news: 127-year-old Godrej group splits, to continue joint business for Vikhroli project in Mumbai

In the increasingly contentious world of family business splits, the peaceful division of the 127-year-old Godrej empire worth $5.7 billion is a rare occurrence.

According to the company, 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.

"Godrej was founded in 1897 to help build economic independence for India," Nadir Godrej said.

"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 127 years later," Nadir Godrej said.

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 division of the conglomerate was agreed upon to honour the differing viewpoints within the family over business strategies, especially among the younger generation.

“There have been no apparent undercurrents despite the differences," according to sources.

The Godrej Industries Group - which 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.

The five listed companies are collectively valued at Rs 2.4 lakh crore.

Pirojsha Godrej, the son of Adi Godrej, has been appointed as the executive vice chairperson of the group.

He is scheduled to assume 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, healthcare, 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.

"With this forward-looking 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," said Jamshyd Godrej.

Godrej family to continue joint biz for Vikhroli real estate project in Mumbai

Godrej & Boyce, the owner-developer, and Godrej Properties, the development manager, announced on Wednesday that the two companies will continue their association for land development in Vikhroli.

“The two companies will continue their Memorandums of Understanding executed from time to time, for the development of land in Vikhroli owned by Godrej & Boyce, as and when Godrej & Boyce is desirous of developing the said land,” according to a joint statement issued by the two groups.

The announcement comes after the larger Godrej family on Tuesday sealed the deal for dividing their business conglomerate into two groups to be managed separately by two families.

Godrej Construction, a business of Godrej & Boyce, designed and built four phases of Godrej Platinum, an IGBC Platinum-rated residential development project with a total constructed area of 1 million square feet, which has been marketed by Godrej Properties and, in March 2024, a new project named Godrej Vistas was successfully launched under this arrangement.

Jamshyd Godrej, Chairperson & Managing Director, Godrej & Boyce, said: “The future development of Vikhroli presents a unique opportunity to create a holistic space in the metropolis of Mumbai where urban development and biodiversity co-exist harmoniously. Godrej Construction and Godrej Properties bring complementary strengths, and this has translated into the launch of successful real estate projects in Vikhroli.”

Pirojsha Godrej, Executive Chairperson, Godrej Properties, said: “We look forward to continuing our association with Godrej & Boyce with a view to making Vikhroli into a world-class neighbourhood.”

The Godrej family has decided to restructure its shareholding in their bigger business group of companies to operate as two entities, Godrej Enterprises and Godrej Industries, according to a stock exchange filing late on Tuesday.

Godrej Enterprises Group (GEG) will be headed by Jamshyd Godrej as chairperson and managing director and his niece Nyrika Holkar as executive director. GEG operates across aerospace, aviation, defence and liquid engines among others.

Jamshyd Godrej was earlier serving as managing director and chairman of Godrej & Boyce.

Nadir Godrej will serve as chairperson of Godrej Industries Group (GIG), which operates the listed companies including Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet and Astec Lifesciences. GIG will be controlled by Nadir's brother Adi Godrej and their immediate family.