How the 127-year-old Godrej empire broke apart peacefully

The amicable dissolution of the 127-year-old, $5.7 billion Godrej enterprise is unusual in the often acrimonious world of family company divisions.

The five listed firms of the Godrej Group will continue to be under the management of Adi Godrej, the family patriarch, and his brother Nadir Godrej, according to the company.

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

“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,” said Nadir Godrej.

A stock market filing states that the unlisted Godrej & Boyce Mfg Co., its affiliates, and a sizable land bank would be given to the cousins, Jamshyd and Smita.

The two organizations are “committed to growing and strengthening their shared heritage” and will keep using the “Godrej” brand.

It was decided to split the conglomerate in order to respect the varying opinions of the family members about business tactics, particularly those of the younger generation.

Sources state that “despite the differences, there have been no apparent undercurrents.”

Nadir Godrej, his brother Adi, and their immediate families will serve as the group’s chairmen. The Godrej Industries Group is comprised of the listed companies Godrej Industries Ltd, Godrej Consumer Products Ltd, Godrej Properties Ltd, Godrej Agrovet Ltd, and Astec Lifesciences Ltd.

The combined valuation of the five listed firms is Rs 2.4 lakh crore.

Adi Godrej’s son Pirojsha Godrej has been named the group’s executive vice chairman.

In August 2026, he is expected to succeed Nadir Godrej as chairman.

According to the terms of the family settlement agreement, Jamshyd Godrej, the managing director and chairman, Nyrika Holkar, the executive director, and their immediate families will lead the Godrej Enterprises Group.

Godrej & Boyce, together with its affiliated firms that run a variety of sectors including appliances, aircraft, aviation, defense, energy, security, construction, health care, furniture, IT, and infrastructure, make up the Godrej Enterprises Group.

The family’s greatest asset, land banks, which still total more than 3,400 acres in the Mumbai district of Vikhroli, will be retained.

“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,” stated Jamshyd Godrej.