Boyce Manufacturing News Today

/PRNewswire/ -- The HVAC systems market size in India is estimated to grow by USD 3.98 billion from 2024-2028, according to Technavio. The market is estimated...

Recently, the Godrej family announced an ownership realignment of the shareholdings in the group companies.

Adi is currently chairman of Godrej Group. His brother Nadir is chairman of Godrej Industries and Godrej Agrovet.

The group has been split between two branches of the founding family, with Adi Godrej (82) and his brother Nadir (73) on one side and their cousins Jamshyd Godrej (75) and Smita Godrej Crishna (74) on the other, a statement by the group said.

Unconfirmed reports say Adi and Nadir Godrej will divest their stakes in Godrej & Boyce to the other branch. Jamshyd Godrej and his side of the family will transfer interests in Godrej Consumer Products (GCPL) and Godrej Properties to their cousins through a family arrangement.

The founding family of Godrej, known for its diverse portfolio ranging from soaps and home appliances to real estate, has agreed to divide the conglomerate.

The former will lead Godrej Industries Group, comprising listed companies, including Godrej Industries Ltd, Godrej Consumer Products Ltd, Godrej Properties Ltd, Godrej Agrovet Ltd and Astec Lifesciences Ltd. 75-year-old Jamshyd Godrej will lead Godrej Enterprises, which comprises Godrej & Boyce Manufacturing Co. with presence in many sectors like aerospace, aviation, defence, energy, construction, IT and software while his niece Nyrika Holkar will be the executive director.

The founding family of 127-year-old Godrej Group, which spans from soaps and home appliances to real estate, has reached an agreement to split the conglomerate.

The family announced an ownership realignment of their shareholdings in Godrej Companies

The division of the 127-year-old Godrej empire leaves door open to a possible new real estate venture from the group