India News: The two branches of the family – Smita Godrej Crishna and Jamshyd Godrej to the left and Adi Godrej and Nadir Godrej to the right – have reached a set
Indian entrepreneur and investor Ronnie Screwvala has hailed Godrej family succession plan revealed after conglomerate split into two groups. Pirojsha Godrej to chair Godrej Industries Group in 2026. Nyrika Holkar to lead Godrej Enterprises Group.
Pirojsha Godrej, 43, patriarch Adi Godrej's son, is set to take over as chairman of the Godrej Industries Group from 2026 whol Nyrika Holkar, Smita Godrej Crishna's 42-year-old daughter, has emerged as the face of the Godrej Enterprises Group.
Godrej Properties, which is part of GIG, will have the right to use the brand for real estate development. GEG entity Godrej & Boyce will use the brand for any development on land parcels it owned on January 1 and it will not undertake any development outside of those holdings.
Godrej Properties, which is part of GIG, will have the right to use the brand for real estate development. GEG entity Godrej & Boyce will use the brand for any development on land parcels it owned on January 1 and it will not undertake any development outside of those holdings.
Jamshyd Godrej and his sister control Godrej & Boyce with 3,000 acres Mumbai property. Adi Godrej and Nadir Godrej market real estate projects for management fees. Pirojsha Godrej mentions Vikhroli, Mumbai, and the Development Management (DM) model.
Godrej Properties Executive Chairperson Pirojsha Godrej said the company has been the development manager for the real estate projects and the same arrangement would continue.
'Business families like the Godrej group are increasingly realising that an amicable settlement is better.'
'Else, the wealth of all shareholders gets destroyed.'