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Godrej family arrive at an amicable settlement to split group thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The diversified business of the Godrej Group is managed by two factions — Godrej Industries & Associates and Godrej & Boyce Manufacturing Co. While Godrej Industries & Associates is led by Adi Godrej and his brother Nadir Godrej, Godrej & Boyce is managed by cousins Jamshyd Godrej and Smitha Godrej Crishna
The $4.1 billion Godrej Group, spanning from soaps and home appliances to real estate, is headed for a split between the brothers, sources aware of the matter said.
The group is looking for a complete large-scale division between two groups -- one led by Adi and Nadir, and the other by Jamshyd and his sister Smitha Godrej Crishna.
The Godrej Group is presently under the leadership of industrialist Adi Godrej, who is its Chairman. His brother Nadir Godrej is the Chairman of Godrej Industries as well as Godrej Agrovet.