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The two factions of the Godrej family - Godrej Industries & Associates led by Adi Godrej and his brother Nadir, and Godrej & Boyce Manufacturing Company (G&B) involving cousins Jamshyd Godrej and Smitha Godrej Crishna - are likely to finalise soon the formal split of business verticals as diverse as engineering, appliances, security solutions, agricultural products, real estate, and consumer products, said the officials familiar with the matter. ....
The family council is reportedly discussing two critical points - one: usage of the Godrej brand name after the split, including possible royalty payments, and land valuations currently held by Godrej & Boyce Manufacturing Company. ....
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 conglomerate, known for its diverse products such as door locks, soaps, and space rockets, has a long history of innovation and success. The split is aimed at resolving differences and ensuring the best value for shareholders. It involves important specifics such as the usage of the Godrej brand name and land valuations. ....
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. ....