• About us
    • Data Analyst Team
    • Magazines Sections
    • Editorial Team
  • Advertise with us!
  • Business review
  • Guest writers
    • Guest Contribution
  • Subscription
  • Career
  • Contact us
Friday, May 27, 2022
Business Connect | Best Business magazine In India
Upcoming Event
  • News
    • All
    • Blog

    IPL 2022, RR vs RCB qualifier 2: Playing11 head to head, pitch report, key stats, more

    Quad Summit Highlights: India, Japan, US, Australia Discuss Indo-Pacific Strategy

    Quad Summit Highlights: India, Japan, US, Australia Discuss Indo-Pacific Strategy

    IPL 2022 Eliminator, LSG vs RCB: Playing11, pitch report, prediction, key stats, and more

    IPL 2022 Eliminator, LSG vs RCB: Playing11, pitch report, prediction, key stats, and more

    IPL Qualifier 1, GT & RR under the threat of rain: Weather report, playing11, and more

    IPL Qualifier 1, GT & RR under the threat of rain: Weather report, playing11, and more

    iQoo Neo 6 to launch in India on May 31 with Snapdragon 870 5G SoC

    iQoo Neo 6 to launch in India on May 31 with Snapdragon 870 5G SoC

    New-Gen Mahindra Scorpio-N All Set To Launch In India On June 27, 2022. Details here…

    New-Gen Mahindra Scorpio-N All Set To Launch In India On June 27, 2022. Details here…

    Tata IPL 2022, CSK vs RR: Playing11, head to head, prediction, and more

    Tata IPL 2022, CSK vs RR: Playing11, head to head, prediction, and more

    RCB to face do or die situation in today’s match with GT: Playing11, key stats, more.

    RCB to face do or die situation in today’s match with GT: Playing11, key stats, more

    Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

    Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV
No Result
View All Result
  • News
    • All
    • Blog

    IPL 2022, RR vs RCB qualifier 2: Playing11 head to head, pitch report, key stats, more

    Quad Summit Highlights: India, Japan, US, Australia Discuss Indo-Pacific Strategy

    Quad Summit Highlights: India, Japan, US, Australia Discuss Indo-Pacific Strategy

    IPL 2022 Eliminator, LSG vs RCB: Playing11, pitch report, prediction, key stats, and more

    IPL 2022 Eliminator, LSG vs RCB: Playing11, pitch report, prediction, key stats, and more

    IPL Qualifier 1, GT & RR under the threat of rain: Weather report, playing11, and more

    IPL Qualifier 1, GT & RR under the threat of rain: Weather report, playing11, and more

    iQoo Neo 6 to launch in India on May 31 with Snapdragon 870 5G SoC

    iQoo Neo 6 to launch in India on May 31 with Snapdragon 870 5G SoC

    New-Gen Mahindra Scorpio-N All Set To Launch In India On June 27, 2022. Details here…

    New-Gen Mahindra Scorpio-N All Set To Launch In India On June 27, 2022. Details here…

    Tata IPL 2022, CSK vs RR: Playing11, head to head, prediction, and more

    Tata IPL 2022, CSK vs RR: Playing11, head to head, prediction, and more

    RCB to face do or die situation in today’s match with GT: Playing11, key stats, more.

    RCB to face do or die situation in today’s match with GT: Playing11, key stats, more

    Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

    Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV
No Result
View All Result
Business Connect | Best Business magazine In India
No Result
View All Result
Home News

Godrej family looks to divide a $4.1 billion empire between two groups: report

admin by admin
November 1, 2021
in News
Godrej family looks to divide a $4.1 billion empire between two groups: report
Share on FacebookShare on Twitter

Godrej family looks to divide a $4.1 billion empire between two groups: report

The Godrej Group has begun a legal process to partition the empire between brothers: Adi Godrej and his brother Nadir, and his cousins Jamshyd Godrej and Smitha Godrej Crishna’s. According to a report published recently, discussions for the reorganization of the $4.1 billion company have been ongoing for months but have just lately picked up speed.

Godrej Business Profile

  • Industries – Consumer Goods
  • Company size – 10,001+ employees
  • Headquarters – Maharashtra
  • Type – Public Company
  • Founded – 1897
  • Specialties – Real Estate, Chemicals, FMCG, Industrial Engineering, Agro Chemicals, and Retail

Pirojsha Godrej, Adi Godrej’s son, represents one side, while Jamshyd, together with Godrej & Boyce’s chief financial officer, Purvez Kesri Gandhi, represents the other. Uday Kotak, Nimesh Kampani, and legal specialists Zia Mody of AZB & Partners and Cyril Shroff are among the external consultants contacted for the reorganization, according to the reports.

Adi Godrej (79), a senior industrialist, now serves as the group’s chairman. Nadir Godrej (Adi’s brother) is the chairman of Godrej Industries and Godrej Agrovet. Jamshyd N Godrej, their cousin, is the chairman of Godrej & Boyce Manufacturing Company Ltd, the conglomerate’s main enterprise and one of India’s oldest commercial families.

It was started in 1897 by lawyer-turned-serial entrepreneur Ardeshir Godrej, who achieved success with the locks company after a string of unsuccessful businesses. The Godrej family is seeking a total large-scale divide between two parties, one commanded by Adi and Nadir and the other by Jamshyd and his sister Smitha Godrej Crishna, according to a report.

“For the past few years, the Godrej family has been working on a long-term strategic plan for the firm to assure the best value for its shareholders. We also sought guidance from other partners as part of this process. The Godrej family’s negotiations are still ongoing,” Godrej Industries Ltd (GIL) and Godrej & Boyce said in a joint statement.

In the next six months, a final ruling on the subject is expected. It is likely to entail a total asset separation on a huge scale. According to the reports, Adi Godrej’s family patriarch would prefer no change, while the younger generation wants more transparency on asset ownership. Apart from Godrej & Boyce, which is a private company, the group’s other companies, such as GIL, GCPL, Godrej Properties, and Godrej Agrovet, are all publicly traded and managed by Adi Godrej and his brother Nadir.

Adi Godrej stepped aside as chairman of GIL to become chairman of Godrej Group and chairman emeritus of GIL, prompting this event. The post was taken up by his brother, who was the managing director at the time. Adi Godrej’s three offspring have gradually gained increasing authority over the group’s enterprises. Tanya Dubash, his eldest daughter, is the group’s chief brand officer and executive director. Pirojsha Godrej is the chairman of Godrej Properties, the group’s real estate business, and Nisa Godrej is the CEO of Godrej Consumer Products Ltd (GCPL), the group’s largest subsidiary.

Must Read:- 

  • Upcoming List of Top Indian Web Series of 2021
  • Top 10 richest player of the world 2021
  • Top 10 highest-paid Indian Athletes 2021
  • Top 10 highest paid CEO in the World
  • Top 10 richest person of India
  • Top 10 Highest Paid CEOs of India
  • List Of Most Followed Facebook Pages in 2021
  • The Success Story of Jeff Bezos
  • Success Story Of Elon Musk
  • Top 10 Business Magazine In India
  • Top 10 Business Newspaper In India
  • Top 10 richest billionaires in the world 2021
  • Upcoming English Web Series in 2021
  • Top 10 Tourist Places in India, places to visit after lockdown
Previous Post

From poverty to a billionaire; Inspiring Story of WhatsApp Co-Founder Jan Koum

Next Post

BHARUWA SOLUTIONS

Related Posts

News

IPL 2022, RR vs RCB qualifier 2: Playing11 head to head, pitch report, key stats, more

by admin
May 26, 2022
0

IPL 2022, RR vs RCB qualifier 2: Playing11 head to head, pitch report, key stats, more By Sanjay Maurya Match...

Quad Summit Highlights: India, Japan, US, Australia Discuss Indo-Pacific Strategy
News

Quad Summit Highlights: India, Japan, US, Australia Discuss Indo-Pacific Strategy

by admin
May 25, 2022
0

Quad Summit Highlights: India, Japan, US, Australia Discuss Indo-Pacific Strategy Being called Quad colloquially, the Quadrilateral Security Dialogue (QSD) is...

IPL 2022 Eliminator, LSG vs RCB: Playing11, pitch report, prediction, key stats, and more

IPL 2022 Eliminator, LSG vs RCB: Playing11, pitch report, prediction, key stats, and more

May 25, 2022
IPL Qualifier 1, GT & RR under the threat of rain: Weather report, playing11, and more

IPL Qualifier 1, GT & RR under the threat of rain: Weather report, playing11, and more

May 24, 2022
iQoo Neo 6 to launch in India on May 31 with Snapdragon 870 5G SoC

iQoo Neo 6 to launch in India on May 31 with Snapdragon 870 5G SoC

May 23, 2022
New-Gen Mahindra Scorpio-N All Set To Launch In India On June 27, 2022. Details here…

New-Gen Mahindra Scorpio-N All Set To Launch In India On June 27, 2022. Details here…

May 21, 2022
Next Post
BHARUWA SOLUTIONS

BHARUWA SOLUTIONS

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Best Air Conditioner (AC) in India 2022

Best Air Conditioner (AC) in India 2022

May 26, 2022

IPL 2022, RR vs RCB qualifier 2: Playing11 head to head, pitch report, key stats, more

May 26, 2022
Do's and Don'ts While Applying for Instant Cash Loan Online

Do’s and Don’ts While Applying for Instant Cash Loan Online

May 26, 2022
Quad Summit Highlights: India, Japan, US, Australia Discuss Indo-Pacific Strategy

Quad Summit Highlights: India, Japan, US, Australia Discuss Indo-Pacific Strategy

May 25, 2022

Recent News

Best Air Conditioner (AC) in India 2022

Best Air Conditioner (AC) in India 2022

May 26, 2022

IPL 2022, RR vs RCB qualifier 2: Playing11 head to head, pitch report, key stats, more

May 26, 2022
Do's and Don'ts While Applying for Instant Cash Loan Online

Do’s and Don’ts While Applying for Instant Cash Loan Online

May 26, 2022
Quad Summit Highlights: India, Japan, US, Australia Discuss Indo-Pacific Strategy

Quad Summit Highlights: India, Japan, US, Australia Discuss Indo-Pacific Strategy

May 25, 2022

Recommended

Implantation Symptoms Before Pregnancy Test

November 5, 2020
RISEOO - YOUR CHOICEABLE BRAND FOR A SKYROCKETING GROWTH - Business Connect

RISEOO – YOUR CHOICEABLE BRAND FOR A SKYROCKETING GROWTH

September 4, 2020

Most Popular

Best Air Conditioner (AC) in India 2022
Blog

Best Air Conditioner (AC) in India 2022

May 26, 2022
News

IPL 2022, RR vs RCB qualifier 2: Playing11 head to head, pitch report, key stats, more

May 26, 2022
Do's and Don'ts While Applying for Instant Cash Loan Online
News

Do’s and Don’ts While Applying for Instant Cash Loan Online

May 26, 2022

Business Connect is a business magazine whose name is derived from Business Community which connects entrepreneurs, executive officers and VCs. With a mission to have one of the highest readership figures of senior-level executives and investors in India, Business Connect brings its edition on monthly basis.

Follow Us

Contact Information

Address: 804, DDA 2, District Centre, Janakpuri West, New Delhi-110058

Phone Number: +91-11-41065208, 42636209

Mail: abhishek@businessconnectindia.in

Recent News

Best Air Conditioner (AC) in India 2022

Best Air Conditioner (AC) in India 2022

May 26, 2022

IPL 2022, RR vs RCB qualifier 2: Playing11 head to head, pitch report, key stats, more

May 26, 2022
Do's and Don'ts While Applying for Instant Cash Loan Online

Do’s and Don’ts While Applying for Instant Cash Loan Online

May 26, 2022

Request a call back

  • About us
  • Why us
  • Healthcare
  • Guest writers
  • Career
  • Contact us

© 2020 All Rights Reserved by Business Connect India

No Result
View All Result
  • News
  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV

© 2020 All Rights Reserved by Business Connect India

Quick Call with Us

Our team will facilitate you with a call and we will understand your needs.

No thanks, I’m not interested!