In a landmark move, the renowned Godrej Group, boasting a legacy spanning over a century, has revealed plans for a strategic split, marking a significant ownership realignment within the family. The conglomerate, which encompasses diverse sectors from consumer goods and real estate to industrial engineering, will now be divided between two branches of the founding family, as announced in a statement issued by the group.

The split will see Adi Godrej and his brother Nadir retaining control over Godrej Industries Group, comprising five listed firms including Godrej Industries, Godrej Consumer Products, and Godrej Properties. On the other hand, cousins Jamshyd Godrej and Smita Godrej Crishna will assume ownership of unlisted Godrej & Boyce and its affiliates, along with a substantial land bank, particularly in Mumbai.

Under the restructuring, Godrej Enterprises Group, encompassing Godrej & Boyce and its affiliates across various industries, will be overseen by Jamshyd Godrej as chairperson and managing director, with his niece Nyrika Holkar serving as executive director.

The families involved have emphasized that the split, termed as “an ownership realignment,” has been executed with due consideration to maintain harmony and align with differing visions within the Godrej family. This strategic move aims to enhance focus, agility, and long-term value creation for shareholders and stakeholders alike, according to the company statement.

The split comes after careful deliberation and preparation, with both branches of the family making concerted efforts to ensure a smooth transition. Regulatory approvals are pending, but the realignment is expected to be implemented once these are secured.

The Godrej Group, founded in 1897 by Ardeshir Godrej, has remained a cornerstone of Indian industry, evolving over generations to become a symbol of innovation and integrity. With this historic decision, the group aims to leverage its core strengths while paving the way for continued growth and success in the years to come.