Godrej Family Agrees To Split: Division Of Listed And Unlisted Companies

The founding family of the 127-year-old Godrej Group has agreed to split the conglomerate. Adi Godrej and his brother Nadir will retain Godrej Industries, which has five listed firms, while cousins Jamshyd and Smita will acquire unlisted Godrej & Boyce and its affiliates, as well as a land bank that includes prime property in Mumbai.

The split is described as an "ownership realignment" in a statement issued by the group. Godrej Enterprises Group, comprising Godrej & Boyce and its affiliates with a presence across multiple industries, will be controlled by Jamshyd Godrej as chairperson and managing director.

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His sister Smita's daughter, Nyrika Holkar, will be the executive director. Their families will control this arm, which also holds a land bank of 3,400 acres in Mumbai. Godrej Industries Group, including listed companies Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet, and Astec Lifesciences, will have Nadir Godrej as chairperson and be controlled by Adi, Nadir, and their immediate families.

Pirojsha Godrej will be the executive vice-chairperson of GIG and succeed Nadir as chairperson in August 2026. The realignment aims to maintain harmony and better align ownership with the differing visions of the Godrej family members. It is expected to help maximise strategic direction, focus, and agility while accelerating the process of creating long-term value for shareholders and stakeholders.

Both groups will continue to use the Godrej brand and are committed to growing and strengthening their shared heritage. The two sides have resigned from the boards of companies in rival camps to enable the split. Unconfirmed reports suggest Adi and Nadir Godrej will divest their stakes in Godrej & Boyce to the other branch.

Jamshyd Godrej and his side of the family will transfer interests in Godrej Consumer Products (GCPL) and Godrej Properties to their cousins through a family arrangement. Real estate worth crores of rupees, mostly in prime land in Mumbai suburbs, will remain under Godrej & Boyce (G&B), with a separate agreement governing ownership rights. The Vikhroli land has a development potential of over Rs 1 lakh crore to some estimates. The realignment will be implemented after obtaining relevant regulatory approvals.