Godrej Split: Removal of cross-holdings, joint development of Vikhroli land on cards
The Godrej empire is run by two splinter families, led by cousins Adi Godrej and Jamshyd Godrej.
The Godrej empire is run by two splinter families, led by cousins Adi Godrej and Jamshyd Godrej.
As per the FSA, Godrej Industries Group (GIG) will be controlled by Adi Godrej, Nadir Godrej and their immediate families.
Legacy conglomerates grab emerging opportunities to ride the next decade of growth.
Godrej Group patriarch weighs intangible values of the group higher than tangible assets such as land.
Nisaba Godrej says her father "encouraged a love of adventure and the outdoors" and that growing up near Juhu beach was one of her life's greatest gifts.
Business separation has been delayed in the family because of complexity in valuation.
The imminent split could lead to an erosion in the value of brand Godrej in the absence of a robust central and shared brand governance system.
The 124-year-old group owns 3,400 acres in Mumbai, the most expensive real estate market in the country. Of this, the 3,000-acre parcel in Vikhroli has a development potential of over ₹1 lakh crore.
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