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.
Godrej Group patriarch weighs intangible values of the group higher than tangible assets such as land.
With multiple stakeholders, succession planning is not only important to pass on the family wealth to the next generation but also to avoid bitter disputes.
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 Covid-19 pandemic has amplified the importance of cold-chain infrastructure, and Godrej Appliances’ medical refrigeration business is making the most of the opportunity.
Godrej & Boyce has built an array of made-in-India ultra-low temperature freezers for the world.
Corporate circles feel too much is being made of the developments around the Godrej family pact. Differences and future-proofing are natural for family businesses.