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The Godrej Group, the ₹1.76-lakh-crore conglomerate that began its industrial journey five decades before Independence selling locks to the citizens of a then crime-prone Bombay, is reportedly in advanced stages of crucial negotiations to conclude the formal division of its diverse businesses, top industry executives familiar with the matter told ET.
The two factions of the Godrej family - Godrej Industries & Associates led by Adi Godrej and his brother Nadir, and Godrej & Boyce Manufacturing Company (G&B) involving cousins Jamshyd Godrej and Smitha Godrej Crishna - are likely to finalise soon the formal split of business verticals as diverse as engineering, appliances, security solutions, agricultural products, real estate, and consumer products, said the officials familiar with the matter.
The family council is reportedly discussing two critical points - one: usage of the Godrej brand name after the split, including possible royalty payments, and land valuations currently held by Godrej & Boyce Manufacturing Company.
Loved across generations, Amar Chitra Katha has once again immortalized the story of an Indian industrialist who has pioneered progress for generations. The Indian graphic novel publisher today launched a book on Naval Godrej, the industrialist who g