After the split, Adi Godrej will handle the listed companies of the group, cousin Jamshed will get the land bank

The country's leading industrial house and 127-year-old Godrej Group has been divided. Under this split, the ownership of the listed companies of the group will go to Adi Godrej and his brother Nadir. Whereas the unlisted companies of the group and the land bank of Godrej Group will go to cousin Jamshed and his sister Smita. Godrej Group extends from soaps to household goods to real estate.

Under the split, Godrej Group has now been divided into two parts, in which Godrej Industries will be headed by Adi Godrej (82 years old) and his brother Nadir Godrej (73 years old). Godrej Industries comprises five listed group companies, which include Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet, and Astec Life Sciences. Its chairperson will be Nadir Godrej and its control will remain with Adi Godrej and Nadir's family. Adi Godrej's son Pirojsha Godrej (42) will be the executive vice president of Godrej Industries. Pirojsha will replace Nadir Godrej in the year 2026.

Godrej Enterprises will be headed by Jamshed Godrej (75 years old) and his sister Smita Godrej Krishna (74 years old). Godrej Enterprises includes companies in aerospace, aviation, security, furniture, and IT software. Jamshed Godrej will be its chairperson and managing director. His sister Smita's daughter Nyarika Holkar (42 years old) will be the executive director. Along with Godrej Enterprises, Jamshed Godrej will also get a land bank of 3400 acres in Mumbai.

Both sides have left their positions on the boards of the opposition camp's businesses as part of the division. Adi and Nadir have departed from the boards of Godrej and Boyce Company, and Jamshed Godrej has departed from the boards of Godrej Properties and Godrej Consumer Products Ltd. Additionally, the two sides will take their investments out of each other's businesses. After the division of Mumbai, Jamshed and Smita received 3400 acres of land. Of this, three thousand acres are located in Mumbai's Vikhroli neighborhood. After development, the estimated value of this land is approximately Rs 1 lakh crore. One thousand acres of this can be developed, and the remaining 1750 acres are mangrove forests, home to numerous rare plants, trees, and birds. About 300 acres of land have been illegally encroached upon.

Lawyer-turned-serial entrepreneur Ardeshir Godrej started the lock-making business in 1897 and found success in it. Earlier, Ardeshir had failed in the business of manufacturing medical devices. Ardeshir did not have children, so his business went to his younger brother Pirojsha. Pirojsha had four children, including Sohrab, Dosa, Burjor, and Nawal. As time passed, Burjor's sons Adi and Nadir, while Naval's children Jamshed and Smita took over the family business. Sohrab had no children and Dosa had a son, Rishad, but Rishad also had no children. In this way, the entire Godrej group was being run by Adi, Nadir, Jamshed Smita, and other relatives.

Currently, Adi Godrej is the chairman of Godrej Group, while his brother Nadir is the chairman of Godrej Industries and Godrej Agrovet. His cousin Jamshed is the chairman of Godrej & Boyce Company. Jamshed's sisters Smita and Rishad Godrej also have a stake in Godrej & Boyce. This company owns the land located in Vikhroli. A few years ago, Jamshed had sought advice from investment banker Nimesh Kampani and lawyer Zia Modi on the division of land ownership. Uday Kotak of Kotak Mahindra Bank and Cyril Shroff of legal firm Cyril Amarchand Mangaldas etc. were advising Godrej. The work of restructuring the group will start only after the relevant regulatory approvals.