Adi’s spell was truly great,” said Nadir Godrej in a touching tribute to his older brother, when Adi Godrej stepped down as chairman of Godrej Industries in August 2021 and passed on the mantle to him.
It was, indeed. Under Adi’s leadership, the group’s flagship, Godrej Consumer Products (GCPL), grew from being a homegrown consumer goods maker to a multinational company with a strong presence in south east Asia, Africa and Latin America. And Godrej Properties became one of the top real estate firms with projects countrywide.
Nadir seems to have filled his brother’s big shoes comfortably, as Godrej continues to expand into newer areas like financial services and sexual wellness, and its overseas operations rapidly growing through acquisitions. It bought Megasari in Indonesia, Darling Group in Africa, Issue Group and Argencos in Latin America, and Strength of Nature in the US, among many other companies in the past decade. And, there seems to be appetite for more.
In India, however, the group has been more discreet. It recently bought the consumer care business of Raymond for ₹2,825 crore. The last acquisition before that was almost three decades ago when it bought Transelektra Domestic Products, bringing the Goodknight brand into its fold.
Denne historien er fra June 25, 2023-utgaven av THE WEEK India.
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Denne historien er fra June 25, 2023-utgaven av THE WEEK India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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William Dalrymple goes further back
Indian readers have long known William Dalrymple as the chronicler nonpareil of India in the early years of the British raj. His latest book, The Golden Road, is a striking departure, since it takes him to a period from about the third century BC to the 12th-13th centuries CE.
The bleat from the street
What with all the apps delivering straight to one’s doorstep, the supermarkets, the food halls and even the occasional (super-expensive) pop-up thela (cart) offering the woke from field-to-fork option, the good old veggie-market/mandi has fallen off my regular beat.
Courage and conviction
Justice A.M. Ahmadi's biography by his granddaughter brings out behind-the-scenes tension in the Supreme Court as it dealt with the Babri Masjid demolition case
EPIC ENTERPRISE
Gowri Ramnarayan's translation of Ponniyin Selvan brings a fresh perspective to her grandfather's magnum opus
Upgrade your jeans
If you don’t live in the top four-five northern states of India, winter means little else than a pair of jeans. I live in Mumbai, where only mad people wear jeans throughout the year. High temperatures and extreme levels of humidity ensure we go to work in mulmul salwars, cotton pants, or, if you are lucky like me, wear shorts every day.
Garden by the sea
When Kozhikode beach became a fertile ground for ideas with Manorama Hortus
RECRUITERS SPEAK
Industry requirements and selection criteria of management graduates
MORAL COMPASS
The need to infuse ethics into India's MBA landscape
B-SCHOOLS SHOULD UNDERSTAND THAT INDIAN ECONOMY IS GOING TO WITNESS A TREMENDOUS GROWTH
INTERVIEW - Prof DEBASHIS CHATTERJEE, director, Indian Institute of Management, Kozhikode
COURSE CORRECTION
India's best b-schools are navigating tumultuous times. Hurdles include lower salaries offered to their graduates and students misusing AI
