While Ardeshir had no children, the company went to Pirojsha who had four children Sohrab, Dosa, Naval, and Burjor. With time, the group's leadership has gone to Burjor's children, Adi and Nadir, and Naval's children, Jamshyd and Smita. The group is in multiple sectors such as chemicals, furniture, security solutions, real estate, home and personal care, heavy engineering, power and energy, aerospace, intralogistics, infrastructure, food and agriculture products, and information technology.
The Godrej & Boyce Manufacturing Company's assets include a sprawling 3,400 acres in Vikhroli but out of this about 1,000 acres can be developed and another 1,750 acres have mangroves and will not be developed because of environmental concerns while another 300 acres of land have been encroached upon. Real estate analysts price one acre of land at around Rs 70 crores to Rs 80 crores in Vikhroli Mumbai.
The 127-year-old multimillion dollar Godrej family group decided to restructure its conglomerate on April 30 to split them into two entities-Godrej Enterprises and Godrej Industries. Godrej group has also decided to amicably split into two groups between Adi Godrej and his cousin Jamshyd Godrej terming the split due to ownership realignment of the shareholdings in the Godrej companies. The realignment has arrived to: maintain harmony and to better align ownership in acknowledgment of the differing visions of all the Godrej family members. This will help maximize strategic direction, focus, and agility to accelerate the process of creating long-term shareholder value.
All the Godrej family group promoters viz., Adi Godrej, Nadir Godrej, Jamshyd Godrej, and Smita Godrej Crishna have also sent a joint letter to the stock exchanges about the family settlement agreement and a brand and non-compete agreement having been entered into amongst members of the Godrej family.
Denne historien er fra June 23, 2024-utgaven av The Business Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra June 23, 2024-utgaven av The Business Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
CLEANLINESS DRIVE: OVER 75K VOLUNTEERS PARTICIPATE
In a significant boost to the nationwide Jan Andolan for Swachhata fortnight, over 75,000 volunteers joined Reliance's campaign at 4,100 locations to make a strong statement #WeCare4Swachhata.
GAIL, AM Green to set up renewable energy projects
PUNE GAIL (India) Limited has partnered with AM Green B.V. (AMG) to set up solar and wind hybrid renewable energy projects of up to 2.5GW in India, the state owened PSU said in a statement.
iSprout expands its footprint in Hyderabad
iSprout, one of the leading organizations in the managed office space industry further expanded its presence in Hyderabad by leasing an additional 1 million sq.ft. of premium workspace in SAS iTower, iSprout Tower at Minaas and Trendset Jayabheri Connect.
ARIS MAKES ITS DEBUT, BEGINNING AN ERA OF TRANSFORMATION IN ACADEMIC LANDSCAPE
The Association for Reinventing School Education (ARISE) makes its official debut in its new avatar, marking the outset of a new epoch and setting unprecedented benchmarks to facilitate transformation in the modern educational landscape.
Tech Mahindra sets up SMART Academy
Tech Mahindra Foundation, in collaboration with the Centre for Innovation and Entrepreneurship (CIE), Jamia Millia Islamia (JMI) and AT&T Global Network Services India Pvt.
Adani Group, Google join forces to advance clean energy goals
The Adani Group and Google announced a collaboration today aimed at advancing sustainability goals and boosting clean energy in India.
SC dismisses review petitions on taxation of mines
The Supreme Court has dismissed petitions seeking a review of its landmark 9-judge bench judgment, which affirmed that states possess the authority to levy taxes on mineral-bearing lands and clarified that royalties on extracted minerals do not constitute a tax.
COURT PLACES ASHISH PANDEY IN CBI CUSTODY
A court in Kolkata has recently placed Sandip Ghosh, the former principal of RG Kar Medical College and Hospital, and suspended police officer Abhijit Mondal in 14-days of judicial custody.
CJI reminds lawyer he's 'still in charge'
Chief Justice of India (CJI) DY Chandrachud, who is set to retire in November, reminded a lawyer on Thursday that he is \"still in charge\" despite his short remaining tenure.
KARNATAKA HC STAYS VERDICT CLASSIFYING OLA DRIVERS AS EMPLOYEES
The Karnataka High Court has temporarily stayed a ruling that classified the relationship between ANI Technologies Private Limited (Ola) and its drivers as that of employer-employee.