Succession

The Godrej family settlement, which has split the group in two, has received a thumbs-up from lawyers 

- KRISHNA GOPALAN

FAMILY SETTLEMENTS CAN often be complicated, especially when business is involved. In the case of the 127-year-old conglomerate Godrej Group, it took over four years to conclude.

As part of the agreement, the group has been split vertically into two entities: Godrej Industries Group (GIG) and Godrej Enterprises Group (GEG).

Adi Godrej and his younger brother Nadir get the newly formed GIG, which will house five listed companies—Godrej Industries, Godrej Properties, Godrej Consumer Products, Godrej Agrovet, and Astec Lifesciences. Nadir Godrej will be its Chairperson.

The other set of businesses will come under GEG, which will have the unlisted Godrej & Boyce, its affiliates, and a vast land bank in central Mumbai’s Vikhroli. That has gone to Jamshyd Godrej and his sister, Smita Godrej Crishna, both cousins of Adi and Nadir Godrej. While Jamshyd will be its Chairperson, 42-year-old Nyrika Holkar, Smita Crishna’s daughter, will be the Executive Director. On the GIG side, Adi Godrej’s son Pirojsha, 43, who will be Executive Vice Chairperson of the group, will succeed Nadir as Chairperson in August 2026.