While 43-year-old Pirojsha Godrej, son of patriarch Adi Godrej, is set to take over as chairman of the Godrej Industries Group from 2026, Nyrika Holkar, the 42-year-old daughter of Smita Godrej Crishna, has emerged as the face of Godrej Enterprises Group.
Nadir Godrej will be the chairperson of Godrej Industries Group (GIG), comprising listed companies like flagship Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet, and Astec Lifesciences, as well as Godrej Seeds and Genetics, Innovia Multiventures, and all their subsidiaries and joint ventures.
Pirojsha, who will be executive vice-chairperson, will succeed Nadir as chairperson in August 2026, according to the statement issued by the Godrej group on Tuesday.
The Adi/Nadir family (ABG/NBG family) will buy out the shares held in the five listed companies by the Jamshyd/Smita family (JNG/SVC family). Each family would sell the shares they hold personally and/or via trusts to the other family, and these transactions would be tax-neutral, said a source. The Adi/Nadir family announced an open offer for Astec Lifesciences on Wednesday. Pursuant to the realignment under the family settlement agreement (FSA), the management and control of companies under the GIG group will go to the ABG/NBG family.
At present, Pirojsha is the executive chairperson of Godrej Properties, Godrej Housing Finance, and Godrej Fund Management, and a non-executive director of Godrej Consumer Products and Godrej Agrovet. Having graduated from the Wharton School of Business in 2002, Pirojsha joined Godrej Properties in 2004, and was appointed the chief executive of the real estate development firm in 2012. In 2017, he became executive chairperson of Godrej Properties.
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Bu hikaye Business Standard dergisinin May 02, 2024 sayısından alınmıştır.
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