New Delhi: If anyone’s name comes first in India’s pre-independence business world, it is ‘Godrej’. The family business has spread from real estate to consumer. But now this 127 years old family has been divided. The business of the Godrej family was divided into 2 parts. Similarly, all the assets of Godrej Group of Companies are divided into two parts.
According to reports, Adi and his brother Nadir will retain control of Godrej Industries, which includes five listed companies. Similarly, cousin Jamshed Gair and his sister Smita Krishna have also been given their share. According to the group, this established family is divided into two parts. Adi and his brother Nadir are on one side while Jamshed Gair and his sister Smita Krishna are on the other side.
The property is owned by 82-year-old Adi Godrej and his brother Nadir Godrej, who own Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet, and Acetech Life Sciences. Similarly, his cousin Jamshed Gair and his sister Smita Krishna have got listed Godrej & Bias Manufacturing Company. The net worth of this company, which is on the top list of the Indian stock market, has now reached 2.34 lakh crores, but after 127 years, the property has been divided among the families.
