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Home » Business » Godrej Family 127-Year Legacy Divides: Discover What Adi, Nadir, and Jamshyd Receive

Godrej Family 127-Year Legacy Divides: Discover What Adi, Nadir, and Jamshyd Receive

Adi Godrej and his brother Nadir will keep Godrej Industries, which has five listed companies, while Jamshyd and Smita will receive unlisted Godrej & Boyce and its affiliates, as well as a land bank, including prime Mumbai real estate.

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Godrej Family 127-Year Legacy Divide

Godrej Family 127-Year Legacy Divides: As part of its 127-year-old conglomerate, the Godrej Group includes soaps, home appliances, and real estate.

Adi Godrej and his brother Nadir will keep Godrej Industries, which has five listed companies, while Jamshyd and Smita will receive unlisted Godrej & Boyce and its affiliates, as well as a land bank, including prime Mumbai real estate.

In a statement, the group claimed that it had split into two branches, with Adi Godrej (82) and his brother Nadir (73) on one side and their cousins Jamshyd Godrej (75) and Smita Godrej Crishna (74) on the other.

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Split Agreement Details

Jamshyd Godrej will serve as chairman and managing director of the Godrej Enterprises Group, which includes Godrej & Boyce and its affiliates.

Nyrika Holkar, 42, is his sister Smita’s daughter.

Their families will control this arm, which will also hold 3,400 acres of prime Mumbai land.

Adi and Nadir Godrej, along with their immediate families, will control the Godrej Industries Group, which includes Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet, and Astec Lifesciences.

In August 2026, Pirojsha Godrej, 42, son of Adi, will succeed Nadir as chairperson of GIG.

The Godrej family described the split as “an ownership realignment” of the company shares.

In order to maintain harmony and better align ownership, the realignment was done respectfully and mindfully in recognition of the differing visions of members of the Godrej family.

Creating long-term value for shareholders and other stakeholders will be accelerated by maximizing strategic direction, focus, and agility.”

Godrej

In addition to using the Godrej brand, both groups are committed to growing and strengthening their shared heritage.

Following failed ventures into hand-crafted medical devices, lawyer-turned-entrepreneur Ardeshir Godrej and his brother turned to locksmithing in 1897.

The group was inherited by Pirojsha, Ardeshir’s younger brother. Pirojsha had four children – Sohrab, Dosa, Burjor, and Naval.

In time, the helm of the group passed to the children of Burjor (Adi and Nadir) and Naval (Jamshyd and Smita) since Sohrab had no children while Dosa had only one child, Rishad.

In order to enable the split, both sides resigned from the boards of companies in rival camps. Adi and Nadir Godrej left the Godrej & Boyce Board, while Jamshyd Godrej resigned from GCPL and Godrej Properties.

According to unconfirmed reports, Adi and Nadir Godrej will divest their stakes in Godrej & Boyce.

Through a family arrangement, Jamshyd Godrej will transfer Godrej Consumer Products (GCPL) and Godrej Properties to his cousins.

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Real Estate Holdings

Godrej & Boyce (G&B) will retain ownership rights to properties worth crores of rupees, mostly on prime Mumbai suburb land. A separate agreement will govern ownership rights.

The company owns 3,400 acres of land in Mumbai, including a 3,000-acre plot in Vikhroli, Mumbai, which has a development potential of over Rs 1 lakh crore.

Around 1,000 acres of land can be developed, while 1,750 acres are covered with mangroves and are a habitat for rare plants and birds. About 300 acres have already been encroached upon.

Pirojsha purchased Vikhroli from the Bombay High Court receiver in 1941-42 at a public auction.

Previously, it was owned by a Parsi merchant named Framjee Banaji, who bought it from the East India Company in 1830.

His brother Nadir is chairman of Godrej Industries and Godrej Agrovet, and Adi is chairman of Godrej Group.

Jamshyd’s cousins Smita Crishna and Rishad Godrej also own stakes in Godrej & Boyce, which owns most of the property in Vikhroli.

Godrej Real Estate Holdings

To separate the land ownership, Jamshyd hired investment banker Nimesh Kampani and lawyer Zia Mody several years ago.

Adi was assisted by Kotak Mahindra Bank’s Uday Kotak and Cyril Shroff of Cyril Amarchand Mangaldas.

Realignment will be implemented after regulatory approval is obtained, according to the statement.

“Godrej Enterprises Group (GEG) comprises Godrej & Boyce (G&B) and its affiliates, which have a presence across multiple industries spanning aerospace, aviation, defense, engines and motors, energy, security, building materials, construction, green building consulting, EPC services, intralogistics, healthcare equipment, durables, furniture, interior design, architectural fittings, IT, software as well as infrastructure solutions.

Jamshyd Godrej, chairperson, and managing director, Nyrika Holkar, executive director, and their families will now control this group.

The listed companies, Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet, and Astec Lifesciences, will be controlled by Adi Godrej, Nadir Godrej, and their immediate families as Chairperson of the Godrej Industries Group (GIG).

Piropjsha Godrej will succeed Nadir Godrej as Chairperson of GIG in August 2026, the statement said.

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