Godrej Enterprises Group
 | |
| Company type | Private |
|---|---|
| Industry | Engineering conglomerate |
| Founded | 1897[1] |
| Founders | |
| Headquarters | Mumbai, Maharashtra, India |
Area served | Worldwide |
Key people | Jamshyd Godrej (Chairman & Managing Director) Nyrika Holkar (Executive Director) Anil Verma (Executive Director & CEO) |
| Services | |
Number of employees | 16,000[2] |
| Divisions |
|
| Website | Official website |
Godrej Enterprises Group (Including Godrej & Boyce and its affiliates) is an Indian conglomerate headquartered in Mumbai. G&B was founded in 1897 by Ardeshir Godrej and Pirojsha Burjorji Godrej. The company is known for developing one of the earliest springless locks and manufacturing refrigerators in India.[3]
In 2024, the Godrej family restructured its businesses, forming two independent entities: Godrej Enterprises Group and Godrej Industries Group. Jamshyd Godrej serves as the Chairperson and Managing Director of GEG, while Nyrika Holkar is the Executive Director.[4][5][6]
GEG operates in over 60 countries across five continents and has business interests in aerospace, defense, energy, security, and consumer durables through its flagship company, Godrej & Boyce, and its affiliates.[4] In 2024, the company introduced a new identity with a purple logo while retaining its cursive signature design.[5]
History
[edit]Godrej & Boyce (G&B), the flagship company of Godrej Enterprises Group, was founded in 1897 by Ardeshir Godrej and his brother Pirojsha Burjorji Godrej, who managed the company’s manufacturing operations.[7] Established during the Swadeshi movement, the company grew as part of India's early industrialization efforts.[8]
In its early years, Godrej & Boyce developed an early version of the springless lock and India’s first fire- and burglar-resistant safe.[3] Over time, it expanded into various industries, including aerospace, where it has collaborated with the Indian Space Research Organisation (ISRO) for over three decades.[4][8]
Under the leadership of Pirojsha’s son, Naval Godrej, the company expanded further with the development of Pirojshanagar, an industrial township in Vikhroli, Mumbai, which now serves as its headquarters.[9][8]
Restructuring and formation of GEG
[edit]In April 2024, the Godrej family announced the restructuring of the Godrej Group into two separate entities: Godrej Enterprises Group (GEG) and Godrej Industries Group (GIG). Jamshyd Godrej became the Chairperson and Managing Director of GEG, while Nyrika Holkar was appointed Executive Director.[10] GEG oversees Godrej & Boyce and its various business verticals.[4]
Business operations
[edit]Godrej Enterprises Group operates through its flagship company, Godrej & Boyce, along with its affiliated businesses. The group operates in various industries, including aerospace and aviation, defense, energy, security solutions, construction, furniture, and information technology.[9][4]
Appliances: Godrej entered the home appliances sector in 1958 with the production of refrigerators. Its product range later expanded to include air conditioners, washing machines, and kitchen appliances.[8]
Locks & Security Solutions: The group's operations in security solutions began in 1897 with the manufacturing of locks. It later expanded into residential and commercial security systems.[8]
Real Estate: The company is engaged in real estate development and leasing.
Aerospace: Established in 1985, Godrej Aerospace manufactures components for India's space and defense programs.[8] The company has supplied high-precision parts for missions such as Mangalyaan and Chandrayaan to the Indian Space Research Organisation (ISRO). It also develops components for the defense and aviation industries.[4]
Furniture: Godrej began manufacturing furniture in 1923 with the introduction of the Godrej Storewel cupboard. In 2006, Godrej Interio was established as a dedicated furniture division, providing furniture for residential and commercial use in India.[8]
Vending: The group produces automated vending machines for beverages and food, catering to workplaces and public spaces.
Information Technology: Godrej Infotech, a subsidiary of Godrej & Boyce, provides IT services, including business process consulting, infrastructure management, and application development. It primarily serves industries such as manufacturing, retail, and distribution.[11]
Awards and recognition
[edit]2024:
[edit]- Awarded Brand of the Year by Marksmen Daily.[12]
- Godrej Locks and Architectural Fittings received the CII Award for premium-quality digital locks.[13]
2023:
[edit]- Godrej Locks received seven India Design Mark Awards for safety solutions.[14]
- Godrej & Boyce received the CII-ITC Sustainability Award.[15]
2021:
[edit]- Godrej & Boyce won two CII-EXIM Bank Awards for Business Excellence.[16]
- Plant-13 Annexe at Godrej & Boyce recognized with the IGBC Award.[17]
- Godrej & Boyce won two awards at the Human Capital Awards[18]
References
[edit]- ^ "Know Your Founders". Archived from the original on 29 October 2006. Retrieved 18 February 2010.
- ^ Shashidhar, Ajita; John, Nevin (10 January 2025). "Reinventing Godrej: How the Jamshyd Godrej-led group is transitioning as an AI-driven consumer-centric biz". Fortune India. Retrieved 5 April 2025.
- ^ a b Mukherjee, Vasudha (1 May 2024). "Godrej Group division: Here's a look at 127-year-old history of the company". Business Standard India.
- ^ a b c d e f Shashidhar, Ajita; John, Nevin (10 January 2025). "Reinventing Godrej: How the Jamshyd Godrej-led group is transitioning as an AI-driven consumer-centric biz". Fortune India. Retrieved 5 April 2025.
- ^ a b Chaliawala, Nehal (28 November 2024). "Godrej Enterprises looks for a brand repositioning, adopts new logo". Mint (newspaper).
- ^ "Godrej Split: Decoding the Godrej family tree, who gets what - 127-year-old business splits". The Economic Times. Retrieved 5 April 2025.
- ^ "Godrej: From locks to rockets". 25 November 2024. Retrieved 5 April 2025.
- ^ a b c d e f g "Godrej & Boyce products remain iconic". Business Today. 23 June 2011. Retrieved 5 April 2025.
- ^ a b "Godrej family amicably splits 127-year-old conglomerate into two groups". Business Standard.
- ^ "Realignment of shareholding gives greater focus on businesses: Jamshyd Godrej". www.fortuneindia.com. 2 November 2024. Retrieved 5 April 2025.
- ^ "Godrej split: CCI approves realignment of various entities within Godrej group". Business Today. 18 June 2024. Retrieved 5 April 2025.
- ^ "Post Show Report" (PDF).
- ^ MBDesk (18 June 2024). "Godrej Locks and Architectural Fittings win CII award for premium quality digital locks". MediaBrief. Retrieved 5 April 2025.
- ^ "Godrej Enterprises Honoured at 2024 India Design Mark Awards". 27 February 2025. Retrieved 5 April 2025.
- ^ "18th CII-ITC Sustainability Awards 2023" (PDF).
- ^ "Godrej & Boyce receives two CII-EXIM Bank Awards 2021 for Business Excellence". Construction Technology Today. Retrieved 5 April 2025.
- ^ "Godrej & Boyce becomes the only Indian Company to be announced as a Finalist at the World GBC 'Asia Pacific Leadership in". APN News. 30 December 2020. Retrieved 5 April 2025.
- ^ "Godrej & Boyce bags two awards at Human Capital Awards". MediaBrief. 18 November 2021. Retrieved 5 April 2025.
