Godrej Group is an Indian multinational company that was founded by Ardeshir Godrej and Pirojsha Burjorji Godrej. this company will largely owned by Godrej family. The Godrej Group is an Indian conglomerate headquartered in Mumbai, Maharashtra, India. main services of Godrej Group are consumer products, industrial engineering, appliances, furniture, security and agricultural products. Godrej industries, Godrej Consumer Products, Godrej Agrovet, and Godrej Properties are the main subsidiaries of Godrej Group.
Adi Godrej is one of the icons of Indian Industry. He is the chairman of Godrej Group. the Godrej’s were into manufacturing locks and vegetable-based soaps. The Godrej products were among the first indigenously manufactured products to displace entrenched foreign brands.
Early Life & Career :
Adi Godrej is an Indian industrialist and businessman, he was born on 3 April 1942 in the Mumbai. Burjoriji Godrej was the father of Adi Godrej. he is an Indian based business man who were responsible for the founder of Godrej Group of companies. Jai Godrej is the mother of Adi Godrej, professionally she was a teacher in one the industry of Godrej Group. Adi Godrej married with a beautiful lady name parameswar, they have 3 children.
Adi Godrej was born in a business family. Adi Godrej is Zoroastrian and Chairman of Godrej Group. Adi completed her early school education from The Cathedral & John Connon School. He received his undergraduate degree from HL college and his MBA from the MIT Sloan School of Management. Adi Godrej left India at the age of 17 When He enrolled at the Massachusetts Institute of Technology. Though he planned to study mechanical engineering but he later on switched to management.
After his return to India, Adi Godrej joined the family business. He modernized and systematized management structures and implemented process improvements. Business was owned by his father Burjoriji Godrej.
Early Career :
The group had two companies at that time Godrej Soaps (famous for its Cinthol brand) and Godrej & Boyce (manufacturing furniture, safes and locks, among other products). Always up for a challenge, the young Godrej decided to join Godrej Soaps, a company that was incurring losses at the time. He immediately put his global education to good use by ushering in a slew of process improvements to turn the company around. He managed to do this within a year of joining.
Adi Godrej has played an important role in the development of a variety of industries by leading key organizations of trade and commerce. Adi Godrej took the Godrej Group to great heights during the License raj. He heads the group alongside his brother. The business then started generating a healthy quantum of cash, which was used to fuel further expansion to the extent possible in a closed economy.
Godrej Career As A CEO of Godrej Company :
The subsequent opening up of the Indian economy in 1991 was seen as a threat by several Indian companies due to increased competition from multinational companies (MNCs). But Godrej held a different view. The Godrej Group was always used to competition from MNCs, Godrej says, even before liberalisation. Companies like Unilever and Colgate-Palmolive were active in India even before 1991 and competing with Godrej in categories such as soaps.
Under his stewardship, Godrej Consumer Products has grown into a strong emerging market FMCG player based on a 3X3 approach to international expansion building a presence in 3 emerging markets (Asia, Africa, Latin America) across 3 categories (home care, personal wash, hair care). The new economic scenario allowed the conglomerate to attract foreign partnerships such as the ones with Procter & Gamble [P&G (for soaps)], set up in 1993, and with GE Appliances (for consumer durables like washing machines and refrigerators), set up in 1994.
One of the partnerships that lasted long and reaped rich dividends for the House of Godrej was its joint venture with US-based consumer products company Sara Lee. Godrej Sara Lee, as the joint venture was called, sold products such as insecticides under brands like Good knight and Hit, and the Kiwi brand of shoe polish. It was in 1994 that an insecticide manufacturing company, Transelektra Domestic Products, which sold mosquito repellents under the Good Knight brand and other insect repellents under the Hit brand.
He conducted a swift due diligence of the company and the sector in which it operated, and quickly closed the deal to acquire it for around ₹80 crore. An inflection point in the group’s fortunes came in 2000 when it decided to split the erstwhile Godrej Soaps into two entities its consumer products flagship company, Godrej Consumer Products Ltd (GCPL), and Godrej Industries. Its first international acquisition was UK’s Keyline Brands in 2005.
Since 2010, it has bought as many as 11 companies across countries including India, Indonesia, Argentina, Chile, Kenya, Nigeria and South Africa. In establishing this position of market dominance, especially in the hair colour space, it has taken on the might of well-entrenched global players like L’Oreal. The French company is the leading seller of hair colour around the world (excluding Germany and Japan), except in India and 25 other countries, where GCPL is the leader, Godrej proudly states.
The group’s real estate business was also a logical extension of its vast land holding in Mumbai. They developed around 34 acres of its land holding in Vikhroli for residential and commercial purposes. which includes a 150-acre mangrove forest and a school for the children of company employees. In aerospace and defence, the group is not a final assembler of defence equipment, but a supplier to other defence and aerospace companies.
Apart from this culture of democracy, a focus on conducting business in a ‘good and green’ way is also a major attraction that draws employees and business partners towards the Godrej Group.
Net Worth Of Godrej Group & Adi Godrej :
Adi Godrej net worth is currently $3.9 Billion. He is ranked as the 446th Billionaire in The World and ranks at the 8th position among the wealthiest men of India according to Forbes. & the net worth of Godrej family is $15 Billion Approx.
Godrej is a Successful Entrepreneur Along With a good Philanthropist. under Adi Godrej’s leadership, the group is also involved in philanthropic activities. Godrej is major supporter of the World Wildlife Fund in India. Twenty-five percent of the shares of the Godrej holding company are held in trusts that include the Pirojsha Godrej Foundation, the Soonabai Pirojsha Godrej Foundation and the Godrej Memorial Trust. Through these trusts the Group supports healthcare, education and environmental sustainability initiatives.
Awards & Honor’s :
- In 2002, Rajiv Gandhi Award.
- In 2010, Leadership in Philanthropy Award & Asia Pacific Entrepreneurship Awards Also Best Businessman of the Year
- In 2011, Management Man of the Year Award.
- In 2012,Padma Bhushan & Ernst & Young Entrepreneur of the Year
- In 2013, Asian Entrepreneur of the year.
- In 2004, All India Business Person Of The Year.
Godrej Group Adi Godrej will also be the proud founder of some other Industrial Bodies and associations, and he has president of several Indian Trade.
There must be an opportunity that matches with our strategy. Just because we have a gap, we don’t want to go and acquire anything and everything. What we acquire should fit in with our strategy, human resources and market expectations.
– Adi Godrej