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) |
| Services | |
Number of employees | 16,000[2] |
| Divisions |
|
| Website | Official website |
Godrej Enterprises Group (GEG) is an Indian conglomerate headquartered in Mumbai. It was founded in 1987 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.
