Godrej

The Godrej Group is a global conglomerate. Its headquarters are in Mumbai, Maharashtra, India. It has a strong presence in consumer goods, real estate, appliances, and other sectors. Founded in 1897, by Ardeshir Godrej and Pirojsha Burjorji Godrej, it is largely owned and managed by the Godrej Family.

Organization Structure:

Product Portfolio:

Products and Services for Businesses are:

Aerospace, Agriculture, Appliances, Audio Visual Solution, Chemicals, Construction, Electricals, Electronics, Furniture, Green Building Consultancy Services, Properties, Material Handling, Locks, Motors, Precision Engineering, Security Solutions, Process Equipment, Vending, Tooling, Godrej Consoveyo, Storage Solution, Infotech

Products and Services for Customers are:

Appliances, Food and Grocery, Furniture, Locks, Home and Personal Care, Security

Subsidiaries:

Companies:

1. Godrej Consumer Products Limited
2. Godrej & Boyce
3. Godrej Industries Limited
4. Godrej Infotech
5. Godrej Agrovet
6. Godrej Nature's Basket

Key People:

• Adi Godrej- Chairman, Godrej Group: Adi Godrej is the Chairman of The Godrej Group, a 100-year-old family conglomerate, with operations spread across India and several other countries. He was also the Past Chairman of the Board of the Indian School of Business, and the Past President of the Confederation of Indian Industry. He has been honored with several prestigious awards including the Lifetime Achievement Award at the Forbes India Leadership Awards 2017.
• Jamshyd Godrej- Chairman, Godrej, and Boyce: Jamshyd N. Godrej holds the post of Chairman of the Board of Godrej & Boyce Manufacturing Company Limited. He is a Mechanical Engineering graduate from Illinois Institute of Technology, USA. He is the former Chairman of the Ananta Aspen Centre Chairman & Trustee of the Ananta Centre. He holds the post of President of World Wide Fund for Nature – India and The President of India conferred him with the “Padma Bhushan” award on 3rd April 2003.
• Nadir Godrej- Chairman, Godrej Agrovet: Nadir Godrej holds the post of the Managing Director of Godrej Industries and Chairman of Godrej Agrovet. He is also the Director of numerous firms including Godrej & Boyce Co Limited, Godrej Consumer Products Limited, Indian Hotels Company Limited, and Mahindra & Mahindra Limited.

Mergers and Acquisitions:

• In 1994, Godrej acquired the major shareholding of TDPL and Transelektra.
• In 1995, Godrej entered into a joint venture and technical assistance agreement with Siat S.A.
• In 1998, Godrej entered into a joint venture with Procter & Gamble (P&G), keeping in mind the marketing skills of the multinational and Godrej's manufacturing and distribution prowess.
• In 2001, Godrej Agrovet entered into a joint venture agreement with Hindustan Unilever Ltd. to acquire 74% in Goldmohur Goods & Feeds Limited.
• In 2013, Godrej Industries merged Swadeshi Detergents with itself while in 2016, it acquired 51% stake in Indian Circus.
• Godrej Agrovet Limited acquired a 2.87% additional equity stake in 2017. The company has increased its stake in Godrej Agrovet Ltd from 60.81% to 63.68%." GAL is in various agri-businesses like animal feed, oil palm plantations, Agri inputs, dairy, and processed poultry.

News and Facts:

• In order to send local and global satellites into space, Godrej & Boyce joined an industry consortium being formed by the Indian Space Research Organisation (ISRO), in September 2017, to build workhorse rocket Polar Satellite Launch Vehicles (PSLVs). The year 2020 has been set as the deadline for the first privately built rocket to be launched into space by the space agency.
• Maulik Jasubha awarded the prestigious CHEMTECH Leadership & Excellence Award 2017 – Hall of Fame to Nadir Godrej, the Managing Director of Godrej Industries. This prestigious award recognizes the individuals who brave odds, dare to tread new paths, and applauds the pioneering efforts of those who have not only propelled the growth of their own organizations but also paved the pathway for the progress of a wide spectrum of the downstream chemicals industry and allied industries sector.
• Adi Godrej, Chairman, Godrej Group has conferred the 'Golden Peacock Lifetime Achievement Award for Ethical Leadership’. He received this award for being an outstanding Indian pioneer in the world of business and beyond. The award was presented to Godrej at Bombay Stock Exchange(2017) and recognized his exemplary leadership which has contributed immensely to the growth and development of the industrial sectors in India and globally.

Corporate Social Responsibility:

Giving back to communities is important to Godrej Group. Approximately 23% of the promoter holding in the Godrej Group is held in trusts that invest in the environment, health and education.

1. Good & Green CSR Policy- Godrej Good & Green is their commitment towards building a more inclusive and greener India. By the year 2020, they aspire to create a more employable Indian workforce, to build a greener India, and to innovate for 'good' and 'green' products. At their manufacturing plants, they have a relentless focus on productivity and environmental sustainability. To strengthen the approach they use, they have invested in a robust technology solution that has revolutionized the speed and accuracy of their data monitoring.
2. Ensuring Employability- The company works in collaboration with the government, NGOs and social institutions to design and run a number of employability training programs in vocational skills that are relevant to their businesses. Some of these include beauty care and hair care, sales, technical training, and rural entrepreneurship. The focus of these programs is to improve the earning potential of their graduates, through skill-building and empowerment. They also help facilitate self-employment or job placements. They have designed our programs for sustainability and scale, and place great importance on the impact they create. Their technological infrastructure tracks their progress, performance, impact, and helps them drive costs down over time.
3. Product Innovation- Innovation in its product pipeline involves developing 'good' and/or 'green' products. A 'good' product caters to customers at the bottom of the pyramid. It addresses at least one of the eight social issues outlined in the UN Millennium Development Goals, which range from eradicating extreme poverty to combating HIV/AIDS and other diseases and ensuring environmental sustainability. A 'green' product is environmentally sustainable. It consumes fewer resources, emits fewer Greenhouse Gases and includes recyclable, renewable, and/or natural materials. Click on the link to know more about Good & Green- (http://www.godrejgoodandgreen.com/)

• Trust: They hold themselves to the highest standards of personal and business integrity. Their words are stronger than any contracts. They put people and the planet alongside their profits.
• Be Bold: They have bold ambitions. They outperform expectations. They adapt. They are agile and resilient. They continuously innovate. They champion new ideas. They take risks.
• Create Delight: They place their consumers at the heart of all they do. They obsess over the current and future needs of the consumers. And then deliver. They offer consumers amazing quality products at a great value.
• Own it: They are 100/0. Take 100% accountability with zero excuses. They speak their minds. They challenge the status quo. They focus on details but never forget the bigger picture.
• Be Humble: They own up to and learn from their mistakes. They ask for feedback and then grow with it. They give credit wherever due.
• Show Respect: They treat people like they want to be treated, embrace change, and celebrate diversity.