The founding family of the 127-year-old Godrej Group, which includes soaps, home appliances, and real estate, has agreed to split the conglomerate, with Adi Godrej and his brother Nadir keeping Godrej Industries,

The Godrej Group, a 127-year-old Indian conglomerate, has announced a division of the company among family members to enhance strategic direction and create long-term value. Godrej Enterprises Group (GEG) and Godrej Industries Group (GIG) will be managed by different family members,

The Godrej family confirmed the rumours about their possible split on May 1, 2024, after they shared an official statement revealing the reason behind their split.

India’s Godrej family, which controls businesses spanning consumer goods, financial services and real estate, has announced it will split the 125-year-old conglomerate to “maintain harmony and better align ownership.

India's Godrej family has decided to restructure its shareholding in the conglomerate to operate as two entities, Godrej Enterprises and Godrej Industries, according to a filing late on Tuesday.

Shares of Godrej Group companies were gaining after the 127-year-old group announced an amicable family settlement, dividing its operations into two factions and facilitating the transition to the next generation of leaders within the family.

Adi Godrej and Nadir Godrej will control the listed companies under Godrej Industries Group; while Jamshyd Godrej and Nyrika Holkar will control Godrej Enterprises comprising Godrej & Boyce and its af