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Tag: Ardeshir Godrej

  • Godrej – The success story of one of the leading Multinational Conglomerate Companies

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Godrej.

    The conglomerate industries are those that own many smaller firms that operate in different production of goods like medicines, food, apparel, household goods, kitchen appliances, etc. We are all aware that India houses many such conglomerate companies.

    It is quite fascinating to see how these companies operate so many businesses. While they are engaged in such businesses, what exactly is the reason for them to do so? The answer is they want to lower the business risks by decreasing the dependence on just a single product or market for that matter.

    Godrej, the brand we all know, is an Indian multinational conglomerate that was founded in 1897, almost, 125 years ago. The persons behind Godrej’s establishment are Ardeshir Godrej and Pirojsha Burjorji Godrej.

    As a conglomerate company, Godrej is engaged in many businesses like – consumer goods, real estate, furniture, industrial engineering, appliances, security, and agricultural products.

    To know more about the company, Godrej, read on to uncover its startup story, founders, business and revenue model, the challenges faced, investors, competitors, and more.

    Godrej – Company Highlights
    Godrej – About
    Godrej – Founders
    Godrej – Startup Story
    Godrej – Mission and Vision
    Godrej – Name, Logo, and Tagline
    Godrej – Business Model
    Godrej – Revenue Model
    Godrej – Challenges Faced
    Godrej – Mergers, and Acquisition
    Godrej – Advertisements and Social Media Campaigns
    Godrej – Awards and Achievements
    Godrej – Competitors
    Godrej – Future Plans

    Godrej – Company Highlights

    Headquarters Mumbai, India
    Sector Manufacturing
    Type Private
    Founders Ardeshir Godrej and Pirojsha Burjorji Godrej
    Founded 1897
    Revenue INR 5500 Crores (2022)
    Website www.godrej.com

    Godrej – About

    Godrej was established before India got its independence. The company was founded in 1897 by Ardeshir Godrej and Pirojsha Burjorji Godrej. Today, around 1.1 billion people worldwide support Godrej’s businesses in a variety of industries. The company’s geographic influence actually goes beyond Earth because a lot of India’s space projects are currently powered by its engines.

    Godrej has a turnover nearing Rs 70 billion at the end of the fiscal year 2022. The corporation works in a variety of industries, including agriculture, consumer goods, industrial engineering, real estate, appliances, and furniture. Its affiliates and subsidiaries include the private holding firm Godrej & Boyce Mfg. Co. Ltd., Godrej Consumer Products, Godrej Agrovet, and Godrej Properties, as well as Godrej Industries and its subsidiaries.

    For Godrej, the core of everything is its people. They take great satisfaction in cultivating a culture of high performance and agility in the workplace. Additionally, Godrej has a strong commitment to valuing and recognizing diversity among its employees.

    Godrej – Founders

    Godrej was founded by Ardeshir Godrej and Pirojsha Burjorji Godrej in 1897.

    Ardeshir Godrej & Pirojsha Burjorji Godrej - Founders of Godrej
    Ardeshir Godrej & Pirojsha Burjorji Godrej – Founders of Godrej

    Ardeshir Godrej

    The first of Burjorji and Dosibai Gootherajee’s six children, Ardeshir Burjorji Sorabji Godrej was born in 1868. The Gootherajees were a prosperous Parsi-Zoroastrian family from Mumbai, and Burjorji and Sorabji, Ardeshir’s father and grandfather, were real estate brokers. His father changed the family name to Godrej in January 1871. Ardeshir with his brother Pirojsha co-founded the Godrej Brothers Company, which today is known as the Godrej Group. Ardeshir wed Bachu (Bachubai) in 1890, who had just turned 18 years old.

    Pirojsha Burjorji Godrej

    Priojsha Burjorji Godrej is the brother of Ardeshir Burjorji Godrej and a son of Burjorji Godrej. Projsha and his brother Ardeshir established the Godrej Group, an international business. At the age of 24, shortly after receiving his diploma from Mumbai’s Victoria Jubilee Technical Institute, Pirojsha joined the company.  Due to the flu outbreak, Pirojsha’s young wife Soonabai passed away in Mussoorie. He had three sons Sohrab, Burjor, and Naval, and one daughter called Dosa. In the Mumbai suburbs, the industrial township of Pirojshanagar bears his name. The Godrej Group is currently led by Pirojsha’s grandchildren Adi, Nadir, and Jamshyd.

    Godrej – Startup Story

    After being established in 1897, a few years later, Godrej started by introducing Chavi, the first animal-fat-free soap ever produced in the world. In 1922, renowned figures like Annie Besant and Rabindranath Tagore came in support of Godrej’s products.

    In a letter to a rival seeking a favor, Mahatma Gandhi wrote: “I hold my brother Godrej in such high respect that if your endeavor is going to injure him in any way, I regret very much that I cannot grant you my blessings.

    Godrej then launches furniture with almirahs (steel cupboards) after locks and soap in 1923. On the day of Indian Independence in 1952, Cinthol is introduced by Godrej, which makes them by ranking as the second-largest soap manufacturer in India. In 1958, refrigerators are launched by the company.

    In the 1990s, by founding Godrej Properties, the company introduced the Group’s culture of innovation and excellence to the Indian real estate sector. After one year, the company steps into agribusiness by establishing Godrej Agrovet. In 1997, Godrej completes 100 years of its existence as a group.

    With the introduction of Godrej Nature’s Basket, Godrej enter the gourmet retail market in 2005. With over 30 premium outlets, the company is currently India’s top shopping destination for fine goods from around the world. In 2008, India becomes the fifth country to deploy an unmanned mission to the moon with Chandrayaan-1. The company takes pride in the engineering know-how and contributions to the construction of the mission’s launch vehicle and lunar orbiter.

    Around 2010, Godrej strives to create a more ‘green’ and ‘good’ environment for the country. On India’s first Mars mission, Godrej is honored to work with the Indian Space Research Organization. The Polar Satellite Launch Vehicle is powered by Godrej Aerospace engines.

    The National Stock Exchange and the Bombay Stock Exchange both listed Godrej Agrovet Limited in 2017.

    Godrej delivers the 95-meter-tall Continuous Catalytic Regeneration reactor for Nigeria’s Dangote Oil Refinery in 2019, the tallest in the world. It is said to be greater in height than the Qutub Minar.

    Godrej – Mission and Vision

    Godrej’s mission statement says, “Our passion and purpose is to make a difference through our ‘Good & Green’ approach to create a more inclusive and greener India.”

    The vision of Godrej is “Godrej in every home and workplace.“

    Godrej’s Values are:

    • Integrity
    • Trust
    • Care for the Environment
    • To Serve
    • Respect

    Godrej – Name, Logo, and Tagline

    Godrej’s logo is taken from Pirojsha Burjorji Godrej’s signature.

    The tagline of Godrej is, “Brighter Living”

    Initially, the company was started with the name, Godrej Brothers Company, and later on, was changed to Godrej Group.

    Godrej – Business Model

    Godrej is a conglomerate company, whose business model consists of different types of businesses.

    Godrej’s Business Vertical contains the following products and services:

    Aerospace and Defence

    The company has over 200+ Liquid Propulsion Engines for launch vehicles with 600+ thrusters for satellites with an experience of 50+ years of machine-building experience. They are currently working on civil aviation projects with major international companies like Honeywell, GE, Rolls Royce, Boeing, and Safran.

    Appliances

    Godrej has served 36+Countries. They have created energy-efficient, water-saving, and ecologically friendly air conditioners, refrigerators, and washing machines.

    Chemicals

    They have broadened their product line to include specialty goods with added value, and export to more than 80 nations in North and South America, Asia, Europe, Australia, and Africa. Godrej is one of India’s leading oleochemicals players, manufacturing and marketing over 100 key chemicals.

    Financial services

    Godrej offers financial services like loans against property and home loans with Godrej Capital Limited as the holding entity for Godrej Housing Finance (an HFC) and Godrej Finance Limited (an NBFC).

    Food & Agribusiness

    Godrej produces Crude Palm Oil and Palm Kernel Oil through its Oil Palm Business, Animal Feed business, and Food & Beverage brands with products like Real Good Chicken and Yummiez. It also offers a range of beverage mixes such as tea, coffee, whitener, soups, special Indian drinks, a range of tea bags, and cold beverages.

    Furniture, furnishing, and fittings

    Godrej has 34 design mark awards with 85+ certified green products. The group has a brand called Godrej Interio, India’s oldest and largest brand of home and office furniture.

    General Engineering

    Godrej offers products like Godrej Lawkim Motors, Godrej Tooling, Godrej Electricals & Electronics, and Godrej Precision Engineering. The company has over 300+ Gold and Platinum-rated projects.

    Heavy Engineering

    With Godrej Process Equipment, the company has ranked as the world’s top process equipment fabricator.

    Home and Personal Care

    The company is the market leader in India for hair color (with Godrej Expert, Godrej Professional, Nupur, and BBLUNT) and ethnic hair color in Sub-Saharan Africa (with Inecto), as well as one of the top companies in Latin America. Their portfolio includes the legendary Darling brand, among other brands (with Illicit, Issue, and Roby). Along with this, Godrej shares the number two spot in the Indian soap market with Godrej No. 1 and Cinthol and holds the top spot in the air freshener market in both India (with Aer) and Indonesia (with Stella). Along with Ezee, they are also the market leaders for liquid detergents in India and wet tissues in Indonesia (with Mitu). Its home and personal care business is operated under its subsidiary company – Godrej Consumer Products Limited (GCPL).

    Information Technology

    With the www.godrejinfotech.com website, Godrej offers a wide range of IT services with digital and technological solutions, implementation and Global Rollout, Application support & maintenance, Mobile Development, and Training.

    Infrastructure

    Godrej delivers solutions that address a wide range of needs, including Public Health Engineering (PHE), Electrical, Fire Safety, and HVAC (Heating, Ventilation, and Air-conditioning) systems, thanks to its extensive project management experience across residential, commercial, and industrial establishments.

    Intra-logistics

    Offering in India and beyond in South East Asia, Europe, and the Middle East, Godrej serves Intra-logistics services. From pharmaceuticals, chemicals, agrochemicals, food, and beverages to textiles, paper, paints, automotive, railways, and defense, they provide services to a variety of industries.

    Real Estate

    One of the biggest publicly traded real estate companies in the nation, Godrej Properties has a diverse portfolio that includes commercial, residential, and mixed-use developments distributed across India’s major cities. The Godrej Group’s innovation, sustainability, and excellence-focused philosophies are brought to the real estate sector by Godrej Properties. Each of its developments combines a dedication to cutting-edge design and technology with the Group’s history of excellence and trust.

    Power and Energy

    Godrej has commissioned more than 25 substations and 300 km of 400kV transmission lines have been put into service. Over 16 lakh households in 20,000 villages and 56 major areas in India have been electrified as a result of these programs, which have also installed millions of solar panels to produce renewable energy.

    Locks and Security Solutions

    From the classic Navtal lock, Godrej offers have developed into high-end, all-encompassing security systems that today protect millions of homes, workplaces, and the locations of illustrious organizations like the Reserve Bank of India, the Taj Mahal, and other significant national organizations. It has benefited more than 1.5 million customers in 65 countries. The company owns an 80% retail market share in home security.

    Godrej – Revenue Model

    It was reported that Godrej generated nearly Rs 70 billion in revenue in 2022.

    The company’s half of its revenue is in the FMCG business, which comes from its international businesses in three emerging markets – Asia, Africa, and Latin America, across three categories – home care, personal wash, and hair care.

    Godrej Consumer Products generated around Rs 12,366 crores in revenue in 2022.

    Godrej – Challenges Faced

    Godrej Consumer Products Limited (GCPL), faced some challenges after five of its eight operations were acquired in 2021. GCPL has a 51% stake in the African hair care firm Darling Group Holdings.

    The company struggled to keep up with the emerging demands of the consumer market as the company aims to be a global market in consumer goods. The company believes that local manufacturers of consumer goods are searching for fresher markets abroad as domestic rivalry heats up to fill voids or categories currently occupied by international corporations.

    Godrej – Mergers, and Acquisition

    Godrej Consumers Product Limited (GCPL) has purchased overseas firms like Keyline Brands Limited (United Kingdom) in 2005, Rapidol (Pty) Limited (South Africa) in 2006, Godrej Global Mid East FZE (Argencos, Argentina) in 2007, and Cosmética Nacional (Chile), among others.

    Godrej stated in 2015 that it has acquired a 100 percent equity investment in the South African company Frika Hair.

    Godrej Nature’s Basket has acquired EkStop on Feb 17, 2015. They acquired EkStop for $4.8M.

    Godrej Agrovet has invested in and made two acquisitions in total. For the purchases, the corporation has invested about $ 83 million. Godrej Agrovet has invested in several industries, including genomics, livestock technology, and others.

    Godrej – Advertisements and Social Media Campaigns

    With a huge number of followers on its social media pages, Godrej plays like a mastermind when it comes to advertisements and social media campaigns.

    One of India’s top real estate developers, Godrej Properties Ltd. (GPL), announced the beginning of its digital brand campaign, #EverydayJoys- Jahaan Khushiyan Badi Hoti Hai. The advertising highlights GPL’s mission to build communities, families, and homes that enable everyday joys one at a time. The campaign was launched in November 2021.

    Three digital video advertisements were produced by the company to showcase the beauty of typical family moments that we all enjoy at home. They serve to emphasize how a central home is to most of our favorite recollections. These three movies strive to portray the ideal family moments, daily routines, and favorite spots that everyone has at home.

    Godrej – Awards and Achievements

    The list of awards and achievements won by Godrej are:

    • Cinthol ranked 47th overall in the Economic Times – Brand Equity Most Trusted Brands Survey 2016.
    • Infor awarded Godrej Infotech for “Golden Deal of the Year for 2013”
    • Ÿ GCPL was ranked number 12 on the ‘Great Place to Work – Best Workplaces in Asia 2017’ list and among the top 19 Best Employers in India in the ‘Aon Hewitt Best Employers 2017’ survey.
    • Godrej Appliances was awarded the title of Asia’s most promising brand at the Asian Brand and Leadership Summit 2013.
    • Godrej Appliances won Gold in the category – ‘Most Trusted Brand’ at the Reader’s Digest Awards in 2008 for the 3rd consecutive year.

    Godrej – Competitors

    The top competitors of Godrej are:

    Godrej – Future Plans

    Recently, Godrej Properties’ net profit tripled to Rs 45.55 crores in the April-June quarter this month. The company plans to deliver over 10 million sq ft in the coming FY23. According to Godrej, the company anticipates a robust launch pipeline this year, which will include both new projects and new phases of ongoing projects in several cities. In the June quarter, three projects were launched.

    FAQs

    Is Godrej a private company?

    Yes, Godrej is a privately held company.

    Who owns Godrej?

    The company is largely owned by the Godrej family.

    Who is the current CEO of Godrej?

    Sudhir Sitapati is the current CEO and MD of Godrej.

    Is Godrej an MNC?

    Yes. Godrej is a multinational company based out of India.

  • List Of All The Subsidiaries Of The Godrej Group

    Godrej is known to be a pioneer in many products that we use in our daily life. Godrej Group is an Indian Conglomerate company that is owned by the popular Godrej Family. The main founders of Godrej is Ardeshir Godrej and Pirojsha Burjorji Godrej, establishing the company 1897. Godrej has makes products in various sectors such as consumer products, FMCG, industrial engineering, appliances, furniture, security, real estate, agricultural products and more. Godrej is known to have more than 500 million Indian customers with over 10 million turnover in 2020.

    Godrej is one of the oldest brands in India and has loyal customers from more than a hundred years The most popular subsidiaries and acquired companies are Godrej Industries, Godrej Consumer products, Godrej Agrovat, Godrej and Boyce and Godrej Properties. More than 20% of its business is done overseas because it is present in more than 60 countries. The headquarters of Godrej is based in Mumbai, Maharashtra. It has more than 1.1 billion consumers globally. The company trusts have 23% holding of Godrej, are known to invest in the sectors of environment, health and education.

    The Godrej Group has huge footprint that extends beyond the earth because its engines now give power to many of India’s space missions. Godrej is one the most trusted brands in India and is supporter of the World Wide Fund in India and has helped develop an ecofriendly business in the town of Vikhroli in Mumbai. The Godrej Group is broadly divided into two major well-known companies which work independently: Godrej Industries and Godrej & Boyce.

    A Brief History on Godrej Group
    Top 6 subsidiaries of Godrej
    Frequently Asked Questions
    Conclusion

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    A Brief History on Godrej Group

    Godrej was originally established in 1897 by the brothers Ardeshir Godrej and Pirojsha Burjorji Godrej from the well-known Godrej Family line. Ardeshir Godrej was originally a lawyer who went on to give up the profession to practice lock making. The company then becomes big after Godrej introduces the first ever lock with lever technology in India. In 1902, Godrej manufactures the first Indian safe and by 1920 starts its own soap company using only vegetable oil which gives the company all the more boost. By 1955 the company had started producing its own typewriter which at that time became popular.

    The company kept growing for the next twenty years with inclusion of trucks, the Godrej Agrovet limited, etc. Godrej got its first subsidiary the Godrej Properties limited in 1988 and became the first company from India to introduce PUF or polyurethane form. In 1994, the company acquired Transelektra, formed an alliance with Sara Lee USA and renamed Translektra to Sara Lee USA. The Godrej Soaps was renamed as the Godrej Industries Ltd in 2001. In 2013, the company introduced Godrej global solution limited which offered BPO solution.

    The History of Godrej Group

    The company merged its food business with Godrej Tea and renamed it to Godrej Beverages & Foods limited. Godrej also launched FreeG which is the county’s first non-web based mobile browsing experience in 2014. The most recent advancement of the company was in 2020, when it started the Godrej Housing Finance in order to provide affordable home loans. One of the main contribution of Godrej is the refrigerator that the company without any CFC (Chlorofluorocarbon), HFC (Hydro fluorocarbons) and HCFC (Hydro Chlorofluorocarbons).

    The success of the company is because of the mergers, its subsidiaries and acquisitions and recent joint ventures which are cleverly chosen by the company. Another person who has helped the company grow to new heights is Adi Burjorji Godrej. Under his guidance the company emerged as a FMCG market and turned the then ₹10 crore turnover to $5 billion conglomerate. He expanded the company in Zambia, Senegal and Kenya with the acquisitions of their personal care companies.

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    Top 6 subsidiaries of Godrej

    Godrej Industries Limited

    Godrej Industries Limited is a one the biggest and number one manufacturer of various different chemicals that are used in over two dozen companies. The headquarters of Godrej is located in Mumbai, Maharashtra. The company is also known to manufacture edible oils, fatty oils, Glycerin, fatty alcohols, vanaspati and other bakery fats. The company was known as Godrej Soaps until 2001, after which the company split into two big corporate companies called Godrej Consumer Products and Godrej Industries. The company is well equipped to deliver the products which are superior quality at competitive prices.

    Godrej Industries
    Godrej Industries

    Godrej Industries is interested in many sectors such as consumer goods, real estate, agriculture, chemicals and financial services which has been successful because of its subsidiaries and associate companies across 18 countries. Besides that the company also works under four divisions which are Corporate Finance, corporate HR, Corporate Audit and Assurance, Research and development. Godrej industries have two manufacturing plants in Valia (Gujarat) and in Vikroli, (Mumbai). Its international quality products are exported to more than 40 countries in North and South America, Asia, Europe, Australia and Africa.

    The companies further has its own subsidiaries which are:

    • Godrej Agrovet
    • Godrej Oil Palm Limited
    • Godrej International Limited
    • Godrej Realty Private LTD
    • Godrej Investment Pvt. Ltd
    • Godrej Remote Services Limited

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    Godrej Agrovet Limited

    The company is a sector that is dedicated for animal feed, agriculture and agribusiness. Agrovet is the market leader when it comes to poultry, processing, and animal feed and oil palm plantations. The company is also the largest oil palm developers in the country. It has oil plantation is states like Telangana, Andhra Pradesh, Karnataka, Tamilnadu, Goa, Maharashtra, Orissa and Mizoram.  It had four automated plants in cities like Bengaluru, Kharagpur, Baramati and Erode in order to reach the demand of the ever growing market of animal feed. The company is also well known for animal feed and poultry in Bangladesh.

    The company also has a history of joint ventures with companies like Tyson foods from America, through which it manufactured and marketed packed and processed poultry and other vegetarian products. One of the most well-known brands of this is the Yummiez and Good Chicken. It also is a key player in the Agri inputs business as it has come up with new agro chemicals and has a strong market share amongst the plant growth promoters and soil conditioners. Godrej Agrovet has over 300 employees with a network of 10,000 rural distributors in various industries.

    All about the Godrej & Boyce company

    Godrej and Boyce

    Godrej and Boyce is a flagship company of the Godrej group company that manufactures products like locks, refrigerators, washing machine, air conditioners, home security system, furniture and safes and products for institutions like furniture for offices, audio visual products, security products, beverage vending machine, etc. and industrial products like process equipment, industrial storage products, and precision equipment. The company is headquarters Pirojshanagar, at Vikhroli in Mumbai. G&B has so far filed for over 209 patents and has been granted 77.

    The turnover of Godrej and Boyce is Rs 11,000 crore in 2020, its employees are more than 14,000. The G&B is present in over 10 different industries like complex engineering solutions to consumer goods like appliances, furniture and security solutions. The products of Godrej and Boyce are also sold in countries like Europe, US, Middle East, Africa and South East Asia. Over 616 million Indian are known to use the company’s products. The G&B have been constantly innovating from the past 123 years and have managed to provide us with new products, solutions, fulfilling aspirations of their customers and helped them lead a secured life.

    The main subsidiaries and acquisitions of the company are:

    • Godrej Infotech
    • Godrej Interio
    • Godrej Efacec Automation and Robotics Ltd
    • Godrej Presicion engineering
    • Godrej Security solutions
    • Godrej Storage Solutions

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    Godrej Infotech Limited

    Godrej Infotech Limited, a subsidiary of Godrej and Boyce which is one of the main subsidiaries of the Godrej Group. This company had already started in 1897 and was initially the High tech engineering department under the consumer products and then became thee IT sector of Godrej and Boyce. Godrej Infotech is mostly known for its software services and consulting and became a separate company only after April 1999. The company headquarters is located in Mumbai, Maharashtra.

    Godrej has a 15 year partnership with Infor Partner Network, in order to sell wider range of products in countries like UAE, Saudi Arabia, Oman, Qatar and Bahrain. It so far has received many certification for Analysis, Design, Coding, Testing, Delivery and maintenance of commercial application software, ERP consultancy and facilities management services. They also provide its employees with constant training to help develop their skills and to get professional excellence.

    Godrej InfoTech is known to have a dedicated team that is experts in providing business and tech solutions for the projects, real estate, construction, oil and gas. The company has so far worked with over 200 industry customers and has manufactured chemicals, automotive, machine equipment, metal fabrication, heavy engineering, printing and publishing, Food and beverage and textiles. The company also provides various services from Business process, consulting, infrastructure management, implementation and global rollout, application support and maintenance, mobile development and training.

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    Godrej Consumer Products

    Godrej Consumer Products is one the most leading company that manufactures consumers and personal care products. The company’s total sales is Rs. 10,314 Crore while the market capitalization id Rs. 72,080 Crore. The company is headquartered in Mumbai Maharashtra. Godrej Consumer Products include soaps, hair colourants, toiletries, Air freshener and liquid detergent. The company owns popular brands such as Cinthol, Godrej no 1, Godrej Shikakai, Godrej hair dye, Renew, Ezee, etc. IT has manufacturing firm across India like Malanpur (Madhya Pradesh), Guwahati (Assam), Baddi (Himachal Pradesh), Pondicherry, Chennai and even in Sikkim.

    Few of its international acquisitions include Keyline Brands limited from UK in 2005, Rapidol Limited in 2006, Godrej Global Middle East in 2007, Argencos in Argentina, Cosmetica Nacional from Chile and Frika hair from South Africa in 2015. The company was ranked 6th in the Best Employers Study conducted by Hewitt Associate and Economic Times, it also considered to be the 9th greatest place to work according to Great Places To Work survey. The company became even bigger in 2010, with its acquisition of Sara Lee Corp. Godrej Sara Lee is now open of the leading household insecticide player in India with brands like Good Knight and Hit.

    The consumer goods by Godrej consumer products
    The consumer goods by Godrej Consumer Products

    Godrej Properties Limited

    Godrej Properties is the real estate sector of the Godrej Group. The company’s headquarters is based in Mumbai, Maharashtra. The company was established in 1990 under Adi Godrej. Godrej properties is currently working on upcoming projects on over 89.7 Million square feet of land. The company is so big that it is also listed on the Bombay Stock Exchange (BSE) and the National stock exchange (NSE). It currently operates in cities like Chandigarh, Bangalore, Chennai, Mangalore, Kochi, Ahmedabad, Nagpur, Mumbai, Kolkata and Pune.

    The company has so far brought over many innovations, sustainability and excellence to the real estate industry. The total sales of the company is Rs. 2,817 crore, while its market capitalization is up to Rs. 32,259 crore. Until now, the company was awarded with  over 250 awards and recognition such as The Most Trusted Real Estate Brand in 2019, The Real Estate Company Of The Year in 2019 as well and The Economic Times Best Real Estate Brand of 2018. The company has a 123 year long legacy of providing its customers with cutting edge design and technology.

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    Frequently Asked Questions

    What are the top 6 subsidiaries of Godrej Group?

    • Godrej Properties Limited
    • Godrej Agrovet Limited
    • Godrej Infotech Limited
    • Godrej Consumer Products
    • Godrej and Boyce
    • Godrej Industries Limited

    Where is the headquarter of the Godrej Group?

    The headquarter of the Godrej Group is in Mumbai, Maharashtra.

    What are the subsidiaries of Godrej Industries?

    • Godrej Agrovet
    • Godrej Oil Palm Limited
    • Godrej International Limited
    • Godrej Realty Private LTD
    • Godrej Investment Pvt. Ltd

    What are the two other subsidiaries of Godrej and Boyce?

    They are Godrej Aerospace and Godrej Precision Engineering.

    How many customers does Godrej Group have?

    Godrej is known to have more than 500 million Indian customers with over 10 million turnover in 2020.

    Conclusion

    Godrej Group is an India conglomerate that offers various products in countless categories. With a revenue of more than 4.1 million US dollars, the company is growing at a fast pace. In India, Godrej is one of the oldest and the most trusted brand because of the quality of products is offers. Over past 120+ years Godrej has expanded to over 60 countries and ensures that their customers buy their products wherever they go. The company has over 500 million and is continuing to expand the horizon internationally. The success of the company is because of strategic acquisitions and subsidiaries that the company has accumulated over the years.

  • Greatest Indian Entrepreneurs of All Time you may not know about

    Entrepreneurs around the world are an example of how well the economy is, how liberating the society is and how all the commerce and trade activities uplift an innovative individual. India being the largest democracy in the world has done a lot for the betterment of entrepreneurs and businessmen present here. The impact of globalization has led to a tremendous rate of growth in all the sectors of the economy. In this article, we will take a look at some of the most successful entrepreneurs in India. Who not only set a benchmark for other aspiring individuals but also motivate and inspire them to do more.

    Dhirubhai Ambani

    1932 – 2002

    Company – Reliance Industries

    The story of Dhirubhai Ambani’s life is quite the “rugs-to-riches” one. He was born in a Gujarati family and founded the Reliance Commercial Corporation with the amount of Rs. 15,000 only.

    He first started his textile mill and then later diversified into petrochemical and sectors like Telecommunication, IT, Energy, Power, Textile, Retail, Logistics and Capital Market. He was one of the most successful and wealthiest businessman in the world. He always made it to the Forbes billionaires list and was worth $6 billion upon his death on July 6th 2002.

    Reliance is one the most profitable companies in India, it was the first Indian company to feature in Forbes 500 list and the 2nd largest publicly traded company in India by market capitalization – which is all his creation. The company ranked 148th on the Fortune Global 500 list of the World’s Biggest Corporations 2018 with a revenue of $62.3 billion. It contributes for approximately 25% of India’s total exports.

    Dhirubhai Ambani was named the Indian Entrepreneur of the 20th Century by FICCI (Federation of Indian Chambers of Commerce and Industry). Reliance Industries has a current net income of over $5.7 billion and assets amounting to a whopping $140 billion.

    Dhirubhai Ambani won Padma Vibhushan award in 2016.

    Jehangir Ratanji Dadabhoy Tata (1904 – 1993)

    JRD Tata
    JRD Tata

    Popularly known as JRD Tata, was a French born Indian aviator and chairman of Tata Group – his family business. He made Tata Group one of the most valuable and prestigious industrial groups in India, he had a vision ahead of his times. He began his career as an unpaid apprentice in Tata & Sons and with years rose to the position of becoming a Chairman to the company. He became the first person to obtain the first ever issued pilot license in India and later on went to establish India’s first commercial airline – Tata Airlines (later it became Air India). Over the years of his business life, he expanded the Tata Empire – Tata Telecommunications, Tata Tea, Titan Industries, Voltas, Tata Motors, and many more.

    In 1992, JRD Tata was honored with the United Nations Population Award for his incessant endeavors towards initiating and prosperously implementing the Family Planning Movement in our country India. The Tata industries currently employ about more than 702,000 people and generates the revenue of $110.7 billion.

    Jehangir Ratanji Dadabhoy Tata won Bharat Ratna in 1992, Padma Vibhushan in 1957.

    Also Read : List of 23 Startups Funded by Ratan Tata

    Kailash Chandra Mahindra (1894 – 1963)

    Kailash Chandra Mahindra
    Kailash Chandra Mahindra

    K.C. Mahindra was born in 1894 in Punjab. He was the second of nine children. At Cambridge, he earned Honours, played hockey, and took a keen interest in rowing.

    After graduating, he joined Messrs Martin & Company, where he edited the monthly magazine INDIA and, briefly, the Hindustan Review. In the 1940s, he went into the energy business and helped develop the nation’s coal policy by implementing the latest methods of coal mining.

    In 1946, he moved to Bombay to found Mahindra & Mohammed, which became an industrial powerhouse for many sectors of the economy. One of the founders was his elder brother Jagdish Chandra Mahindra and the other one was his close friend Ghulam Mohammad. But after India’s partition, Ghulam Muhammad went to Pakistan and the company was renamed as Mahindra and Mahindra.

    He was also director of RBI, Air India, Hindustan Steel, and Chairman of the Indian Aluminium Company. If J.C Mahindra was the dreamer then K.C Mahindra was the implementer. K.C Mahindra was known for his micro-approach to everything and was a great executor.

    Also Read: 6 LGBTQ+ Entrepreneurs In The World

    Govindram Seksaria (1888 – 1946)

    Govindram Seksaria
    Govindram Seksaria

    Govindram Seksaria was born on October 19, 1888 in Nawalgarh in present-day Rajasthan. Govindram Seksaria was a famous Indian businessman of the Seksaria family. He is famously known as the Cotton King of India. He was among the most successful businessmen of pre-independence India.

    When he moved from Nawalgarh to Mumbai (then Bombay) in the early 1900s, India was under the British Raj at the time, and every major industry was either owned or managed by foreign firms that had the full support of the government. For Indian firms and businessmen, survival and growth was difficult and risky under a government that was both unsupportive and unencouraging. It was in such a hostile environment that Govindram Seksaria started his career as an operator on the Bombay Cotton Exchange. Within a few years, the Cotton Contract Board accepted his membership. Later, he became one of the original members of the East India Cotton Association, going on to become a very famous name in the cotton market.

    After his success in the cotton market, Govindram diversified and began trading in bullion and other commodities. Under Govindram Brothers Pvt. Ltd., he started a vegetable oil business and soon diversified into sugar, textile, minerals, banking, printing and motion pictures. He also entered into real estate by establishing Estate Investment Co. Ltd. to manage his vast real estate holdings. In banking he founded the Bank of Rajasthan. He also helped in Indian motion picture development through his close association with the Bombay Talkies studio. Seksaria was also a principal donor in the establishment of Bombay Hospital.

    Considering the hostile environment for Indians at the time of British Raj; Govindram is nothing short of a pearl in the ocean.

    Also Read : Must Read Startup Books for Entrepreneurs

    Bhai Mohan Singh (1917 – 2006)

    Bhai Mohan Singh
    Bhai Mohan Singh

    Bhai Mohan Singh was born at Rawalpindi on the 30th of December in the year 1917. Bhai Mohan Singh is a pioneering figure in India’s pharmaceutical industry.

    Bhai Mohan Singh began his business career during the Second World War with a construction business. After the partition of India and Pakistan he settled down in New Delhi. After independence, Singh entered into the money lending business. Ranbaxy was started by his cousins, Ranjit Singh and Gurbax Singh.  Bhai Mohan Singh gave loan to the company and bought it when Ranbaxy failed to repay loan. Once Singh took over, he partnered with an Italian pharmaceutical company Lapetit Spa, which he later purchased.

    In the 1960s, Singh launched an Indian version of valium called Calmpose and went on to release a series of blockbuster drugs. In early 1970s, he established an R&D facility at Mohali. In 1999, Singh was replaced by his eldest son in a boardroom coup. He along with another son, Analjeet laid the foundation of a new company Max. Singh died in 2006.

    Bhai Mohan Singh won the Padma Shri for his civic contributions.

    Also Read : Top Pharmaceutical Companies in India [Exhaustive List]

    Ghanshyam Das Birla (1894 – 1983)

    Ghanshyam Das Birla
    Ghanshyam Das Birla

    Ghanshyam Das Birla was born on 10 April 1894 at Pilani village in Jhunjhunu district. Ghanshyam Das Birla, also known as GD Birla, was one of the most prominent Indian businessmen from his decade which was during the time of India’s struggle to Independence from British Empire. He was a very close associate of Mahatma Gandhi and used to advise him on economic matters. He laid the foundations of the Birla Empire and was also the founder of the Federation of Indian Chamber of Commerce and Industry (FICCI).

    He started a Birla Jute Mills in Calcutta and got success during World War I, which was impossible for an Indian businessman to achieve in those harsh times. In 1919, his business also included significant paper and sugar production. He expanded his empire into manufacturing, tea business, banking, chemical, cement, and more. It was the reason behind the huge success of Birla Empire.

    Along with his business activities, G.D. Birla is remembered for founding several educational institutions including the Birla Institute of Technology and Sciences (BITS), Pilani, which ranks in the forefront of engineering institutions in the country.

    Birla won the Padma Vibhushan in 1957 by the Government of India.

    Also Read : Successful Indian Entrepreneurs [2019 List]

    Jamsetji Tata (1839 – 1904)

    Jamsetji Tata
    Jamsetji Tata

    Jamsetji Tata is the founder of the Tata Group, India’s largest conglomerate which employs more than four lakh people and enjoys the revenue of over $83 billion. Tata is regarded as the legendary “Father of Indian Industry”.

    Tata, who in his early life was a merchant, went on to change the business world of India through his many ventures within the cotton and pig iron industry, and is known as one of the most important builders of the modern Indian economy. Out of his many achievement, Tata is notable for the Tata Iron and Steel Works company in Jamshedpur.

    He is the founder of the Taj Mahal hotel, near the Gateway of India close to the Mumbai shoreline. According to legend, he wanted to build a world-class hotel because he was denied entry to a luxury hotel when he was visiting another country. Now, the Taj Mahal hotel is one of the most renowned in the world.

    Also Read : Successful Women Entrepreneurs in India

    Verghese Kurien (1921 – 2012)

    Dr. Verghese Kurien
    Dr. Verghese Kurien

    Dr. Verghese Kurien was born on November 26, 1921 to an affluent Syrian Christian family in Calicut (now Kozhikode), Kerala. Verghese Kurien used his entrepreneurial skills to enrich not only himself but also all of India. The “Father of the White Revolution,” Kurien planned and implemented Operation Flood, the world’s largest agricultural development program, which turned India into the world’s largest milk producer. He helped make dairy farming a self-sufficient and sustaining industry. Dr. Kurien always regarded himself as an employee of the farmers who would do anything to bring prosperity in their favor.

    Kurien is also the founder of the Amul brand of dairy products, which invented milk powder processed from buffalo milk rather than cow milk. One of the world’s strongest proponents of cooperative movements, his work has lifted millions of Indians out of poverty. Under his inspiring leadership many important institutions were established namely the GCMMF (Gujarat Cooperative Milk Marketing Federation Ltd) and NDDB (National Dairy Development board which played a significant role in shaping the Dairy Cooperative movement across the country and led the replication of Anand model of cooperative dairy practiced all over the country.

    His birth anniversary is now celebrated as National Milk Day in respect of his great achievements. Verghese Kurien won Padma Shri (1965), Padma Bhushan (1966), Krishi Ratna Award (1986), World Food prize (1989), Padma Vibhushan (1999).

    Read Also: Top 10 Youngest Entrepreneurs of India

    Walchand Hirachand Doshi (1882 – 1953)

    Walchand Hirachand
    Walchand Hirachand

    Walchand Hirachand didn’t belong to a wealthy family. His father was a small-time money lender but he had set his ambition on something bigger. He dreamt big and made that happen.

    Simple living and big thinking were Walchand’s foremost traits.

    Indian industrialist and the founder of the Walchand group, he established India’s first modern shipyard, first aircraft factory and first car factory; he also established construction companies, sugarcane plantations, sugar factories, confectioneries, engineering companies and many other businesses.

    The original firm found it difficult to get large projects because of its small size so he decided it to merge with the Tata group. Walchand directed and oversaw some of the biggest construction projects of the pre-independence era. The construction company he founded was later named Premier Construction, with a major stake owned by Tata.

    In his later years, he went on to start a shipping company, the Scindia Steam Navigation Company which went on to grab 21% of the Indian coastal traffic. He then went on to found the first Indian aircraft company, the Hindustan Aircraft, first modern shipyard, known as Hindustan Shipyard Limited, and finally, the first car manufacturing plant, Premier Automobiles.

    Walchand along with Annie Besant and M. R. Jayakar together were the first sponsors of pioneering national news agency, the Free Press of India founded in 1927.

    Also Read: Inspiring Quotes of Indian Entrepreneurs [Exhaustive List]

    Ardeshir Godrej (1868 – 1936)

    Aedeshir Burjorji Sorabji Godrej
    Aedeshir Burjorji Sorabji Godrej

    Aedeshir Burjorji Sorabji Godrej was an Indian businessman and co-founder of the Godrej Group. The Gootherajee’s were a wealthy Parsi-Zoroastrian family of Bombay (now Mumbai), and Ardeshir’s father Burjorji and grandfather Sorabji dealt in real estate. In January 1871, his father had the family name changed to Godrej. He laid the foundation of a billion dollar empire that was made in India in the colonial times.

    With 3,000 Rupees ($1500 US in 1895) from Cama, Ardeshir began manufacturing scalpels, forceps, pincers, scissors and the other implements of a surgeon’s trade. Then, he started his lock-making venture in 1897 and then expanded to vegetable based soaps and then went on to become one of the most valuable companies in India. His efforts towards the process improvement led the progress and growth of the Godrej Group.

    The Godrej Family now controls the $4.5 billion revenue generating group which is a 121 year old consumer goods giant.

    Also Read : The Top 50 Richest Indians in 2019

    Some entrepreneurs on the above list are especially inspiring because they managed to make their fortune during British rule when the environment was not so friendly for Indian business. The ones who succeeded in that environment went the extra mile to succeed. This list will give you a broad outline of the amazing journey of some of these tycoons.