Godrej Enterprises Focused On Realignment To Unlock Future Value: Jamshyd Godrej

Godrej Enterprises is focused on realignment and restructuring to unlock significant value in the future, said Chairman and Managing Director Jamshyd Godrej, on the sidelines of the company's new logo launch.

The company aims to generate 50% of its revenue from green businesses, prioritising the development of green technologies under the 'Good and Green' program, he said.

“We have a program in our company; Good and Green. We will be looking at products which will have a high concentration of green technologies and green energy. And we want to present it as both good and green.” A key area of focus that Godrej highlighted was regarding the advancement of recyclable and reusable products in its consumer appliances and furniture sectors.

Sighting the company's broader investment strategy, the chairman mentioned the company's substantial investments, including Rs 3,000 crore in the Khalapur plant and Rs 1,000 crore in the process equipment division in Dahej.

These investments are part of a broader strategy to strengthen its presence in key sectors, with a belief that India can emerge as the factory of the world, he said.

The consumer business, with a turnover of Rs 16,000 crore, is expected to grow at 12-15%, driven by the robust economic growth and strong market demand, Godrej said.

During the logo launch, the chairman highlighted the company’s desire to present itself in a new way.

“The logo remains the same as it has for a long time, but the colour changes. The changed colour represents a forward and premiumisation in the company,” he said.

As the billion-dollar business got split, Adi Godrej and his brother Nadir Godrej will hold on to the five listed companies of the Godrej Group focused on consumer goods, real estate, agriculture, chemicals, and gourmet retail.

The cousins, Jamshyd and Smita, bagged the unlisted Godrej & Boyce Mfg. Co. in addition to the vast land bank. Nyrika Holkar and Pirojsha Godrej are the key next-generation leaders of the two businesses.