The founding family of the ₹59,000-crore Godrej empire have decided to amicably split with Adi Godrej and his brother Nadir controlling five listed firms, while cousins Jamshyd and Smita Godrej Crishna will lead the unlisted Godrej & Boyce and its affiliates spanning various industries and a huge land bank.

The division of the 127-year-old conglomerate was announced late on Tuesday. A press statement termed it as an 'ownership realignment’ by the family of their shareholding in Godrej companies. It will be implemented after the relevant regulatory approvals have been obtained.

The conglomerate said that the split has been arrived at in a “respectful and mindful way to maintain harmony and to better align ownership in acknowledgement of the differing visions of the Godrej family members’’.

It is expected to help maximise strategic direction, focus, agility, and accelerate the process of creating long-term value for shareholders and all other stakeholders.

The new structure will see the creation of two groups. One group called the Godrej Enterprises Group (GEG) will be controlled by Jamshyd Godrej, chairperson and managing director, Nyrika Holkar (the daughter of Smita), executive director, and their immediate families.

It has a presence across multiple industries spanning aerospace, aviation, defence, engines and motors, energy, security, building materials, construction, green building consulting, EPC services, intralogistics, healthcare equipment, durables, furniture, interior design, architectural fittings, IT, software as well as infrastructure solutions.

The second — Godrej Industries Group (GIG) — will have Nadir Godrej as chairperson and will be controlled by Adi Godrej, Nadir Godrej, and their immediate families. GIG will include the listed companies — Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet and Astec Lifesciences.

A key highlight of the realignment is the emergence of Pirojsha Godrej, 42, the son of Adi Godrej and Holkar as the next-generation leaders. Pirojsha Godrej will be the executive vice-chairperson of GIG and will succeed Nadir Godrej as the chairperson in August 2026.

While both groups will continue to use the Godrej brand name, they have signed a six-year non-compete pact that will restrict them from entering each other’s domain. After the expiry of the non-compete period, they can venture into other’s domain but cannot use the Godrej name.