Godrej Enterprises Group (Including Godrej & Boyce and its affiliates) is an Indian conglomerate headquartered in Mumbai. G&B was founded in 1897 by Ardeshir Godrej and Pirojsha Burjorji Godrej. The company is known for developing one of the earliest springless locks and manufacturing refrigerators in India.[3]
In 2024, the Godrej family restructured its businesses, forming two independent entities: Godrej Enterprises Group and Godrej Industries Group. Jamshyd Godrej serves as the Chairperson and Managing Director of GEG, while Nyrika Holkar is the Executive Director.[4][5][6]
GEG operates in over 60 countries across five continents and has business interests in aerospace, defense, energy, security, and consumer durables through its flagship company, Godrej & Boyce, and its affiliates.[4] In 2024, the company introduced a new identity with a purple logo while retaining its cursive signature design.[5]
History
Godrej & Boyce (G&B), the flagship company of Godrej Enterprises Group, was founded in 1897 by Ardeshir Godrej and his brother Pirojsha Burjorji Godrej, who managed the company’s manufacturing operations.[7] Established during the Swadeshi movement, the company grew as part of India's early industrialization efforts.[8]
In its early years, Godrej & Boyce developed an early version of the springless lock and India’s first fire- and burglar-resistant safe.[3] Over time, it expanded into various industries, including aerospace, where it has collaborated with the Indian Space Research Organisation (ISRO) for over three decades.[4][8]
Under the leadership of Pirojsha’s son, Naval Godrej, the company expanded further with the development of Pirojshanagar, an industrial township in Vikhroli, Mumbai, which now serves as its headquarters.[9][8]
Restructuring and formation of GEG
In April 2024, the Godrej family announced the restructuring of the Godrej Group into two separate entities: Godrej Enterprises Group (GEG) and Godrej Industries Group (GIG). Jamshyd Godrej became the Chairperson and Managing Director of GEG, while Nyrika Holkar was appointed Executive Director.[10] GEG oversees Godrej & Boyce and its various business verticals.[4]
Business operations
Godrej Enterprises Group operates through its flagship company, Godrej & Boyce, along with its affiliated businesses. The group operates in various industries, including aerospace and aviation, defense, energy, security solutions, construction, furniture, and information technology.[9][4]
Appliances: Godrej entered the home appliances sector in 1958 with the production of refrigerators. Its product range later expanded to include air conditioners, washing machines, and kitchen appliances.[8]
Locks & Security Solutions: The group's operations in security solutions began in 1897 with the manufacturing of locks. It later expanded into residential and commercial security systems.[8]
Real Estate: The company is engaged in real estate development and leasing.
Aerospace: Established in 1985, Godrej Aerospace manufactures components for India's space and defense programs.[8] The company has supplied high-precision parts for missions such as Mangalyaan and Chandrayaan to the Indian Space Research Organisation (ISRO). It also develops components for the defense and aviation industries.[4]
Furniture: Godrej began manufacturing furniture in 1923 with the introduction of the Godrej Storewel cupboard. In 2006, Godrej Interio was established as a dedicated furniture division, providing furniture for residential and commercial use in India.[8]
Vending: The group produces automated vending machines for beverages and food, catering to workplaces and public spaces.
Information Technology: Godrej Infotech, a subsidiary of Godrej & Boyce, provides IT services, including business process consulting, infrastructure management, and application development. It primarily serves industries such as manufacturing, retail, and distribution.[11]
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