How Godrej family will split its over a century-old business empire | India News - Times of India

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The two branches of the family - Smita Godrej Crishna and Jamshyd Godrej to the left and Adi Godrej and Nadir Godrej to the right - have reached a settlement to divide the locks-to-land development group. The market capitalisation of the listed companies is in excess of Rs 2.4 lakh crore

The

Godrej family

is all set to divide its 127-year-old Rs 59,000-crore ($7 billion)

business empire

, allowing the fourth generation of the clan to assume leadership roles.

The two branches of the family - Godrej Industries Group led by Adi Godrej and his brother Nadir, and Godrej & Boyce involving Jamshyd Godrej and Smita Godrej Crishna - have reached a

settlement

to formally

split

their business verticals as diverse as engineering, appliances, security solutions, agricultural products, real estate and consumer products.