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The Godrej Group was founded by Ardeshir and Pirojsha Godrej
in 1897.
Background
Godrej Group is one of the largest conglomerates based in Mumbai, India, involved in various industries that
include appliances, precision equipment, machine tools, furniture,
healthcare, interior solutions, office equipment, food-processing,
security, materials handling and industrial storage solutions,
construction and information technology. Its products include
security Systems and Safes, Typewriters and Word processors, Rocket
Launchers, Refrigerators and Furniture, Outsourcing Services,
Machine Tools and Process Equipment, Cosmetics and Detergents,
Engineering Workstations, Medical Diagnostics and Aerospace
Equipment, Edible Oils and Chemical, Mosquito Repellents, Car
perfumes, Chicken and Agri-products, Material Handling Equipments
Like FORKLIFT Trucks, Stackers, Tyre handlers, Sweeping machines,
access equipments etc. The Group is headed by Mr. Adi Godrej &
Mr. Jamshyd Godrej.
Traditionally, Vikhroli, a suburb to the Northeast of Mumbai has been Godrej's
manufacturing base, but increasingly the group have moved
significant production facilities away from Mumbai. The Godrej group also owns vast land in
Vikhroli, occupying 3500 acres (14 sq km) of land on both sides of
the Vikhroli section of the LBS marg. That makes the Godrej group
the biggest private land owner in Mumbai by far. Such vast land
can, in theory, be used to create at least 1500 acres of
residential floor space, which, at very modest rates (Rs.10000/sq
ft), can be sold for USD 16 billion . Thus, the Godrej group is
sitting on an invisible cashpile that is envy of other Indian
conglomerates.
Timeline[1]
- 1897 - Godrej & Boyce Mfg. Co. Ltd established
- 1918 - Godrej Soaps Limited incorporated
- 1961- Godrej Started Manufacturing Forklift Trucks in
India
- 1971- Godrej Agrovet Limited began as an Animal Feeds division
of Godrej Soaps
- 1974 - Veg oils division in Wadala, Mumbai acquired
- 1990 - Godrej Properties Limited, another subsidiary,
established
- 1991 - Foods business started
- 1991 - Godrej Agrovet Limited incorporated
- 1994 - Transelektra Domestic Products acquired
- 1995 - Transelektra forged a strategic alliance with Sara Lee
USA
- 1999 - Transelektra renamed Godrej Sara Lee Limited
- 2001 - Godrej Consumer Products was formed as a result of the
demerger of Godrej Soaps Limited. Godrej Soaps renamed Godrej
Industries Limited
- 2002 - Godrej Tea Limited set up
- 2003 - Entered the BPO solutions and services space with Godrej
Global Solutions Limited
- 2004 - Godrej HiCare Limited set up to provide a Safe Healthy
Environment to customers by providing professional pest management
services
- 2006 - Foods business was merged with Godrej Tea and Godrej Tea
renamed Godrej Beverages & Foods Limited
- 2007 - Godrej Beverages & Foods Limited formed a JV with
The Hershey Company of North America and the company was renamed
Godrej Hershey Foods & Beverages Limited
- 2008 - Godrej relaunched itself with new colourful logo and a
fresh identity music
Social
responsibility
Godrej has a philanthropic arm that has built schools,
dispensaries and a residential complex for their employees. Trusts
established by Godrej continue to invest in education, healthcare
and upliftment of the underprivileged.
Corporate
details
Adi Godrej is the
current Chairman of the Godrej Group. Godrej & Boyce Mfg. Co.
Ltd. is headed by Mr. Jamshyd Godrej. The Group revenue was
approximately US$ 1.7 billion in financial year 06/07. Godrej
Interio is the flagship company of the group.
The Godrej group can be broadly divided into two major holding
companies, working independently:
- Godrej Industries Ltd.
- Godrej & Boyce Mfg. Co. Ltd.
The Major Companies, subsidiaries and affiliates are[2]
-
-
-
-
- Keyline Brands UK
- Rapidol South Africa
- Godrej Global Mideast FZE
- Godrej SCA Hygiene Limited
- Godrej Hershey Foods & Beverages Limited
-
-
-
- Animal Feeds
- Goldmohur Foods and Feeds
- Golden Feed Products
- Higashimaru Feed Products
- Oil Palm
- Agri Inputs
- Godrej Aadhaar
- Nature's Basket
- Integrated Poultry Business
- Plant Biotech
-
- Godrej HiCare (Pest Management Services)
- Godrej Global Solutions (ITES)
- Godrej Properties
Achievements[3]
- In 1897, Godrej Introduced the first lock with lever technology
in India.
- In 1902, Godrej made the first Indian safe.
- In 1920, Godrej made soap using vegetable oil, which was a huge
hit with the vegetarian community in India
- In 1955, Godrej produced India's first indigenous
typewriter
- In 1989, Godrej became the first company to introduce PUF (
Polyurethane Foam)
- Introduced India's first and only 100% CFC, HCFC, HFC free
refrigerators
- GCPL, the Highest Ranked Indian FMCG in Asia's Hot Growth
Companies' List by Business Week
- Godrej Consumer Products Ltd. has been ranked 14th in The Best
Companies to Work For study. This study was jointly conducted by
Business Today, Mercer and Taylor Nelson Sofres (TNS)
- Godrej Consumer Products Ranks 6th in ET-Hewitt Best Employers
of India survey
- GCPL ranked 15th in Great Places to Work 2006 survey
- The Corporate Citizen of the Year Award given by Economic
Times.
- Flagship brands Goodknight, Cinthol and Ezee selected
Superbrands by the Superbrands Council
- Godrej Sara Lee, the JV between the Godrej Group and Sara lee
Corporation, USA is acknowledged the World's largest mat
manufacturers and South Asia's largest manufacturers of Coils.
- Godrej Consumer Products Limited, adjudged as a Business
Superbrand by the Super Brands Council.
- The Return on Capital Employed and Return on Net Worth ratios
of Godrej Consumer Products - the highest in corporate India.
- Godrej Consumer Products was awarded the "Best Managed
Workforce" award given by Hewitt Associates and CNBC TV18.
- Godrej Consumer Products features in the Top 25 list of Great
Places to Work (survey conducted by GrowTalent in association with
Business World) for four years in a row.
- Lifetime Achievement Award for Godrej Industries from
CHEMEXCIL, the Basic Chemicals Pharmaceuticals and Cosmetics
Exports Promotion Council.
External
links
References
- ^
Godrej Timeline
- ^
Godrej Companies
Overview
- ^
Godrej Milestones
- ^
Godrej Awards and
Accolades
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