WWI is founded by filmmaker Subhash Ghai.
The new campaign will be a continuation of the one launched in 2013 featuring Aamir Khan, showcasing innovative products, Godrej said in a statement.
"One of Godrej's brand's pillars is "Expression" and this project explores new avenues of expression for its campaign idea," said Godrej.
The collaboration began with a theme song created by Universal Music and sung by Shaan, Neeti Mohan and Shraddha Sharma.
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Created within 3 weeks, Godrej would be placing films at the centre of one of the largest social media activities ever undertaken by the group.
Godrej Chief Operating Officer, Strategic Marketing Group, Shireesh Joshi said: "It is our constant endeavour to be at the helm of innovation not just in products we sell but also in how we express ideas in those products. As an organisation we also value diversity of thought, freedom of expression, and individual growth".
WWI President Meghna Ghai Puri said: "Having collaborated with Cadbury, Pepsi, Leela and several NGOs already, this collaboration with Godrej is one of the major milestones in WWI's continuing endeavour to create the next generation of Media & Entertainment industry professionals".
Established in 1897, Godrej Group is a USD 3.8 billion firm having business including FMCG, real estate, agri, consumer durables and home appliances.