Godrej & Boyce

Land never an issue for GEG family biz split: Jamshyd Godrej, Nyrika Holkar

Jamshyd Godrej and Nyrika Holkar talked about the development of 1,000 acres of prime land in Mumbai, future investment plans, and the need for brand change

Godrej & Boyce targets mkt share boost with battery-powered forklift truck

The BMS was developed in collaboration with Log9 Materials and currently boasts 30 per cent localisation

G&B-Godrej Properties partnership to continue for Vikhroli land development

Godrej & Boyce and Godrej Properties on Wednesday said they would continue their association for land development at Vikhroli in Mumbai, a day after the founding family of the Godrej group announced an amicable split of the conglomerate. In a joint statement, Godrej & Boyce, owner-developer, and Godrej Properties, the development manager, said the two companies will continue their Memorandums of Understanding executed from time to time, for development of land in Vikhroli as and when the owner is desirous of developing the land. Godrej Construction, a business of Godrej & Boyce, designed and built four phases of Godrej Platinum, a residential development project with a total constructed area of 1 million square feet, which has been marketed by Godrej Properties. In March 2024, a new project named Godrej Vistas was successfully launched under this arrangement, it added. "The future development of Vikhroli presents a unique opportunity to create a holistic space in the ...

Godrej family amicably splits 127-year-old conglomerate into two groups

Adi Godrej family gets control of listed entities while cousin Jamshyd to own Godrej & Boyce and land bank

Godrej Locks eyes 50% market share, bets big on new cheaper products

Locks and security solutions company Godrej Locks has said it aims to increase market share from 30 per cent to 50 per cent in three years, riding on a new range of affordable products and reduced prices of existing ones. Shyam Motwani, business head for Godrej Locks and architectural and systems, said the company's newly-launched products are over 50 per cent affordable than the existing locks, while efforts have been undertaken to make the existing locks cheaper by 7-8 per cent. The company will rely on new affordable range and price cuts in the existing locks to achieve the objective of having the dominant market share in around three years, Motwani told PTI. The target is to grab 50 per cent market in the segment from the current 30 per cent, Motwani said, adding that the company sees a massive opportunity for its products in the tier-2,3, 4 cities and towns. He further said the newly-launched locks have been designed and developed in-house, keeping in mind the needs and ...

Godrej & Boyce to expand focus on smaller cities, invest Rs 40 cr in 3 yrs

Godrej & Boyce is aiming to invest about Rs 40 crore over the next three years to expand its distribution footprint for its consumer brands in the tier-II and tier-III cities. The fresh investments by the company, which sells interior solutions, furniture, appliances and locks, will see its footprint getting doubled to more than 400 towns by FY27, a senior official has said. "G&B plans to spend around Rs 10-15 crore every year on store expansion and renovation for the next three years," a company spokesperson told PTI. The company is targeting to grow its topline by 15-20 per cent per year, and it hopes for the store expansion to be one among several initiatives to realise its aim, the spokesperson added. When asked if the expansion activities will be franchisee-driven, the spokesperson said the store expansion will be both "company and channel-driven". As per the company website, it had revenues of Rs 14,796 crore in FY23 and was present in over ten industries, including ...

Godrej Locks aims double-digit growth amid changing market dynamics

Godrej Locks & Architectural Fittings and Systems, a division of Godrej & Boyce, has set its sights on substantial growth of achieving an 8-10 per cent increase in its topline, which is double the sector's expected growth rate, a senior company official said on Monday. Retaining an optimistic outlook, the country's largest lock maker noted that the urban market has rebounded to pre-COVID growth levels, surpassing its previous performance. However, the rural market presents a more challenging scenario, with a projected two-year timeline for a full recovery, given the larger impact of the COVID-19 pandemic in rural areas, Shyam Motwani, Business Head of Godrej Locks. He said rural and semi-urban areas account for 25 per cent of their business, while the remaining 75 per cent is urban centric. In an effort to embrace evolving consumer preferences, the company is focusing on digital technology locks, which currently constitute only 3 per cent of their revenue but are doubling in ..

Bullet train: HC asks Maha govt to decide in 30 days on Godrej & Boyce plea

The Bombay High Court on Monday directed the Maharashtra government to decide within a month an application filed by Godrej & Boyce company seeking enhancement of compensation awarded to it for acquisition of its land in suburban Vikhroli for the Mumbai-Ahmedabad bullet train project. A division bench of Justices B P Colabawala and M M Sathaye was hearing a petition filed by the company seeking a direction to the Mumbai suburban district collector and the deputy collector (land acquisition) to make a reference to the Land Acquisition, Rehabilitation and Resettlement (LARR) Authority on the company's application seeking enhancement of compensation. The bench directed the state government authorities concerned to decide on the company's application within 30 days. The company and the government have been embroiled in a legal dispute over acquisition of the company-owned land in Vikhroli area of Mumbai for the bullet train project since 2019. Godrej's contention was that initially ...

Lock, stock and barrel: Meet Jamshyd N Godrej, chairman and MD, G&B

Godrej speaks with Pavan Lall about future-proofing, why his companies are private and the reason he's a hands-off manager

Mumbai-Ahmedabad bullet train project: SC dismisses plea by Godrej & Boyce

Solicitor General Tushar Mehta, appearing for NHSRCL, told bench that dispute was over amount of compensation and not land acquisition and that delay was leading to an escalation in cost of project

Bullet train is national project, says SC declining Godrej's plea

The top court said if any application for enhancement of compensation is filed, it should be decided within six weeks

India Inc looks to plug into EV-charging infrastructure at work

Logistics player FedEx is converting its parcel pickup and delivery fleet into zero-emission vehicles by 2040

Tracing history: Godrej & Boyce's 1st external CEO part of broader trend

Verma was the executive director since 2008 and was then made the president in 2015 of the 14 businesses that include consumer durables, intralogistics, defence, aerospace, among others

Godrej & Boyce creating hurdles for bullet train project: Maha govt to HC

The Maharashtra government on Tuesday told the Bombay High Court that Godrej & Boyce Manufacturing Co Ltd had left no stone unturned to create unnecessary hurdles for acquisition of land, owned by the company, for the Ahmedabad-Mumbai bullet train project. A division bench of Justices Nitin Jamdar and Sharmila Deshmukh was hearing a petition filed by Godrej & Boyce Manufacturing Co Ltd challenging an order of September 15, 2022 passed by the state government awarding compensation to it for land acquisition for the project. The company, in their petition, sought that the high court direct the state government to not start the process of awarding compensation and initiate possession proceedings. The state government, in its affidavit filed by deputy collector (land acquisition) Jagatsing Girase, termed the company's allegations as frivolous, baseless, unwarranted and unsubstantiated. It also informed the court that the acquiring body of the state government has already deposited

India at 75: These pre-independence companies thrived in independent India

These companies that operated under the constraints of British rule before 1947 helped India become self-sufficient in various sectors after independence

Godrej & Boyce to invest Rs 300 crore in Gujarat's Dahej to double revenues

Godrej & Boyce on Monday said it is investing an additional Rs 300 crore at its facility in Gujarat's Dahej to double revenues from the process equipment arm by FY25. Godrej Process Equipment (GPE) is investing to strengthen presence in the hydrogen and power sectors for delivery of specialised and large equipment for which Rs 300 crore investment is being made, according to an official statement. The expansion will increase the manufacturing area by approximately 25,000 square metres, it said, adding that at present it serves client needs in the oil and gas, chemicals and fertilizers, and power sectors. The facility, commissioned in 2016, houses units to manufacture and deliver over-dimensional consignments for global projects, it said. The expansion will involve a dedicated bay for nuclear equipment and another bay dedicated for heavy equipment manufacturing, the statement said, adding a 'clean room' will also be created for manufacturing equipment using exotic metals like ...

Godrej & Boyce bets on indigenous manufacturing, aims at 20% revenue growth

In its 125-year journey, Godrej and Boyce, the first Indian company to make typewriters, refrigerators and ballot boxes for Independent India's maiden election, still considers indigenous manufacturing as one of its core areas to fuel growth, an official said. Started with making of locks in 1897 and safes in 1902 by its founders Ardeshir and Pirojsha Godrej, the group's flagship company now has presence in construction, electrical and electronics, industrial engineering, appliances, furniture and aerospace, and aims at 15-20 per cent growth in revenue this year riding on its understanding on consumer insights and innovation, Sr VP and Head of Brand and Strategic Insights, Godrej & Boyce, Mehernosh Pithawala told PTI. The Mumbai-headquartered company clocked a revenue of Rs 11,800 crore in the 2021-22 fiscal, he said. The diversified conglomerate intends to strengthen its position as a global source of manufacturing with the world looking at a "China plus" policy and is planning ..

Godrej & Boyce gets Rs 468 cr order to supply generators for PHWR project

Godrej & Boyce has bagged a Rs 468 crore order from Nuclear Power Corporation of India to supply steam generators for 700 MW pressurized heavy water reactors (PHWR) project. The company's process equipment division will be supplying the generators for the indigenous project and is the biggest order for the division yet, Godrej & Boyce said in a statement. Steam generators are critical equipment in a nuclear power plant for generating clean (non-fossil) and reliable source of power for baseload requirements, the statement said. The generators will be manufactured at the company's facility in Dahej, Gujarat. For decades now, Godrej Process Equipment has been a leading global fabricator of high end critical static equipment for the process industry. To contribute to India's prestigious nuclear power programme is a matter of great pride for us, its business head Hussain Shariyarr said. The Indian PHWRs have been designed at the Bhabha Atomic Research Centre (BARC) and one reactor .

Godrej & Boyce expects double-digit growth in healthcare biz going ahead

Consumer goods firm Godrej & Boyce is looking at double-digit growth in its healthcare business going forward, and after the pandemic started in March 2020, it has witnessed a sustained rising demand of its key healthcare products and solutions, said a top company official. Besides, Godrej & Boyce, part of over USD 4.1-billion Godrej Group and a leading maker of medical refrigerators in India, is also quite open to alliance with any vaccine makers such as Pfizer's, that needs to be kept in (-) 70 degrees Celsius. The company's healthcare businesses are growing in the range of 22-25 per cent in the past year, said Godrej & Boyce Executive Director Nyrika Holkar. Godrej & Boyce is operating in the healthcare sector through its multiple step-down subsidiaries, which include Godrej Appliances, Godrej Interio and Godrej Lawkim, in areas such as hospital beds, medical refrigerators and calibration services for medical equipment like ventilators. "We believe that the ...

Working on long-term options to settle the matter, says Godrej group

The land parcel was acquired by the Godrej family in early 1940s from the Bombay High Court receiver