Whenever it comes to the country's leading business houses, the names of Ambani, Tata, Birla, Godrej are counted. Now news is coming that 126 year old Godrej Group may be divided. The exercise of dividing the business in this house worth Rs 1.76 lakh crore has started. What is the matter and how will this legendary family be divided, let us know.
The division of corporates is also special because along with that family, the future of many others is also involved in it. And the most important thing is that there are many complications in the division of big business houses. If you remember the partition between Mukesh Ambani and Anil Ambani then you can understand this.
Godrej Group worth Rs 1.76 lakh crore
Whenever the name of Godrej Group comes up, the first thing that comes to mind is locks. Actually, Godrej Group, which is worth Rs 1.76 lakh crore, started its journey by selling locks. This group, one of the oldest companies in India, was started 5 decades ago. According to a report in Economic Times, talks are now going on regarding the division of this group. According to sources, these talks have reached advanced stage and its official announcement may be made soon.
what is the current situation
Godrej Group currently has 5 listed companies. These include Godrej Industries, Godrej Consumer Products, Godrej Agrovet, Godrej Properties and Lifesciences. At present there are two groups in the Godrej family. Godrej Group chief Adi Godrej and his brother Nadir control Godrej Industries and Associates. Whereas Godrej Godrej & Boyce Manufacturing Company is headed by Adi Godrej's cousins Jamdesh Godrej and Smita Krishna Godrej. Now the news is that the verticals of this group of engineering, security, agri, real estate and consumer products can be divided.
Started by selling locks
You will be surprised to know that the valuation of the group today is Rs 1.76 lakh crore. It once started with selling locks. Now this group has expanded its reach so much that it is trying its hand in almost every sector. This group has achieved a huge revenue of Rs 42,172 crore for the financial year 2023. Talking about profit, the company's profit during this period has crossed Rs 4000 crore.
Where can the screw get stuck?
There are many complications in any major business division. Talking about Godrej Group, a problem can be seen here also. According to experts, it is important to resolve the issue of 3400 acres of land of G&B, an asset of the company. There is a problem in the distribution of this land due to equity crossholdings. However, efforts are being made to resolve this issue internally. Actually, the biggest problem in solving this is regarding its valuation.
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