Adi Godrej
Adi Godrej
Adi Burjorji Godrej, is an Indian industrialist and businessman, head of the Godrej family, and chairman of the Godrej Group. As of 2015, he is the 405th richest person in the world with a net worth of US$4.0 billion...
NationalityIndian
ProfessionEntrepreneur
Date of Birth3 April 1942
CountryIndia
acquired brands
We find it much better not to try and take the Godrej brand across, but use very strong brands we have acquired in different geographies and push them.
domestic objective operations time
We started the 10/10 objective in 2011, and that time, our turnover was about Rs. 15,000 crore. We would like to have a turnover of Rs. 1,50,000 crore by 2021. This will be through high growth in domestic and international operations as well as through acquisitions.
africa care categories continents hair household personal positions south strategy strong three
Our acquisition strategy is very clear: 3x3. Three continents - Asia, Africa and South America, and in three categories where we have strong positions - personal wash, household care and hair care.
both domestic sake strategic
We continue to look at accretive and synergistic acquisitions both in the domestic as well as international markets. Our emphasis, thus, will be on strategic acquisitions, and we will not be doing it just for the sake of making our name bigger.
across age apply business comment family group plans retirement strong succession work
We have very strong succession plans across all group companies. But we do not comment on it. The retirement age is 60 years, but it does not apply to family professionals who work in the business.
branded interested
We are not into financial services, and we are not interested also because we find we are better in branded marketing enterprises.
believe compete outside rests technology
It's a mistake to believe technology rests outside India. We compete very successfully.
handed lee sold
We were licencees of Sara Lee Corp's air freshener brand Ambi Pur, which they sold to Procter and Gamble. So we handed it over to Procter and Gamble. Now we will introduce our own brand of air freshener.
governance
Corporate governance should be done more through principles than rules.
both geometric gourmet nature services
We have a company, Geometric Software, which is into engineering services software. We have a company called Nature's Basket, which is into gourmet retailing. Both are specialized companies.
acquire fit human market matches opportunity
There must be an opportunity that matches with our strategy. Just because we have a gap, we don't want to go and acquire anything and everything. What we acquire should fit in with our strategy, human resources and market expectations.
both expectation india largest time
Our expectation is that by 2050, which is a long time away, India will be the largest economy in the world, overtaking both the U.S. and China.
corporate encouraged given people
People should be encouraged by things like awards given for corporate governance practices.
basically capital fund funding manage percentage provide require stages venture
We own only a small percentage in Omnivore, but we manage it. It is basically a venture capital fund to help newer enterprises and provide them with the funding they require in their early stages of development.