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
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.
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.
governance
Corporate governance should be done more through principles than rules.
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.
best currently general joint ventures
From our group, we've had joint ventures with a lot of international companies: Procter & Gamble, General Electric, Sara Lee, currently with Hershey's and Tyson. We've learned a lot of the best practices.
business learn stay
Politicians and bureaucrats must learn to stay away from the day-by-day functioning of business.
acquire developing estimate
When we acquire businesses in the developing world, we estimate if the growth opportunities are strong.
There are too many politicians in the world and too few statesmen.
accept brand continue daily generally indians million product strongly trust
I feel the Godrej brand has generally come to signify trust to most consumers. 400 million Indians use one or the other Godrej product on a daily basis, and they have come to accept it. We will, thus, continue positioning Godrej strongly on the trust platform.
rapid rate
When you are growing at a rapid rate, there is bound to be some inflation. I think a 5% rate of inflation is something that we should take in our stride.
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.
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.