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
acquire developing estimate
When we acquire businesses in the developing world, we estimate if the growth opportunities are strong.
bad consumer crisis developing global itself manifested
In 2008, when the global financial crisis struck, it was a bad year for a lot of developing countries, and it manifested itself in consumer confidence.
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.
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 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.
business learn stay
Politicians and bureaucrats must learn to stay away from the day-by-day functioning of business.
There are too many politicians in the world and too few statesmen.
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.
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.
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.
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.
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.