Godrej Family Net Worth

Godrej Family Net Worth

Godrej Family net worth

Current Net Worth$11.0 Billion (USD – 1,100 Crores), (Rupees – 88.4 Thousand Crores)

Godrej Family short biography

Net Worth$11.0 Billion
Identified asOwner of the Godrej Group
StatusIndian Parsi Family
NationalityIndian
ResidenceMumbai, India
Godrej Family short biography

The Godrej family has a net worth of $12.0 Billion (Rupees – 88,471 Crores), which is making them one of the top 20 richest families in India.

The family is an Indian Parsi family that runs and owns the Godrej Group, a conglomerate established in 1897 by Ardeshir Godrej and his brother Pirojsha Burjorji Godrej that spans real estate, consumer goods, industrial engineering, appliances, furniture, defense, and agricultural products.

The Godrej family owns the Godrej Group, a 123-year-old consumer goods behemoth with a $6 billion (revenue) market cap.

The family’s most valuable possession is a large plot of land in Mumbai’s suburbs.

Ardeshir Godrej, a lawyer who quit his job to make locks in 1897, founded the organization.

Patriarch Adi Godrej (pictured), an MIT graduate who took over as chairman in 2000, is now the group’s chairman.

Godrej Consumer Products, chaired by Adi Godrej’s daughter Nisaba, and Godrej Properties, managed by his son Pirojsha, are two of the group’s most important businesses.

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Career

A 3,500-acre estate in Vikhroli, Mumbai, valued at $12 billion if built, is one of the family’s most valuable assets; in 2011, the family announced plans to build three million square feet by 2017 through an internal joint venture comprised of Godrej Industries and Godrej Properties.

The family has preserved 1,750 acres of mangrove swamps on the estate for decades, earning Adi and Jamshyd Godrej a spot on Forbes magazine’s list of the richest green billionaires in 2012.

The Godrej family paid Rs. 372 crores for Homi J. Bhabha’s famous Mehrangir bungalow through an auction held by the National Center for Performing Arts in Mumbai on June 18, 2014.

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Private & early life

Godrej Family Net Worth
Godrej Family Net Worth (Image Source – Celebrity Family)

After reading a newspaper story about increasing citywide crime rates, Ardeshir Godrej started designing and selling locks with the help of his brother Pirojsha in Bombay in 1897.

Pirojsha Godrej’s son’s burger, Sohrab, and Naval succeeded in the second generation after Ardeshir Godrej died childlessly.

Adi, Nadir, and Jamshyd, the group’s grandsons, now run it.

Godrej Brothers, the original venture, have since diversified into several sectors and grown into the Godrej Group, which now includes Godrej Industries, Godrej Agrovet, Godrej Consumer Products, Godrej Properties, Godrej Infotech, and the holding company Godrej & Boyce.

Members in Godrej family

  • Ardeshir Godrej, cofounder of Godrej Brothers
  • Burjor Godrej
  • Pirojsha Burjorji Godrej, cofounder of Godrej Brothers
  • Jamshyd Godrej, chairman of Godrej & Boyce
  • Sohrab Pirojsha Godrej, chairman of the group
  • Naval Godrej
  • Nadir Godrej, managing director of Godrej Industries and chairman of Godrej Agrovet
  • Parmeshwar Godrej, socialite and AIDS activist
  • Pirojsha Adi Godrej, Managing Director & CEO of Godrej Properties Limited
  • Adi Godrej, chairman of the Godrej

Net worth statistics

  • September 2014 – $11.6 B
  • September 2015 – $11.4 B
  • October 2015 – $11.4 B
  • September 2016 – $12.4 B
  • November 2016 – $12.3 B
  • October 2017 – $14.2 B
  • November 2017 – $14.0 B
  • October 2018 – $14.0 B
  • October 2019 – $12.0 B
  • October 2020 – $11.0 B
  • April 2021 – $12.0 B

The figures related to this post are estimated around fortune.

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