Adi Godrej Steps Down As Chairman Of Godrej Industries, Brother Nadir Godrej To Take The Reins From October 1st

Godrej Industries Chairman Adi Godrej has resigned from the post. The command of the company will now fall in the hands of his brother Nadir Godrej. The company’s board in its meeting held on Friday accepted the resignation of Adi Godrej. Adi will continue with the company as the Honorary Chairman of Godrej Industries. He will also hold the post of chairman of Godrej Group.

Company’s MD Nadir became CMD

After resigning, Adi Godrej will continue as the chairman of Godrej Industries till the last day of September. After that, from October 1, his brother Nadir will take over as the chairman of the company. Nadir is currently the Managing Director (MD) of the company, who has become CMD after the resignation of Adi Godrej.

Adi said to the board members of the company – thank you

On stepping down as the Chairman of the company, Adi Godrej said, “It is a matter of privilege that I have got the opportunity to serve Godrej Industries for four decades. During this time the company has given very good results and has transformed itself. Apart from good advice from time to time, I am also thankful to the board members of the company for their full support.

‘Unmatched leadership gave shape to the company’

Adi Godrej also expressed his gratitude to the board, team members, customers, business partners, shareholders, investors. Nadir Godrej, the new Chairman, Godrej Industries, said, “On behalf of our team, I would like to thank the Chairman (Adi Godrej) who shaped the company with his vision, his best values ​​and unmatched leadership.”.

Net profit jumps 101%, to 139 crores

Godrej Industries has released its June quarter results today. Its consolidated net profit jumped 101% to Rs 139 crore. It had a net profit of Rs 69 crore in the same quarter last year. The company has a total income of Rs 3,101 crore, which is 46% higher than Rs 2,119 crore in the previous June quarter.

Latest articles

Debt Recovery Ecosystem in India, Impact of Phygital Debt Collection, and the Way Forward: Mobicule Technologies’ Siddharth Agarwal

In the past few years, India has observed a massive transformation across industries owing to digitisation, new communication channels, and stringent regulatory...

HMD Global Launches Nokia C32: Fashionable Design, Powerful Imaging, and Android 13!

HMD Global, the leading manufacturer of Nokia phones, has announced the launch of the Nokia C32, the latest addition to the popular...

Indian govt likely to reopen semiconductor application worth $10 billion to attract global chip companies

A day after India's IT Minister Ashwini Vaishnaw interacted with the leadership team of  Semiconductor Equipment and Materials International (SEMI), which is the...

Gautam Adani Climbs to Top 20 on Billionaires List with a Net Worth of $64.2 Billion

Indian business tycoon Gautam Adani, chairman of the Adani Group, has achieved a significant milestone by reentering the top 20 on the...

Related articles

Leave a reply

Please enter your comment!
Please enter your name here