Adi Godrej

Topic Name Submitted By Submitted To Subject Date

Entrepreneur (Adi Godrej) : Maskara Nikita (93)

: Mrs. Radha Vyas : : Entrepreneurship Development 11th Sept.2011

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Adi Godrej

Name

: Adi Godrej

Born On : 3rd April1942 Age : 69

Residence : Mumbai Education : MA/MS Marital Status : Married Children :3

Navnirman Institute of Management

Adi Godrej The co-founder and the managing director of the Godrej Group of companies, Adi Godrej, was born into a business family and left India at the age of 17 to study business management. He obtained both his bachelor's and the master's degree in management from the Massachusetts Institute of Technology and came back to India to join the family business. Before Adi joined the family business, Godrej was into the manufacturing of locks and soaps. Adi made the management structure more systematic and modernized and initiated the process of improving the standards of the products. Even in the era of controlled economy, the company reached a high standard under the leadership of Adi Godrej. Today, Godrej manufactures a wide range of products spanning from household products to locks, furniture and home appliances. The name itself has become synonymous with quality and commands a lot of faith from the consumers. Adi has made the best possible use of the process of globalisation in the country. The Godrej company has several offices and manufacturing units located in over fifty countries throughout the world. Adi is also a great supporter and well wisher of the World Wildlife Fund. The company has built a huge 150 acre mangrove forests in the township of Vikhroli in Mumbai apart from building a school for the children of the employees. The company has also built a management institute at Hyderabad. Adi Godrej is an Indian industrialist and philanthropist. As of 2011, he is one of the richest Indians with net worth of US$7.3 billion. He is 130 on Forbes List of Billionaires. Also He is the second richest person of Iranian descent in the world after Pallonji Mistry.

Early life Adi Godrej left India at the age of 17 to enroll at the Massachusetts Institute of Technology. Though he planned to study mechanical engineering, he later on switched to management. Adi was a member of Pi Lambda Phi and lived there his freshman year. Also he joined to AIESEC India. He went on to receive his MBA from the MIT Sloan School of Management.

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Adi Godrej

After his return to India, Adi Godrej joined the family business. He modernized and systematized management structures and implemented process improvements. Adi Godrej took the Godrej Group to great height during controlled economy era. After the liberalization process, Adi Godrej restructured company's policies to meet the challenges of globalisation. In the early 2000s, the Group completed a 10-year restructuring process through which each business became a stand-alone company with a CEO/COO from outside the Godrej family. He is also Chairman of Godrej Industries Ltd., Godrej Consumer Products Ltd., Godrej Sara Lee Ltd., Godrej Properties Ltd., Godrej Hershey Ltd., Godrej Hicare Ltd., Nutrine Confectionery Company Ltd., Godrej SCA Hygiene Ltd., Godrej Consumer Products (UK) Ltd., Keyline Brands Ltd. U.K. and Rapidol (Pty) Ltd., South Africa. The Godrej Group is one of Indias largest conglomerates. He married to Parmeshwar & has two daughters, a son and two grandsons.

As a Director of numerous firms, including Godrej & Boyce, Godrej Agrovet, Godrej International and Godrej Global MidEast FZE he is responsible for shaping the long term strategy for these organizations and driving a focus on value creation. Over the last five decades Adi has played an important role in the development of a variety of industries by leading key organizations of trade and commerce as the former Chairman and President of the Indian Soap & Toiletries Makers Association, the Central Organisation for Oil Industry and Trade, the Solvent Extractors Association of India, the Compound Livestock Feeds Manufacturers Association, the Indo-American Society and as member of the Governing Board of the National Council of the Confederation of Indian Industry. Adi has also participated actively in the field of management education as a former Chairman of the Governing Council of the Narsee Monjee Institute of Management Studies, as a former member of the Deans Advisory Council of the MIT Sloan School of Management and the

Wharton Asian Executive Board. Adi is a member of Tau Beta Pi (The Engineering Honor Society) and also serves as a member of the Governing Board of the Indian School of Business. For his contribution to Indian industry Adi has been the recipient of several awards and recognitions including the Rajiv Gandhi Award 2002. Adi received his undergraduate and Masters degree in management from the Massachusetts Institute of Technology. He lives in Mumbai, India. Adi is married, and has three children and two grand children.

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Adi Godrej

Adi Godrej & family

Head of 114-year old Godrej Group, a consumer goods conglomerate, started by his granduncle. He bought out Sara Lee's 51% stake in their joint venture that makes household care products. . Planning to launch chocolate business with Hershey and its own brand of television sets. Property arm, where son Pirojsha works, went public. Planning new development on part of 3,500 acre Godrej estate in suburban

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Adi Godrej

Established in 1897, the Godrej group has grown in India from the days of the charkha to nights at the call centers. Its founder, Ardeshir Godrej, lawyer-turned-locksmith, was a persistent inventor and a strong visionary who could see the spark in the future. His inventions, manufactured by his brother Pirojsha Godrej, were the foundation of todays Godrej empire. One of Indias most trusted brand, Godrej enjoys the patronage and trust of around 500 million Indians every single day. With 7 major companies with interests in real estate, FMCG, industrial engineering, appliances, furniture, security and agri care to name a few their turnover crosses 3.3 billion dollars. We think of Godrej as such an integral part of India like the bhangara or the kurta that one may be surprised to know that 25% of its business is done overseas. Their presence in more than 60 countries ensures that their customers are at home with Godrej no matter where they go. With brands one can believe in, service excellence one can count on and the promise of brighter living for every customer, Godrej knows what makes India tick today. The brand value of the group has been put at $2.86 bn through a valuation exercise undertaken by global brand consultancy firm Interbrand. Riding on India's growth story, the century-old company has been undergoing a metamorphosis of sorts as it gets ready to herald a new era where real estate could become its biggest business. This comes even as it claims to be the only Indian company with the largest consumer touchpoint in the country with 470 million consumers. The group has also managed to retain its relevance in the marketplace and this has a lot to do with the induction of the fourth generation of the Godrejes into the group. The group is also poised to attain a youthful exuberance, like all family businesses, it is going through a phase of succession planning.

Adi Godrej is one of the icons of Indian Industry. He is the chairman of Godrej Group. .Adi Godrej was born in a business family. His father's name was Burjorji Godrej and his mother's name was Jai Godrej. More than a century age, the Godrej's were into manufacturing locks and vegetable-based soaps. The Godrej products were among the first indigenously manufactured products to displace entrenched foreign brands.

Under Adi Godrej's leadership, the group is also involved in philanthropic activities. Godrej is major supporter of the World Wildlife Fund in India, it has developed a green business campus in the Vikhroli township of Mumbai, which includes a 150-acre mangrove forest and a school for the children of company employees. Mr. Godrej is a member of Tau Beta Pi (The Engineering Honor Society). Mr. Godrej also serves as a member of the National Council of the Confederation of Indian Industry and is a member of the Governing Board of the Indian School of Business. Mr. Godrej is a recipient of several awards and recognitions including the Rajiv Gandhi Award 2002.

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Adi Godrej

Godrej & Boyce, the holding company of the Godrej Group was established more than a century ago in 1897. Over the years, the group diversified into many other businesses, from locks and office furniture to soaps and software services. A company built by four generations of a close-knit business family, Godrej is today a household name in the country. Adi Godrej is the man who heads the Godrej Group. He is the man who has successfully grown the family business group into becoming one of the largest business groups in India. Adi, a Management Degree from the Massachusetts Institute of Technology. He runs the Godrej companies with a passion, which is unparalleled. He joined the family business after his education, and worked his way up under the tutelage of his father- Burjor Godrej. And Naval Godrej who he considers his business guru. Both these People were instrumental in evoking the genius in Adi, which helped him tremendously in his formative years. Adis passion for growth has made Godrej a company with a huge international presence. Today, the Godrej group has business operations in over 50 countries and representative offices in Malaysia, Singapore, Vietnam, Oman, Sri Lanka and Bangladesh. Adi spends plenty of time travelling and has travelled to over 70 countries. But Adi ensures that this amount of travel does not strain him too much. He once said, If I am on business and have a weekend free, I just walk around new destinations. It is something I enjoy doing. My passion for travel has taken me to around 70 odd countries. I have made friends in various nations, understood many new cultures and experimented with numerous cuisines. This is an amazing insight into the life of a professional who enjoys his work and makes the most of it. Adi is a disciplined professional who believes in virtues like punctuality and commitment. At the same time, he is completely open to change, especially the change that has been swept in by technology. His organization is constantly evolving, and is receptive and adaptable to changes brought in by the global economy too. In spite of the mammoth size of the business that Adi managers, he is very well organized in his work, and his desk is uncluttered at all times. Adi also believes in delegation of authority, and expects his managers to be fair and Prompt in decision-making. He said," The challenge of the future is to use our brand image and success, while simultaneously creating a modern, efficient, young and consumer-centric organization which can further create a momentum of growth in the future." In spite of all this, Adi has never stopped learning. He believes that learning is a never ending process. He does not believe in having idols, but does respect Margaret Thatcher, Jack Welch and industrialists JRD Tata and Dhirubhai Ambani.

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Adi Godrej

On the topic of learning,once he said You can learn so much from the present generation and from your juniors. I must admit that it was my grandson who actually instilled the attribute of patience in me, which has helped me significantly to perform better at work. He has taught me things in management that no business school or management book can ever teach." This is an example of his modesty and willingness to learn more. The Group has also helped set up the Confederation of Indian Industry Sohrabji Godrej Green Business Center and the Indian School of Business, both in Hyderabad.Adi is very close to his family, and has both his daughters, Tanya and Nisa, work with him in the management team of Godrej. Whenever time permits, he goes water skiing with his family. Adi likes to take vacations in exotic locations with friends and family. But, work for Adi is still the biggest ecstasy that life has offered him. His elegantly appointed office holds an alluring fascination for him even today. In Adis words I look forward to the challenge of yet another Monday morning at work. I enjoy every day spent here. He had led to the execution of many innovative ideas and eventually systematizes the management structures. He has implemented various process improvements. His efforts led to the progress and growth of Godrej Group to great heights during the economy era. Adi Godrej was credited with the restructuring of many companys policies for meeting challenges of globalisation. His restructuring processes led to the formation of stand-alone companies by year 2000. Adi Godrej is serving as a Chairman of Godrej Group and he is regarded as the business icon of the Indian Industry. The group rose to great heights under the inspiring leadership of Adi Godrej. His vision and management style is widely appreciated and followed.The group has diversified a lot and there are large number of products are selling under Godrej brand today.

He is the Chairman of The Board of Trustees of the Dadabhai Naoroji Memorial Prize Fund. He is former Chairman and President of the Indian Soap & Toiletries Makers Association, The Central Organisation for Oil Industry and Trade, The Solvent Extractors Association of India, Mr. Godrej is a member of Tau Beta Pi (The Engineering Honor Society). Mr. Godrej also serves as a member of the National Council of the Confederation of Indian Industry and is a member of the Governing Board of the Indian School of Business. Mr. Godrej is a recipient of several awards and recognitions including the Rajiv Gandhi Award 2002.

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