Adi Godrej's son, Pirojsha, will take over as chairman of the Godrej Industries Group in 2026. He will succeed Nadir Godrej, who will remain chairperson until then.
Nyrika Holkar, daughter of Smita Godrej Crishna, will be the executive director of Godrej Enterprises Group. She will work alongside her uncle, Jamshyd Godrej, who will be the chairman and managing director of the group.
The Godrej family has also announced a new succession plan. The Adi/Nadir family (ABG/NBG family) will buy out the shares held in the five listed companies by the Jamshyd/Smita family (JNG/SVC family). Each family would sell the shares they hold personally and/or via trusts to the other family, and these transactions would be tax-neutral.
The Godrej family has also agreed to a six-year non-compete agreement. This means that neither family will be able to enter into the exclusive business of the other family group for six years. After the non-compete period, a family group could enter into the exclusive business of the other family group, without the use of the ‘Godrej’ brand.