“We want to deepen no matter we do in home equipment and furnishings in addition to in our industrial group… We do see a very good quantity of development in export-both for our consumer-facing items in addition to our industrial group,” Godrej stated. “We’re actively increasing into new markets like automotive, warehousing, safety and aerospace. Regardless of geopolitical challenges, we stay dedicated to sustained development by means of diversification and geographic enlargement,” he added.
The group’s exports have steadily elevated to ₹139 crore in FY24 and are projected to develop at a compound annual development fee (CAGR) of 20-25% until FY27, Godrej stated. “Our robust worldwide presence, primarily within the PED (course of gear division) enterprise, drives this development,” he stated.
“We’re continually attempting to advertise all our companies to go as world as they’ll,” Godrej stated. “There’s good scope for us to develop, each in India and overseas.” The Godrej group was cut up between two units of cousins earlier this 12 months into GEG and Godrej Industries Group (GIG), run by brothers Adi and Nadir Godrej.
The group is managed by Jamshyd Godrej and his niece (daughter of his sister Smita Crishna) Nyrika Holkar who’s its government director together with their speedy households.
Holkar additionally individually spoke with ET.”We have now consumer-facing companies and industrial companies. The buyer-facing companies will develop in a approach the economic system grows, and on buying energy…The commercial will develop on infrastructure growth,” Godrej stated. “Each of them have been rising at 15-20% on a median through the years. I do not see that altering very a lot. We want to deepen in home equipment, furnishings and industrial teams.”
GEG is current in 14 enterprise verticals together with home equipment, aerospace, engines and motors, power, safety, constructing supplies, development, healthcare gear, durables, and furnishings and interiors, amongst others.
Additionally, on Thursday, the group introduced a model refresh technique at an occasion held in Mumbai.
“The concept behind repositioning was to provide a stronger, distinctive and ownable identification to the Godrej Enterprises Group of companies and since additionally, given the range of companies throughout the fold, we have now to take a look at consumer-first companies (and) nation-first companies that are very various,” Holkar stated.
“The goal was to make the model identification distinct for these companies,” she added.