Published On:November 29 2024
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Godrej & Boyce Announces ₹7,500 Crore Investment Plan Over Three Years.

Godrej & Boyce, the flagship holding company of the Godrej Enterprises Group (GEG), has announced plans to invest over ₹7,500 crore over the next three years to enhance technological capabilities and drive design-led innovation.

Speaking at an event unveiling the group’s new branding and logo, Jamshyd Godrej, Chairman and Managing Director of GEG, revealed that the company aims to achieve ₹18,000 crore in revenue by FY25. The appliances segment is expected to contribute ₹5,000 crore, while Godrej Interio will account for ₹3,500 crore. The group's revenue has been growing at a steady rate of 15–20% annually, a trend Godrej anticipates will continue.

Public Listing Not Imminent

Godrej clarified that a public listing of Godrej & Boyce is not on the immediate horizon but remains a possibility in the future. “Growth has been manageable through internal accruals, including significant investments. A time may come when we may want to list, but nothing is decided as of now,” he said.

Strategic Focus on Three Business Clusters

GEG will focus on three core clusters:




  1. Consumer Business: Contributing 60% of the group’s revenue.

  2. Nation-Building Cluster: Encompassing aerospace, aviation, defence, and advanced engineering, aligned with government infrastructure initiatives.

  3. Future-First Cluster: Including battery storage and green energy solutions, with significant investments in R&D.



Executive Director Nyrika Holkar highlighted that both the consumer and nation-building clusters would receive equal focus in terms of capital allocation, given their growth potential.

Impact of Government Policies

Godrej emphasized the role of government policies and contracts in driving growth for the nation-building and infrastructure segments, which currently see annual growth rates of 15–20%, with some areas expanding even faster. “The government’s engagement with the private sector has spurred steady growth across these businesses,” he said.

Brand Repositioning

GEG also unveiled a refreshed brand identity featuring a bold purple hue while retaining the iconic cursive logo inspired by founder Pirojsha Godrej’s signature. The updated branding is expected to enhance the visibility of its diverse B2B and B2C business units.

Post-Split Non-Compete Understanding

Following the split announced in May between the Godrej Enterprises Group (headed by Jamshyd Godrej and Smita Crishna) and the Godrej Industries Group (led by Adi and Nadir Godrej), Jamshyd noted that the two groups are unlikely to enter each other’s business domains even after the six-year non-compete period ends.

The investments and strategic focus underline GEG’s commitment to innovation and its vision of sustainable growth across its business verticals.

HBL





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