Godrej & Boyce Mfg. Co. Ltd.
TypePublic ltd.
Industry
FounderArdeshir Godrej
Headquarters
Mumbai, Maharashtra
,
India
Key people
Jamshyd Godrej
(Chairman & Managing Director),[1]
Navroze Godrej,[2]
Vijay Crishna,[1]
Nyrika Holkar,[3]
Anil Verma;[2]
Products
Brands
  • Godrej Interio
  • Godrej Appliances
  • Godrej Locks
  • Godrej Security Solutions
  • U&US India Circus
RevenueIncrease ₹11,800 crore (US$1.5 billion) (2021–22) [3]
Number of employees
12,000+
Websitewww.godrej.com/godrejandboyce/

Godrej & Boyce Mfg. Co. Ltd. (G&B) is the flagship company of the Godrej Group. Established in 1897 in Mumbai, Maharashtra, G&B is a privately held company with a presence across 10 industries – from building complex and custom engineering solutions for critical industries like aerospace, defence, clean energy, railways and automotive to manufacturing branded goods.

Headquartered in Pirojshanagar at Vikhroli, Mumbai, India, Godrej and Boyce also offers products in Europe, U.S., Middle East, Africa and South East Asia.

Mr. Jamshyd Godrej is the company's chairman and managing director.

History

Godrej & Boyce's (G&B) was founded in 1897. G&B's story began as part of India's Swadeshi movement – the original 'Make in India' movement. Founded by Ardeshir Godrej (1868–1936), a serial innovator and inventor along with his brother Pirojsha Burjorji Godrej, who focused on manufacturing. They patented the world's first springless lock, built the first indigenously manufactured fire and burglar resistant safe in India, and later invented a process to make soap from vegetable oil.[4][5]

Pirojsha's son Naval Godrej laid the foundation for the urban township of Pirojshanagar in Vikhroli, Mumbai, where the company's global headquarters and key operations are located today.[4]

In Business Today B.K. Karanjia, in his book, Godrej: A Hundred Years, quotes a testimonial: A survivor of another fire in 1914 says of the family safe: "Being Godrej's, we were confident the papers [inside] would be found intact, but some of us had doubts about the safety of the pearls. On opening the safe, we were all agreeably surprised to see that the pearls were perfectly safe and as lustrous as before the fire." Even King George V and Queen Mary used a Godrej safe to store valuables on their 1911 India visit for the Delhi durbar.[6]

Sustainability

Godrej & Boyce aims to generate over 1/3rd of its overall revenues from environment friendly products. Apart from this, G&B has supported a skilling initiative called Disha for more than ten years.[4] As a part of its Good & Green strategy, the company focuses on three pillars:

  1. Ensuring employability
  2. Building a greener India
  3. Innovating for Good & Green Products

Godrej & Boyce Business Units

  • Godrej Aerospace
  • Godrej Appliances
  • Godrej Construction
  • Godrej Electrical & Electronics
  • Godrej Interio
  • Godrej Locking Solutions & Systems
  • Godrej Lawkim Motors
  • Godrej Material Handling
  • Godrej Precision Engineering
  • Godrej Process Equipment
  • Godrej Security Solutions
  • Godrej Storage Solutions
  • Godrej Tooling
  • Godrej Vending
  • Godrej Koerber
  • Godrej Infotech

Major subsidiaries and affiliates

  • Godrej Infotech Ltd.
  • Godrej Korber
  • Veromatic International B.V.
  • Godrej (Singapore) Pte. Ltd.
  • Godrej (Vietnam) Co. Ltd.
  • Godrej & Khimji (Middle East) LLC.
  • Godrej Americas Inc.

References

  1. 1 2 "Godrej Group headed for family split: Report". mint. 29 October 2021. Retrieved 2 November 2021.
  2. 1 2 Singh, Namrata (11 July 2015). "4th-gen Godrej ushers in new culture at G&B - Times of India". The Times of India. Retrieved 2 November 2021.
  3. 1 2 "Godrej Group's plan to split enters next stage - Times of India". The Times of India. 30 October 2021. Retrieved 2 November 2021.
  4. 1 2 3 "Godrej & Boyce looks to earn 1/3rd of revenue from green products". The Economic Times. PTI. 19 October 2021. Retrieved 10 November 2021.
  5. ↑ Noe, Raymond A.; Kodwani, Amitabh Deo. Employee Training and Development - SIE. Tata McGraw-Hill Education. p. 97. ISBN 9781259004728.
  6. ↑ "Godrej & Boyce products remain iconic".
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