The Mumbai-based billionaire said he will step down as chairperson of the US$6.1 billion-revenue Godrej Industries Group upon turning 75 in August, after which he will assume the role of chairman emeritus, according to Forbes.
The move advances a leadership transition at the diversified group, which has interests in agribusiness, consumer goods, chemicals and real estate.
Nadir Godrej, chairman of Godrej Industries Group, attends the Mumbai Climate Week in Mumbai, India, February 18, 2026. Photo by Reuters |
Pirojsha, son of Nadir’s older brother Adi and currently chairman of Godrej Properties, will succeed him.
Meanwhile, Nadir’s son Burjis Godrej, an executive director at Godrej Agrovet, will become chairman of the animal feeds and crop protection business and join the board of Godrej Industries as a non-executive director, the Mumbai-listed company said in an announcement, as reported by The Economic Times.
“It has been a privilege to serve the Godrej Industries Group over several decades and to work alongside exceptional colleagues who have built this institution with integrity and purpose,” Nadir said in the statement.
“I am confident that the group will continue to grow from strength to strength under the next generation of leadership, while remaining deeply anchored in its values.”
Nadir, who holds a chemical engineering degree from MIT, a master’s in chemical engineering from Stanford University and an M.B.A. from Harvard Business School, joined the family business more than 40 years ago.
Since becoming chairman in 2021, he has overseen the expansion of the group, which comprises four listed companies: Godrej Consumer Products, Godrej Industries, Godrej Properties and Godrej Agrovet. They have a combined market value of about $21 billion as of mid-April.
Pirojsha has led Godrej Properties since 2017, when he succeeded his father Adi Godrej, who became chairman emeritus of the property firm that year. His sister Nisaba chairs Godrej Consumer Products.
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Pirojsha Godrej, chairman of Godrej Properties. Photo courtesy of the company |
“This moment is both a responsibility and a privilege,” Pirojsha, chairperson-designate of Godrej Industries Group, said. “We inherit a remarkable legacy built over generations, and our task now is to build on it with ambition while staying true to the values that define us.”
Nadir has an estimated net worth of $4.2 billion, placing him among India’s richest individuals, according to Forbes’ real-time data. His brother Adi is also a billionaire, with a net worth of about $4.1 billion, and serves as chairman emeritus of Godrej Industries.
The Godrej brand is widely recognized in India for a range of everyday consumer goods, including locks, furniture and home appliances such as refrigerators and washing machines.
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