A quiet Godrej billionaire gifts all riches to relatives

Naoroji, 72, is simply a third-generation subordinate of the Godrej concern household and a relative of Adi, Nadir and Jamshyd Godrej, and Smita Godrej Crishna.

Naoroji owns shares successful 4 of the 5 listed Godrej companies—Godrej Agrovet, Godrej Consumer, Godrej Properties and Godrej Industries -totalling astir ₹7,050 crore arsenic connected 1 May. He besides owns stakes successful unlisted companies crossed the group.

His shares volition beryllium transferred to the 2 branches of the family, proportionate to their realigned holding successful these companies, according to the enforcement mentioned above.

Naoroji's acquisition comes connected the backmost of household members agreeing to disagreement the concern among themselves and the 127-year-old radical making it authoritative connected Tuesday.

Son of Kaikhushru and Dosabai, Naoroji is an avid conservationist, who has stayed distant from actively managing the Godrej radical businesses. An lone lad to his parents and the youngest successful his generation, helium has nary nonstop descendants.

One of the wealthiest Indians, Naoroji owns stakes crossed radical companies that volition signifier portion of the present bifurcated Godrej Enterprises Group and Godrej Industries Group.

An email seeking comments from Naoroji sent connected Wednesday remained unanswered till property time.

An unorthodox billionaire—Forbes estimates his nett worthy astatine $3.8 billion—Naoroji near the day-to-day absorption of the Godrej concern to his cousins. Instead, helium spent his years successful nature, pursuing his passionateness for birds of prey.

After graduating from Mumbai’s HR College of Commerce and Economics, Naoroji moved to studying and photographing raptors crossed the satellite and contributing to their conservation.

Also read: Godrej radical could spot commencement of different spot developer

In 2006, helium authored a publication called Birds of Prey of the Indian Subcontinent that covers astir 70 taxon of raptors. In 2011, helium founded the Raptor Research and Conservation Foundation successful Mumbai.

A subordinate of the Parsi community, Naoroji has described himself successful the past arsenic an atheist. He has remained unmarried, and has reportedly said helium does not judge successful the instauration of marriage.

The transportation of Naoroji’s shareholdings to his kin comes astatine a clip erstwhile the wider Godrej radical is bifurcating on household lines to align with their differing visions for the conglomerate.

Families of siblings Jamshyd Godrej and Smita Godrej Crishna volition instrumentality power of Godrej Enterprises Group, which volition see unlisted Godrej and Boyce. The institution has interests successful aerospace, aviation, defence, engines and motors, construction, furniture, and bundle and IT, among different things. It besides controls the Godrej family’s onshore parcel successful the Vikhroli suburb of Mumbai that is estimated to span 3,000 acres.

Nyrika Holkar, the girl of Crishna, volition beryllium the fourth-generation concern person of this faction and volition win uncle Jamshyd Godrej.

Families of brothers Nadir and Adi Godrej volition signifier Godrej Industries Group (GIG) that volition beryllium chaired by Nadir. He is to beryllium succeeded by nephew Pirojsha Godrej successful August 2026.