Introduction :-
From its inception in 1897, Godrej has navigated the tides of time with a steadfast commitment to its core values. Founded by Ardeshir and Pirojsha Godrej, the company began as a modest lock-making business in Mumbai.
However, what set it apart from the very beginning was its unwavering dedication to quality craftsmanship and ethical practices. These values continue to form the bedrock of Godrej’s identity.
In a resounding testament to its steadfast commitment to progress, the stalwart Fast-Moving Consumer Goods (FMCG) magnate, Godrej Consumer Products Limited (GCPL), has orchestrated a strategic alliance with the Tamil Nadu government.
This epoch-making Memorandum of Understanding (MoU) is poised to pave the way for the emergence of a cutting-edge manufacturing edifice, a testament to the firm’s unwavering dedication to innovation and development.
This transformative collaboration comes replete with an investment infusion of Rs 515 crore, strategically apportioned over the forthcoming quintet of years.
In a regulatory declaration that echoes the heralding of this monumental venture, GCPL enunciates its visionary plan.
The nucleus of this endeavor resides in the establishment of a state-of-the-art manufacturing enclave, an architectural marvel destined to grace the landscape of Thiruporur Taluk, nestled in the embrace of the Chengalpattu District, Tamil Nadu. Projections illuminate that the fabrication of this innovative bastion of industry shall commence crystallizing into reality within a span of 18 to 36 months.
List of Board of Director :-
Nisaba Godrej Executive Chairperson
Sudhir Sitapati Managing Director and CEO
Ireena Vittal Lead Independent Director
Narendra Ambwani Independent Director
Omkar Goswami Independent Director
Pippa Tubman Armer Independent Director
Ndidi Nwuneli Independent Director
Sumeet Narang Independent Director
Nadir Godrej Non-executive Director
Pirojsha Godrej Non-executive Director
Tanya Dubash Non-executive Director
Jamshyd N Godrej Non-executive Director
August 7 has been a turning point for Godrej Consumer Products, as it revealed its consolidated net profit figures for the April-June quarter of FY2024.
This valued revelation highlights a significant shortfall, with the company’s net profit witnessing a 7.6 per cent decline. The financial canvas grew from a robust Rs 345.12 crore in the corresponding quarter of the previous financial year to Rs 318.82 crore in Q1 FY24.