Sought external advice for future strategy, says Godrej

Sought external advice for future strategy, says Godrej

Media reports had highlighted serious differences between one side led by Godrej Group chairman Adi Godrej and his brother Nadir Godrej

AgenciesUpdated: Thursday, June 27, 2019, 10:07 PM IST
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Ron Somers President, U.S.-India Business Council, Adi Godrej, President CII and Ajay Banga Chairman, USIBC and President & CEO, MasterCard addressing at the CII-USIBC Leadership Roundtable : exclusive Press Conference : "Getting to $500 Billion: Charting the Next Phase of the India-U.S. Economic Relationship" in Mumbai. |

Mumbai: Gordrej group promoters said they have sought advice from external partners to help them plan future strategy, amid reports of rift between family patriarchs over long-term planning and utilisation of a prime land parcel in Mumbai.

Media reports had highlighted serious differences between one side led by Godrej Group chairman Adi Godrej and his brother Nadir Godrej and the other led by his cousins Jamshyd Godrej and Smitha Godrej Crishna.

"We have been working on a long-term strategy plan for the group for several years. As part of this exercise, we have sought advice from external partners to help us think through options," Adi Godrej and Jamshyd Godrej said in a terse statement.

"The family regrets the sensationalist media coverage of these normal and private family discussions," they added without commenting on the specific issues highlighted in the reports.

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