Godrej Enterprises Group to intensify focus on exports to strengthen its global presence
Godrej Enterprises Group (GEG) will intensify its focus on exports to strengthen its global presence, while continuing to aggressively pursue growth in both consumer and industrial businesses within India, its chairman Jamshyd Godrej said in an exclusive interaction with ET on Thursday.
«We would like to deepen whatever we do in appliances and furniture as well as in our industrial group… We do see a good amount of growth in export-both for our consumer-facing goods as well as our industrial group,» Godrej said. «We are actively expanding into new markets like automotive, warehousing, security and aerospace. Despite geopolitical challenges, we remain committed to sustained growth through diversification and geographic expansion,» he added.
The group's exports have steadily increased to ₹139 crore in FY24 and are projected to grow at a compound annual growth rate (CAGR) of 20-25% till FY27, Godrej said. «Our strong international presence, primarily in the PED (process equipment division) business, drives this growth,» he said.
«We are constantly trying to promote all our businesses to go as global as they can,» Godrej said. «There is good scope for us to grow, both in India and abroad.» The Godrej group was split between two sets of cousins earlier this year into GEG and Godrej Industries Group (GIG), run by brothers Adi and Nadir Godrej.
The group is controlled by Jamshyd Godrej and his niece (daughter of his sister Smita Crishna) Nyrika Holkar who is its executive director along with their immediate families.
