Godrej & Boyce Mfg Co Ltd

Rating: 2.1/5 (24 votes cast)

The Company celebrated its centenary in 1997. In 1897 a young man named Ardeshir Godrej gave up law and turned to lockmaking. Ardeshir went on to make safes and security equipment of the highest order, and then stunned the world by creating toilet soap from vegetable oil. His brother Pirojsha Godrej carried Ardeshir's dream forward, leading Godrej towards becoming a vibrant, multi-business enterprise. Pirojsha laid the foundation for the sprawling industrial garden township (ISO 14001-certified) now called Pirojshanagar in the suburbs of Mumbai. Godrej touches the lives of millions of Indians every day. To them, it is a symbol of enduring ideals in a changing world.


Incorporation
Established in 1897, the Company was incorporated with limited liability on March 3, 1932, under the Indian Companies Act, 1913.


Combined Sales - Subsidiaries and Affiliates
The Company is one of the largest privately-held diversified industrial corporations in India. The combined Sales (including Excise Duty) of the Company, its subsidiaries and affiliates, during the Fiscal Year ended March 31, 2006, amounted to about Rs. 58,000 million (US$ 1,270 million).


Board of Directors
J. N. Godrej (Chairman and Managing Director), A. B. Godrej, N.B. Godrej, V. M. Crishna, K. N. Petigara, B. A. Hathikhanavala, F.P. Sarkari, P. D. Lam, K. A. Palia and P. P. Shah.


Shareholders
Since its inception, the Company is controlled by the GODREJ family based in Mumbai, India. Its shares are not listed on any Stock Exchange. About one-fourth of the Company's share capital is held by Pirojsha Godrej Foundation, a public charitable trust.


BRANCHES (SALES & SERVICE) AND BRANDED RETAIL CHAIN (GODREJ LIFESPACE)

MUMBAI, Ahmedabad, Bhopal, Indore, Jabalpur, Pune, Raipur

NEW DELHI, Chandigarh, Faridabad, Ghaziabad, Jaipur, Kanpur, Lucknow, Noida

CHENNAI, Bangalore, Coimbatore, Hyderabad, Kochi, Pondicherry, Trivandrum, Visakhapatnam

KOLKATA, Bhubaneswar, Guwahati, Ranchi, Patna

The Company has a network of 38 Company-owned Retail Stores, more than 2,200 Wholesale Dealers, and more than 18,000 Retail Outlets.
The Company has Representative Offices in Sharjah (UAE), Nairobi (Kenya), Colombo (Sri Lanka), Riyadh (Saudi Arabia) and Guangzhou (China-PRC).


Employees
9,300 (including 2,000 in Sales and Service)

Bankers:
CENTRAL BANK OF INDIA, Mumbai 400 023
UNION BANK OF INDIA, Mumbai 400 021
CITIBANK N.A., Mumbai 400 051
ICICI BANK LTD., Mumbai 400 021
STATE BANK OF PATIALA, Mumbai 400 021
UTI BANK LTD., Mumbai 400 001


Statutory Auditors
KALYANIWALLA & MISTRY, Chartered Accountants
127 Mahatma Gandhi Road, Mumbai 400 023

Sales (Unconsolidated)
Sales including Excise Duty (Fiscal Year 2005-06): Rs. 22,177 million (US$ 485 million)
 

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