Adi Godrej
Adi Godrej
Adi Burjorji Godrej, is an Indian industrialist and businessman, head of the Godrej family, and chairman of the Godrej Group. As of 2015, he is the 405th richest person in the world with a net worth of US$4.0 billion...
NationalityIndian
ProfessionEntrepreneur
Date of Birth3 April 1942
CountryIndia
Adi Godrej quotes about
There are too many politicians in the world and too few statesmen.
acquire fit human market matches opportunity
There must be an opportunity that matches with our strategy. Just because we have a gap, we don't want to go and acquire anything and everything. What we acquire should fit in with our strategy, human resources and market expectations.
prices regime
You can't have a regime which continuously subsidizes things; as inflation rises, you keep prices of certain things unchanged.
governance
Corporate governance should be done more through principles than rules.
board
I'm not too involved in day-to-day matters. I only supervise at the board level.
handed lee sold
We were licencees of Sara Lee Corp's air freshener brand Ambi Pur, which they sold to Procter and Gamble. So we handed it over to Procter and Gamble. Now we will introduce our own brand of air freshener.
branded interested
We are not into financial services, and we are not interested also because we find we are better in branded marketing enterprises.
domestic objective operations time
We started the 10/10 objective in 2011, and that time, our turnover was about Rs. 15,000 crore. We would like to have a turnover of Rs. 1,50,000 crore by 2021. This will be through high growth in domestic and international operations as well as through acquisitions.
acquired brands
We find it much better not to try and take the Godrej brand across, but use very strong brands we have acquired in different geographies and push them.
acquire developing estimate
When we acquire businesses in the developing world, we estimate if the growth opportunities are strong.
rapid rate
When you are growing at a rapid rate, there is bound to be some inflation. I think a 5% rate of inflation is something that we should take in our stride.