Godrej & Boyce to Invest ₹7,500 Crore Over Next Three Years.

Godrej & Boyce plans to invest over ₹7,500 crore over the next three years as part of its efforts to enhance technological capabilities and foster design-led innovation. The holding company of the Godrej Enterprises Group (GEG) aims to strengthen its consumer, nation-building, and future-first business segments.

Jamshyd Godrej, Chairman and Managing Director of GEG, revealed that Godrej & Boyce is expected to achieve ₹18,000 crore in revenue by FY25, with contributions of ₹5,000 crore from the appliances business and ₹3,500 crore from Godrej Interio. The group has been growing at an annual rate of 15-20%, a trend it expects to continue.

While there are no immediate plans for a public listing of Godrej & Boyce, Godrej did not entirely rule out the possibility in the future. “Nothing will happen in the immediate future, but to say that nothing will ever happen is not correct,” Godrej said at an event unveiling the group’s new branding and logo.

The decision to keep Godrej & Boyce unlisted has been driven by the group’s ability to manage growth through internal accruals, even for large investments. “We are managing that… a time may come when we may want to list, but nothing has been decided yet,” Godrej added.

Around 60% of the group’s revenues come from its consumer business, which will remain a key area of focus.

On the future strategy of the Godrej Industries Group and GEG, Godrej suggested that it was unlikely that either group would encroach on each other's businesses after the expiration of their non-compete period. The two groups, which split in May, are led by different branches of the Godrej family—Adi and Nadir Godrej head Godrej Industries Group, while Jamshyd Godrej and Smita Crishna lead GEG.

GEG will focus on three key clusters: the consumer business, a nation-building cluster (including aerospace, defence, and advanced engineering), and a future-first cluster (encompassing battery storage and green energy solutions). Executive Director Nyrika Holkar emphasized that both clusters will receive significant investments, with the nation-building cluster expected to grow rapidly due to government infrastructure initiatives and policies.

“We are focusing on both clusters for investment and capital allocation,” Holkar said, noting that research and development would also receive substantial funding.

Godrej highlighted that the growth of infrastructure and engineering sectors would depend on government contracts and policies. He noted that since the government has shown a greater willingness to collaborate with the private sector, these businesses have seen steady growth, with some segments expanding faster.

Additionally, GEG unveiled a new logo and brand identity featuring a bold purple shade, retaining a cursive signature reminiscent of the founder Pirojsha Godrej. This brand repositioning is expected to strengthen its presence across both B2B and B2C segments.

With these strategic investments, Godrej & Boyce aims to drive innovation and growth across its diverse business units, contributing to the group’s long-term success.

HBL