Industrial Conglomerates
Company Overview of Godrej & Boyce Mfg. Co. Ltd.
Company Overview
Pirojshanagar
Vikhroli
Mumbai, 400 079
India
Founded in 1897
Key Executives for Godrej & Boyce Mfg. Co. Ltd.
Godrej & Boyce Mfg. Co. Ltd. Key Developments
Godrej & Boyce Mfg. Co. Ltd. through its subsidiary Godrej Interio is looking forward to acquire two companies each in Italy and India. Godrej Interio is in talks with two companies in Italy that specialize in design and technology, with estimated revenue of INR 2billion each, for possible buyout, Anil Mathur, Chief Operations Officer said. “Acquisition of an Italian design or technology firm will help the company is expanding product offerings, which in turn will boost our consumer business,” Anil Mathur said. Godrej is looking for acquisitions in India to boost manufacturing capacity in the northern and southern regions of the country, where it does not have a strong presence. “We are also negotiating with two companies in India, one based in the northern region and the other in the south. These are small companies with turnover not exceeding INR1 billion,” Anil Mathur added. Godrej is expected to announce at least one deal next quarter of 2013. Godrej have room to fund acquisitions on its own and could avail of funds from Godrej & Boyce Mfg. Co. Ltd if required.
Godrej & Boyce Mfg. Co. Ltd. entered into a refrigerator technology partnership with BSH Bosch und Siemens Hausgeraete GmbH of Germany. A new line of energy efficient refrigerators will be developed under the partnership and the refrigerators will be manufactured at a Godrej plant in Shirwal, near the Indian city of Pune. Both companies will sell the refrigerators, each under its own brand names. In addition to India, the appliances will be marketed in the Asia Pacific nations, in the Middle East, and in Africa.
Godrej Locking Solutions and Systems is set to expand its business in the Middle East via partnerships or joint ventures. Godrej Locks is expected to triple its business in the UAE by 2015. In a bid to strengthen its footprint and expand distribution in the region, the company has appointed Shama Traders and Sabano Trading to promote its innovative and high-performance hardware products. The partnership is expected to give Godrej Locks access to over 300 plus retailers across the country. The company's turnover is aimed to reach 10 million in the next five years, while the estimated turnover in the UAE is estimated to touch 500,000 in 2013. Godrej Locks is expanding in Saudi Arabia, Bahrain, Qatar, Oman, Kuwait, Morocco and is close to ventures in new markets like Tunisia, Yemen and Egypt.
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To contact Godrej & Boyce Mfg. Co. Ltd., please visit www.godrej.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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