April 23, 2014 12:31 PM ET

Industrial Conglomerates

Company Overview of Godrej & Boyce Mfg. Co. Ltd.

Company Overview

Godrej & Boyce Mfg. Co. Ltd., a conglomerate, engages in real estate, fast moving consumer goods (FMCG), industrial engineering, appliances, furniture, security, and agri care businesses. It offers refrigerators, washing machines, air conditioners, and microwave ovens; home and office furniture, mattress, home accessories, desking, modular furniture, seating, and storage furniture; FMCG products, such as confectionaries, health drinks, packaged tea, and processed food, and consumer products; engages in residential, commercial, and township developments; animal feed, oil palm plantation, agri-inputs, and poultry; and display solutions, audio video conferencing solutions, electronic copy board...

Pirojshanagar

Vikhroli

Mumbai,  400 079

India

Founded in 1897

Phone:

91 22 6796 5656

Fax:

91 22 6796 1518

Key Executives for Godrej & Boyce Mfg. Co. Ltd.

Chairman and Managing Director
Age: 64
President and Executive Director
Age: 67
Director of Finance
Age: 68
Chief Operating Officer
Age: 49
Executive Director
Age: 66
Compensation as of Fiscal Year 2013.

Godrej & Boyce Mfg. Co. Ltd. Key Developments

Godrej Group Mulls Acquisitions

Godrej & Boyce Mfg. Co. Ltd. (Godrej Group) will look at more acquisitions in consumer space, Adi Godrej, Chairman of Godrej Group, said. He said, “We keep looking for strategic acquisitions that fit into our 3/3 strategy, which spreads in three continents on the developing world and in three areas which we are strong are hair colour, household insecticides and personal wash. If there are good opportunities, then we will certainly look at them. Obviously, until we finalize and announce it first to the stock market, we cannot talk to the media.”

Godrej Security Solutions Launches Matrix Safe with I-Warn Technology

Godrej Security Solutions (GSS) unveiled its pioneering innovation- the Matrix safe with I-Warn technology. This is India’s first home safe that has an in-built vibration sensor that triggers off an alarm if it is being tampered with and sends instant SMS alerts or recorded voice messages to pre-registered phone numbers. The technology for the safe has been completely built in-house at GSS. The need to reliably secure one’s valuables and documents has increased significantly due to increased affluence, a rise in the number of nuclear families and time spent out of home. This is where the Matrix safe with I-Warn technology steps in. It enables a home owner to be alerted about an attack on the safe via his mobile. The Matrix Safe with I-Warn feature is available across multi-trade outlets and showrooms across the country.

Godrej In Talks To Acquire Two Companies Each In Italy And India

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.

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