Nis­aba Go­drej

Go­drej Co­sumer sees a 20-fold rise in mar­ket-cap un­der the Go­drej fam­ily scion.

Business Today - - CONTENTS - By NEVIN JOHN

In May, Adi Go­drej an­nounced the suc­ces­sion in the flag­ship com­pany of the $4.1 bil­lion Go­drej group, Go­drej Con­sumer Prod­ucts (GCPL), nam­ing his sec­ond daugh­ter, Nis­aba, as the ex­ec­u­tive chair­man. The 39-year-old broke the glass ceil­ing in the 120-year-old di­ver­si­fied con­glom­er­ate af­ter work­ing as the key ar­chi­tect of GCPL’s strat­egy and trans­for­ma­tion in the last decade. “I have worked closely with her and seen her de­liver tremen­dous re­sults,” said Adi Go­drej.

Nis­aba joined GCPL in 2007 and launched “Project Leapfrog” for ac­cel­er­at­ing do­mes­tic growth through in­no­va­tion and con­sol­i­da­tion. The com­pany, un­der her, ex­panded its in­ter­na­tional port­fo­lio through ac­qui­si­tions in the UK, In­done­sia, Latin Amer­ica and Africa. Al­most half the rev­enue comes from abroad. Dur­ing the pe­riod, GCPL’s mar­ket value in­creased 20-fold to over ` 60,000 crore. But Nis­aba be­lieves that the “best days are yet to come”. In the last fi­nan­cial year, GCPL posted a 10 per cent rise in in­come to ` 9,608.08 crore de­spite de­mon­eti­sa­tion and mar­ket slug­gish­ness. Prod­uct launches were an­other key to the growth of the com­pany. Nis­aba has also been cred­ited with in­sti­tu­tion­al­is­ing de­sign-driven think­ing. ~

NIS­ABA GO­DREJ Ex­ec­u­tive Chair­per­son, Go­drej Con­sumer Prod­ucts

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