SUBBMITED BY:Name:- Savaliya Sagar En. No:-097360592111 Subject:-Business Ethics & Corporate Governance N.R Vekaria Institut of Business Mngt Study Topic:- Adi Godreg

Adi Godrej

Adi GodrejBorn Residence 3 April 1942 (age 69) Mumbai

Nationality Indian Alma mater Massachusetts Institute of Technology Occupation Net worth Religion Spouse Children Chairman of Godrej Group, Chairman of Indian School of Business $7.3 billion (2011)[1] Zoroastrianism Parmeshwar Godrej 3

Adi Godrej is an Indian industrialist and philanthropist. As of 2011, he is one of the richest Indians with net worth of US$7.3 billion. He is also the second richest person of Parsi descent in the world after Pallonji Mistry.

CareerGodrej received his undergraduate degree from MIT and his MBA from the MIT Sloan School of Management, and a member of Tau Beta Pi. After his return to India, he joined the family business. He modernized and systematized management structures and implemented process improvements. Adi Godrej took the Godrej Group to great height during controlled economy era. After the liberalization process, Adi Godrej restructured company's policies to meet the challenges of globalisation. In the early 2000s, the Group completed a 10-year restructuring process through which each business became a stand-alone company with a CEO/COO from outside the Godrej family. Under Adi Godrej's leadership, the group is also involved in philanthropic activities. Godrej is major supporter of the World Wildlife Fund in India, it has developed a green business campus in the Vikhroli township of Mumbai, which includes a 150-acre (0.61 km2) mangrove forest and a school for the children of company employees.

Adi Godrej

Adi Godrej is the Chairman of the Godrej Group and several entities that are part of one of Indias leading conglomerates. These include Indian companies like Godrej Industries, Godrej Consumer Products, Godrej Properties as well as international companies such as Keyline Brands U.K and Rapidol South Africa. In his capacity as Chairman, he also presides over the Groups joint venture company Godrej Hershey. He is also the Chairman of The Board of Trustees of the Dadabhai Naoroji Memorial Prize Fund.

As a Director of numerous firms, including Godrej & Boyce, Godrej Agrovet, Godrej International and Godrej Global MidEast FZE he is responsible for shaping the long term strategy for these organizations and driving a focus on value creation.

Over the last five decades Adi has played an important role in the development of a variety of industries by leading key organizations of trade and commerce as the former Chairman and President of the Indian Soap & Toiletries Makers Association, the Central Organisation for Oil Industry and Trade, the Solvent Extractors Association of India, the Compound Livestock Feeds Manufacturers Association, the Indo-American Society and as member of the Governing Board of the National Council of the Confederation of Indian Industry.

Adi has also participated actively in the field of management education as a former Chairman of the Governing Council of the Narsee Monjee Institute of Management Studies, as a former member of the Deans Advisory Council of the MIT Sloan School of Management and the Wharton Asian Executive Board. Adi is a member of Tau Beta Pi (The Engineering Honor Society) and also serves as a member of the Governing Board of the Indian School of Business.

For his contribution to Indian industry Adi has been the recipient of several awards and

recognitions including the Rajiv GandhiAward2002. Adi received his undergraduate and Masters degree in management from the Massachusetts Institute of Technology. He lives in Mumbai, India. Adi is married, and has three children and two grandchildren.

Chemicals We are Indias leading manufacturers of oleo chemicals and over hundreds of different industrial chemicals. With our global reach spreading wings across 40 countries, we were conferred the prestigious exports award by Chemexcil for 3 consecutive years in 1998-99, 1999-00 and 200001.The products in our portfolio are used in a variety of applications: cosmetics, tyres, detergents, pharmaceuticals, cigarettes, toothpaste and more. Godrej continues its century old tradition of innovation with the manufacture of oleochemicals for the first time in India (Since 1963). Godrej Industries (Chemicals Division) is the market leader in a range of Oleochemicals in India. It is also the market leader in the product category of Alpha olefin Sulphonate. It is also a major player in the field of Glycerin & Surfactants such as Sodium Lauryl Sulphate (SLS) and Sodium Lauryl Ether Sulphate (SLES). Godrej Industries (Chemicals Division) exports its products to more than 60 countries.

Associate Companies

Godrej Properties

Godrej Properties was incepted in 1990 with an aim of providing ultra-modern townships to discerning customers at affordable prices. It adheres to a simple philosophy of providing exemplary service based on the optimal use of available resources. Godrej.com Godrej Industries About Chemicals Division

Godrej continues its century old tradition of innovation with the manufacture of oleochemicals for the first time in India (Since 1963). Godrej Industries (Chemicals Division) is the market leader in a range of Oleochemicals in India. It is also the market leader in the product category of Alpha olefin Sulphonate. It is also a major player in the field of Glycerin & Surfactants such as Sodium Lauryl Sulphate (SLS) and Sodium Lauryl Ether Sulphate (SLES). Godrej Industries (Chemicals Division) exports its products to more than 60 countries

Godrej Consumer Products Godrej Consumer Products is a major player in the Indian FMCG market with a huge portfolio of products in the form of personal, hair, and household & fabric care segments. With 3 state-of-art manufacturing facilities at Malanpur (MP), Guwahati (Assam) and Baddi (HP), this division employs 950 people across these industrial plants.

Godrej Hershey Godrej Hershey is one of the most respected business conglomerates established in 2006 with a prime focus on the food division. The range of products from the house of Godrej Hershey covers a number of popular products in the segment of Confectionery, Non Carbonated Beverages, Cooking Aids, Packet Tea and Edible Oil.

Godrej Agrovet Godrej Agrovet, formerly a division of Godrej Soaps Ltd. was reformed in 1971 with a focus on the agricultural sector. Over the years this division has developed a close relationship with farmers with its innovative offerings in the form of animal feed, oil palm plantations, agrochemicals and poultry.

Corporate governance on principles: Adi GodrejMumbai , Oct. 7 AN executive board of 10 young managers who look at issues such as strategy, corporate governance and human resource development will report their findings once a quarter to the regular company board. This is one of the many initiatives to improve corporate governance in India today; at least in the Godrej Group, according to Mr Adi Godrej, Chairman, Godrej Group. It is important that corporate governance be principle-based rather than rule-based. This is essential since principles are harder to `get around' compared to rules. "In trying times, the temptation to seek loopholes in the rules remains large. However, with principle-based corporate governance, the quality of governance is as robust as the principles," said Mr Godrej. Mr Godrej was addressing the 32nd national convention of company secretaries in Mumbai on Thursday. There is no strategy more important for company secretaries than improving the corporate governance in companies that they work for, Mr Godrej said. "The present crisis of confidence on corporate leadership owes its origin to the failures of seemingly infallible corporations like Enron, Arthur Andersen, Tyco, Worldcom etc. The recent US mutual fund problems have further added to the interest,'' he said. Mr Godrej emphasised that corporate governance is not just another management or social fad, but is the ultimate management tool. "Good corporate governance is a very rewarding journey for those who choose the right path," he said.

TIMELINE 1897 Godrej & Boyce Mfg. Co. Ltd established 1918 Godrej Soaps Limited incorporated 1961- Godrej Started Manufacturing Forklift Trucks in India 1971- Godrej Agrovet Limited began as an Animal Feeds division of G o d r e j Soaps 1974 Veg oils division in Wadala, Mumbai acquired 1990 Godrej Properties Limited, another subsidiary, established 1991 Foods business started 1991 Godrej Agrovet Limited incorporated 1994 Transelektra Domestic Products acquired 1995 Transelektra forged a strategic alliance with Sara Lee USA 1999 Transelektra renamed Godrej Sara Lee Limited and incorporatedGodrej Infotech Ltd. 2001 Godrej Consumer Products was formed as a result of the demerger o f Godrej Soaps Limited. Godrej Soaps renamed Godrej Industries Limited 2002 Godrej Tea Limited set up 2003 Entered the BPO solutions and services space with Godrej G l o b a l Solutions Limited 2004 Godrej HiCare Limited set up to provide a Safe Healthy Environment tocustomers by providing professional pest management services

2006 Foods business was merged with Godrej Tea and Godrej Tea renamed Godrej Beverages & Foods Limited 2007 Godrej Beverage s & Foods Limited formed a JV with The H e r s h e yC o m p a n y o f N o r t h A m e r i c a a n d t h e c o m p a n y w a s r e n a m e d G o d r e j H e r s h e y Foods & Beverages Limited 2008 Godrej relaunched itself with new colourful logo and a fresh i d e n t i t y music CORPORATE DETAILS Adi Godrejis the current Chairman of the Godrej Group. Godrej & Boyce Mfg. Co. Ltd.Is headed by Mr. Jamshyd Godrej. The Group revenue was approximately US$ 1.7 billionin financial year 06/07. Godrej Interio is the flagship company of the group.The Godrej group can be broadly divided into two major holding companies, workingindependently:1.Godrej Industries Ltd 2.Godrej & Boyce Mfg. Co. Ltd.The Major Companies, subsidiaries and affiliates are CHEMICAL & COMMODITIES Godrej Industries Chemicals Veg Oils FMCG Godrej Consumer Products Keyline Brands UK Rapidol South Africa Godrej Global Mideast FZE

Godrej SCA Hygiene Limited Godrej Hershey Foods & Beverages Limited Nutrine Godrej Sara Lee AGRI Godrej Agrovet Animal Feeds Goldmohur Foods and Feeds Golden Feed Products Higashimaru Feed Products Oil Palm Agri Inputs Godrej Aadhaar Natures Basket Integrated Poultry Business Plant Biotech SERVICES Godrej HiCare (Pest Management Services) Godrej Global Solutions (ITES)

CORPORATE GOVERNANCE ACCORDING TO OPPORTUNITIES FOR LEARNING GROWTH:The work culture in Godrej supports learning at every stage of y o u r w o r k l i f e . Opportunities in learning are available in the technical, functional, behavioural, generalmanagement and leadership areas through options like EDPs (Executive DevelopmentProgrammes), MDPs (Management Development Programmes), Elearning and On theJob exposure to International Practices.R e s p e c t a n d r e c o g n i t i o n o f p e r f o r m a n c e i s a n i n e x t r i c a b l e p a r t o f o u r w o r k c u l t u r e . Consistent performance becomes the benchmark for growth opportunities, job rotations,remuneration, reward and recognition. We provide equal opportunities to our employeesto grow both horizontally & vertically through cross functional, cross business and crosslocation job rotations. This gives immense opportunities to professionals to add value tothem and to satisfy their career aspirations.

EMPLOYEE CARE:We believe in the philosophy of holistic employee care. We not only take care of thee m p l o ye e s b u t o f t h e i r f a m i l i e s a s w e l l . T a k e a g l i m p s e o f t h e f a c i l i t i e s a n d w e l f a r e activities provided for our employees & their families at Vikhroli campus

CSR ACTIVITIES OF GODREJAS PER