Indian - Businessman | April 3, 1942 -
We own only a small percentage in Omnivore, but we manage it. It is basically a venture capital fund to help newer enterprises and provide them with the funding they require in their early stages of development.
Adi Godrej
SmallHelpEarlyDevelopmentOwn
We started the 10/10 objective in 2011, and that time, our turnover was about Rs. 15,000 crore. We would like to have a turnover of Rs. 1,50,000 crore by 2021. This will be through high growth in domestic and international operations as well as through acquisitions.
GrowthTimeWillHighOperations
We have a company, Geometric Software, which is into engineering services software. We have a company called Nature's Basket, which is into gourmet retailing. Both are specialized companies.
NatureEngineeringSoftwareCompany
We are not into financial services, and we are not interested also because we find we are better in branded marketing enterprises.
FinancialBetterMarketingFind
Our expectation is that by 2050, which is a long time away, India will be the largest economy in the world, overtaking both the U.S. and China.
TimeWorldLongIndiaLong Time
There are too many politicians in the world and too few statesmen.
WorldPoliticiansManyFewToo
A good monetary policy follows inflationary expectations and not historical numbers.
GoodExpectationsNumbersHistorical
From our group, we've had joint ventures with a lot of international companies: Procter & Gamble, General Electric, Sara Lee, currently with Hershey's and Tyson. We've learned a lot of the best practices.
BestGroupGeneralOurLearned
If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down.
DownCreateWillOilHighInflation
We find it much better not to try and take the Godrej brand across, but use very strong brands we have acquired in different geographies and push them.
StrongBrandBetterPushFindTry
We have very strong succession plans across all group companies. But we do not comment on it. The retirement age is 60 years, but it does not apply to family professionals who work in the business.
WorkFamilyBusinessAgeStrong
The Godrej group is expanding rapidly. However, we are not diversifying much.
GroupExpandingMuchHoweverRapidly
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