While two Godrej Group companies that manufacture soaps and edible oil are listed, Godrej & Boyce is still privately held. And, it is the jewel of the Group with its FY07 turnover close to Rs 3,000 crore and profit of over Rs 100 crore.
The company is also looking at a turnover of Rs 4,500 crore this financial year, of which the appliances division is expected to contribute close to Rs 1,400 crore.
An industrial house bred in old-school manufacturing values, Godrej & Boyce has displayed unusual agility to become a trusted builder of advanced weaponry, discovers Ajai Shukla.
Godrej & Boyce will invest Rs 100 crore (Rs 1 billion) to set up a refrigerator manufacturing facility near Pune and expects to clock a turnover of more than Rs 1,000 crore (Rs 10 billion) in the current fiscal.
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