Mumbai, May 2 -- The Godrej family on Wednesday announced a strategic split of its conglomerate, setting the stage for the creation of two distinct entities: Godrej Enterprises and Godrej Industries, media reports said.

As outlined in a recent filing, this restructuring is contingent upon regulatory approvals, with both entities retaining the prestigious Godrej brand.

Under this realignment, Godrej Enterprises Group (GEG) will be led by 75-year-old Jamshyd Godrej, who will assume the roles of Chairperson and Managing Director.

Joining him in leadership is his niece Nyrika Holkar, appointed as Executive Director. GEGs diverse portfolio encompasses aerospace, aviation, defense, and liquid engines, among other sectors.

With a rich legacy...