MUMBAI: Godrej Industries on Wednesday outlined an ambitious five-year roadmap, targeting a market capitalization of Rs 5 lakh crore by 2031, supported by the launch of two new publicly listed platforms and strong double-digit growth across businesses.
Presenting the plan, Pirojsha Godrej, who will take over as group chairman in August this year, said the group aims for over 15% annual sales growth and more than 20% annual earnings per share (EPS) growth, while maintaining return on equity (ROE) of over 18% in each business in a steady state.
The vision also sets out the people and goals of sustainability. The Group targets employee engagement scores in the 85th percentile and aims to achieve 40% representation of women, LGBTQ and people with disabilities in its workforce by 2031.
In terms of sustainability, the company is seeking global leadership in ESG standards, including those defined by the Dow Jones Best-in-Class Sustainability Indices. It plans to achieve net zero emissions across Tier 1 and 2 by 2035, transition to a 100% greener portfolio by 2031, and build responsible supply chains by 2047.
Godrej also highlighted that Godrej Capital is expected to be the fastest growing business within the group over the coming years, underscoring its importance in the overall growth strategy.
The announcement coincided with the unveiling of a new brand identity, marking what the company described as a new phase following its 2024 restructuring.
Godrej, who will take over the reins of the group in August, said the strategy is rooted in combining the heritage of the 129-year-old Godrej Group with the agility of a new organisation. “We’ve come a long way … and we’re excited to share this important new chapter,” he said.
