Adi Godrej to step down as Chairman of Godrej Industries on Oct 1

Nadir Godrej, who is currently Managing Director of GIL, will take over as Chairman and Managing Director of the company

Renowned industrialist Adi Godrej will step down as Chairman of Godrej Industries Ltd (GIL) on October 1, and his younger brother, Nadir Godrej, currently the GIL Managing Director, will succeed him, it was announced on Friday.

Adi Godrej, 79, will also step down from the GIL Board of Directors but will continue to serve as the Chairman of the Godrej Group and also as GIL Chairman Emeritus, while Nadir Godrej, 69, will become the Chairman and Managing Director at the Mumbai-headquartered GIL, as per the company.

In his comments on the developing, the outgoing Chairman said that it was a "privilege to