Nisaba Godrej: Changing the Face of Business with Women-Friendly Practices
Nisaba Godrej, daughter of Adi Godrej, the founder of Godrej Group, is the chairman of Godrej Consumer Products Limited, with a net worth of around Rs 1200 crore as of 2023. After taking over the position from her father in 2017, she implemented many changes beneficial to the company that generates revenue of Rs 42,500 crore. Under her leadership, the company has broadened its product line, increased revenue, and changed its workplace culture to be more welcoming to women. The company now provides choices for working from home, time flexibility, and an initiative to assist women who are making a comeback in the workforce. In addition to that, the company supports its employees who identify as LGBTQ+.
Nisaba is making a name for herself in the business sector with her innovative strategies and women-friendly practices. Her efforts have not gone unnoticed, and she has been recognized as the youngest chairman of the company by Forbes. She completed her undergraduate studies at the Wharton School of the University of Pennsylvania in 2000 and earned her MBA from Harvard Business School. She is married to Kalpesh Mehta, the founder of Tribeca Developers and they have two children together.
Recently, Godrej Consumer Products Ltd. (GCPL) agreed to purchase Raymond’s Consumer Care business, which involves the fragrance KS Spark, Park Avenue men’s grooming items, and Kamasutra sexual well-being items. The company will pay Rs 2,825 crore in cash for the acquisition, which is expected to close on May 10, 2023.
Re-reported from the story originally published in DNA
