Godrej
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History
MG Arun , Lock, Stock and Barrel “India Today” 21/8/2017 Established in 1897
Through many of its businesses, from locks, soaps and animal feed to engines powering India's space programmes, the group has played a big role in the evolution of various industries in the country. The group has its roots in India's Independence and swadeshi movement. Founder Ardeshir Godrej failed in a few ventures before striking success with the locks business. Next came security equipment and steel furniture. From soaps, it moved to detergents and personal/ household products. Since vegetable oil was used to make soap, the byproduct, oil cake, was marketed as animal feed. With a large landholding in Vikhroli near Mumbai, the group also forayed into real estate.
The Godrej group enjoys the patronage of 1.1 billion consumers globally and commands a revenue of over $4.1 billion. In 1918, the company launched Chavi, the first soap in the world without animal fat. Another soap, Godrej No. 2, was launched in 1919. Ardeshir's explanation on the name: "If people find No. 2 so good, they'll believe No. 1 to be even better!" The Godrej No. 1 soap was launched in 1922. Godrej products were endorsed by Annie Besant and Rabindranath Tagore. Mahatma Gandhi, in a letter to a Godrej competitor, once wrote: "I hold my brother Godrej in such high regard that if your enterprise is likely to harm him in any way, I regret very much I cannot give you my blessings."
