There are many Indian companies in the market but not everyone knows which ones. So is Godrej an Indian company? It is natural for people to have such questions.
Godrej is a very old company and yet people don’t know much about the company. That is why there are many questions in mind about Godrej products.
In recent times Indian consumers demand made in India products of an Indian company.
This expectation is growing exponentially and has become difficult for companies that were completely dependent on China.
When customers buy the company’s products now, they look at whether the products are made in India and where the parts are made.
In similar way, you are looking for information about Godrej Company. That is why companies have to shift their focus to manufacturing in India.
Keeping these things in mind, I have provided information about Godrej Company owner, Godrej Appliances, Manufacturing, and Godrej Products.
Best Godrej products that you can buy:
|Godrej 3 star inverter split Ac||Buy now on amazon|
|Godrej double door refrigerator||Buy now on amazon|
|Godrej 25 L microwave oven||Buy now on amazon|
1. Is Godrej an Indian company?
Founded in 1987 and headquartered in Mumbai, Maharashtra, the Godrej Group is an Indian conglomerate owned and managed by the Godrej family, India’s ninth richest family as of 2020, with a net worth of USD 11 billion, according to Forbes. Two brothers founded the company: Ardeshir Godrej and Pirojsha Burjorji Godrej. Now Godrej headed by the third generation: Adi Godrej, along with his brother Nadir, and Cousin Jamshyd Godrej.
The company started as a lock manufacturer integrating lever technology in 1987, inspired by the original ‘Make in India’ movement, well known as the Swadeshi movement at that time.
Ever since, the Godrej Group has diversified into fifteen business verticals, including consumer products, properties, infrastructure, chemicals, intra-logistics, information technology, etc., under seven group companies: Godrej Industries, Godrej Agrovet, Godrej Consumer Products, Godrej Properties, Godrej Infotech, Godrej & Boyce, and Godrej Koerber.
Godrej Housing Finance, the group’s latest venture, entered in 2020 into the financial services industry to provide affordable housing finance.
As per Forbes, the group generated around USD 6 billion in revenue during 2020 and catered to around 1.1 billion consumers globally. Domestic and overseas expansion is one of the group’s core growth strategies.
So Godrej is a leading Indian company that continuously making an effort to fulfil customer demands.
1.1 Manufacturing and Business expansion of Godrej company:
For instance, the company operates eight manufacturing plants in India in its consumer products business vertical, managed by Godrej Consumer Products, for home, hair, and personal care products manufacturing for mass and professional markets.
The company adopted three by three approaches for international expansion. Godrej Consumer Products is expanding its footprint across three emerging areas (Asia, Africa, Central and South America) (home care, personal care, hair care).
Further, the company has established global Design Laboratories as R & D foundations in each major country in which they work and has also sought to understand the precise local needs of each region. As of FY2021, the company generated revenue of USD 1.5 billion.
Godrej Agrovet, the animal feed and agricultural business of the Godrej group, operates around 23 manufacturing plants throughout India as of FY2021.
The company is currently working on a fish feed factory in Uttar Pradesh, which is expected to be finished in FY2022 and to meet demand in the north and east regions of the country, which are large fish feed markets.
As of FY2021, the company generated revenue of USD 839 million. Around 95% of the company’s revenue is from the Indian market, while the rest is from international markets as of FY2021.
Godrej & Boyce operates across several industry verticals: aerospace, appliances, construction, interior, electrical and electronics, locking solutions, motors, material handling, and precise engineering. In 2019, the appliances arm of Godrej & Boyce has invested in increasing production capacity over three years to reach total capacity of 6.5 million units by 2023 with a three-year increment of 1.9 million units.
The company aims to take the Godrej brand to even greater heights through this expansion, using manufacturing expertise. The proposed development, once completed, will allow the company to better meet Indian customers’ growing demand for premium products.
Godrej company details:
|Godrej company belongs to which country?||India|
|Established year of Godrej||1987|
|Godrej company owner||Family owned business, Godrej family.|
|Godrej company founders||Ardeshir Godrej and Pirojsha Burjorji Godrej|
Obage is from which country? Obage Homer Theater and speakers made in India?
2. Are Godrej products made in china?
Godrej imports some modular furniture and some other components from China. Some Godrej products or parts are made in china but not all products are made there. In contrast, the company’s home appliances and other products are made in India.
There is nothing wrong with that because we didn’t have proper material and other sources in India at that time. Not only Godrej other companies do the same thing.
But Indian companies are now taking steps for development by reducing imports and focusing on manufacturing. We will see later that Godrej has also become a leader in this.
2.1 Godrej development in manufacturing:
Companies cannot make all the components or parts themselves. Sometimes there are small things that have to be taken from other countries. So this is how any company imports, which helps them in tax benefits, maintaining material cost, and for making other things easier. Like India, Chinese companies also buy parts from outside.
Until 2014, the company was importing many finished products such as AC, washing machines, etc. from China. But at present Godrej manufactures all these products in India. I’m not saying on my own, you can understand from the next statement of company officials.
“Today, we manufacture the entire washing machine range in-house. We have set up new lines, expanded capacity in ACs. All this has been done over the last four-five years,” Kamal Nandi, business head and executive vice-president of Godrej Appliances said. To know more, You can read whole report on livemint.
The company’s split AC manufacturing capacity is expected to reach two lakh to three lakh units in the next three years.
In fact, recognizing the situation, companies in India have been emphasizing manufacturing in recent times, but the tariff on imports increased by the government is also an important reason behind it.
Increased tariffs on import duties made it difficult for companies to maintain costs and began to focus on manufacturing in India as an alternative route.
Everything of the companies depends on the supply chain management and therefore some of the materials are made locally and some are taken from outside.
To answer your question briefly, the company has started doing manufacturing in India which is used to take from China. This means that you will see only a small number of Chinese components that are not uncommon to use because you cannot make everything ‘Made in India’ overnight.
3. Are Godrej products made in India?
Godrej has expanded its products across different segments/Businesses and has more than 30 manufacturing units in india to manufacture different products. They have equipped manufacturing units to manufacture each such product, be it in the food industry, electronics or others. Therefore, Godrej products are made in India as it manufactures products or devices in India.
We must agree that Companies imports some parts which they don’t manufacture in India. Not only Godrej but all the companies in the world do this.
There is nothing wrong with that. The company can’t make everything. Any company tries to reduce the cost of the product by balancing the tax, supply chain, material cost, and component.
At the same time, it is equally important that companies should make their products in India as much as possible.
In this regard, Godrej has made a lot of changes in the last few years and continues to strive to truly value ‘Atmanirbhar Bharat’
As I said above, Godrej used to import finished goods from China and now it making most of them in India.
Some electronics devices or machines Godrej makes entirely in India, such as washing machines.
Overall, Godrej is our Indian brand that is leading the way in manufacturing and making made in India products.
4. Final thought on Godrej – Indian company:
I think I have cleared everything about Godrej and I don’t think the question will arise again whether Godrej is an Indian company or not.
Godrej and other Indian brands are changing and making more developments in manufacturing by recognizing Indian people’s demand.
For the last few years, Indians have been paying close attention to the use of Indian Made products. They also make sure that it belongs to an Indian company.
Not only that, the companies used to sell products with only Made in India tag but now it is not working because the customers are aware of all the technical, import-export, and other information.
In short, people do not buy a product just because it has a Made in India tag on it. Instead, they first find out if the product is really made in India or just bring it from China and sell it with a tag.
That’s why companies are placing transparent glass between the consumer and product-making process. Now companies tell everything about products and never lies more like before.
So, Indian brand trying their best to fulfill consumer demand by providing possible made in India products.
I agree that currently, we don’t have mach capabilities to provide made in India products in every category. But we need to understand that a big change always takes time and we need to wait for it. Therefore let’s support our brands.
It’s all about Godrej Company and other developments. Do share your thought in the comment section and let me know your doubts or quires if remains.