project adg

8/13/2019 Project ADG

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CHAPTER I

1.1 INTRODUCTION ABOUT GODREJ

Godrej Group is one of the most respected business groups in India. Here is a brief profile

and history of the group.

The Godrej Group was established in 1897. Its founder !r. "rdeshir Godrej was a staunch

nationalist and belie#ed that India cannot win freedom unless it is economically self$reliant.

%eginning with security e&uipment and soaps the group di#ersified into a wide #ariety of

consumer goods and ser#ices.

The group has di#erse business interests ranging from engineering to personal care products.

'ompanies operating under the Godrej Group are in#ol#ed in a host of businesses $ from

loc(s and safes to typewriters and word processors from refrigerators and furniture to

machine tools and process e&uipment from engineering wor(stations to cosmetics and

detergents from edible oils and chemicals to agro products. Godrej Group is also well$(nown

for its philosophy and initiation of labor reforms.

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1.2 HISTORY OF GODREJ

The 'ompany celebrated its centenary in 1997. In 1897 a young man named "rdeshir Godrej

ga#e up law and turned to loc( ma(ing. "rdeshir went on to ma(e safes and security

e&uipment of the highest order and then stunned the world by creating toilet soap from

#egetable oil.

Ardeshir Godrej Pirojsha Godrej

His brother )irojsha Godrej carried "rdeshir*s dream forward leading Godrej towards

becoming a #ibrant multi$business enterprise. )irojsha laid the foundation for the sprawling

industrial garden township +I,- 1//1$certified0 now called )irojshanagar in the suburbs of

!umbai. Godrej touches the li#es of millions of Indians e#ery day. To them it is a symbol of

enduring ideals in a changing world.

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irst generation the two brothers were the founders second generations focused towards

di#ersification of business by in#esting of ac&uiring more business in the leadership of !r

2aoroji Godrej third generation in the leadership of !r. "di Godrej is (eener to (eep hold

on core business functions

The word Godrej etched into the metal of his loc(s stood for trust security and reliability.

The name Godrej is today loc(ed away in the mind of e#ery Indian as a symbol of

responsible entrepreneurism self reliance through industry and prosperity from indigenous

resources. It started off with loc(s and then a stunned world loo(ed up in awe when Godrej

made soaps from #egetable oils. 3hat started as dream has become a mo#ement. rom hi$

tech engineering solutions futuristic security and entry systems to a wide range of consumer

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and personal products Godrej touches the li#es of millions of Indians e#ery day. Today

Godrej is the bridge between the future and in hundred years of history. It is a li#ing code of

ethics for Indian industry as it races into the forefront of global dominance. Godrej has

legacy of 111 years is a story of success achie#ements de#elopment 4 change a story of a

family committed to the nation. Godrej is a highly respected brand and besides it*s high

&uality products is (nown for it*s business ethics. The brand Godrej has a tremendous recall

in India and is gaining fast access in the International mar(ets. %esides manufacturing set up

in India company also ha#e manufacturing facilities in ,ingapore !alaysia and 5ietnam.

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CHAPTER II

2.1 INTRODUCING THE ENTREPRENUR SHRI ADI GODREJ

EADERSHIP IN TI!ES OF CRISIS" CORPORATE GO#ERNANCE

$Pri%&i'(e)Based Go*er%a%&e +or,s-

Godrej Group upholds the highest standards of governance

NAME: Adi GodrejDESIGNATION: Chairman, Godrej Group

NET +ORTH " /.2 BIION

AGE " 0

NATIONAITY " INDIAN

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RESIDENCE " !U!BAI

REIGION " OROASTRIANIS!

!ARITA STATUS " !ARRIED3 4 CHIDREN

"di Godrej was born on 6 "pril 19 in !umbai. He is an Indian industrialist and the

present 'hairman of the Godrej Group which includes many Indian companies. He is also

the 'hairman of international companies eyline %rands :. and ;apidol ,outh "frica

as well as the 'hairman of the %oard of Trustees of the ?. billion.

2.2 FA!IY"

"di Godrej hails rom a %usiness amily. His ather was a successful businessman and his

mother was !rs. @ai Godrej who spent her life as a school teacher at one of the Godrej

schools. He was married to )armeshwar Godrej and the couple has


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2.4 GRO+ING UP"

"t the age of 17 "di Godrej left India and got enrolled at the !assachusetts Institute of

Technology +!IT0 in the :nited ,tates. Initially he planned to study !echanical engineering

but ended up studying !anagement. He recei#ed his %achelors and masters degrees in

!anagement from the ,loan ,chool !IT in 19D6.

2.5 THE BEGINNING"

"fter completing his graduation "di Godrej returned to India and joined the family business

E The Godrej Group. The management had high eBpectations from him as he was the first

business graduate to join the company.

The Godrej Group was started more than a century ago and since then it manufactured Coc(s

and 5egetable based soaps which displaced many foreign brands. The Godrej Group

continued to function with an infleBible style of management which it followed under the

controlled era of %ritish rule e#en after India*s independence. Hence when "di Godrej joined

the group he faced the challenge of moderni=ing the management structures and ma(ing

them more fleBible and systematic. His efforts towards process impro#ements led to the

progress and growth of the Godrej Group. "di started the group*s mo#ement away from

family hegemony that inflicted many family businesses of that time in India. This was

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ensured by appointing 'A-s from outside the Godrej family to head the #arious group

companies.

"di instilled new business processes at a time when companies percei#ed Fchange to be

disrupti#e and threatening. He created an emotional connect of both his personal and the

group*s brand image with people by maintaining traditional middle class core #alues ha#e

remained middle class.

rom the beginning "di as a businessman was #ery tech$sa##y too( special interest in

technology adoption which benefited his business. :nder his leadership the Godrej Group

(ept o#erhauling growth targets and reached great heights of success.

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2./ ACHIE#E!ENTS"

"di Godrej is considered to be one of the top business icons of the Indian Industry as the

'hairman of Godrej Group. His other achie#ements are

10 He is the 'hairman of The %oard of Trustees of the


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The Godrej Gro6' is o%e o7 I%dia-s (ar8es9 &o%8(o:era9es He has a(so a&9i*e(;

'ar9i&i'a9ed i% i:'ar9i%8 :a%a8e:e%9 ed6&a9io% as"

" former 'hairman of the Go#erning 'ouncil of the F2arsee !onjee Institute of

!anagement ,tudies.

" former member of the F


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2.0 GODREJ GROUP)CO!PANY PROFIE"

The group was established in 1897 and since then it has grown into one of Indias most

trusted brands.

J Its 'hairman is !r. "di Godrej.

J It is head&uartered at !umbai. The Group is one of the largest conglomerates in India at

present. -#er the years it has di#ersified into #arious industries including security materials

handling and industrial storage solutions construction information technology furniture

health care interior solutions office e&uipment appliances precision e&uipment machine

tools and food$processing.

The Godrej group is di#ided into two major companies which wor( independently

K Godrej Industries Ctd.

K Godrej 4 %oyce !fg. 'o. Ctd.

The Group has many subsidiaries some of them being

K Godrej 'onsumer )roducts Ctd. +G')C0

K Godrej Hi$'are

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K Godrej Global ,olutions

K Godrej )roperties

K Godrej Hershey oods 4 %e#erages Ctd.

Today Godrej has a customer base of o#er 7/ million Indians and its turno#er crosses

:, >.D.

It is present in more than D/ countries and /L of its business is done o#erseas.

To eBtend and impro#e its connection with its three$and$a$half million retailers the group

has started using IT to integrate its supply and distribution chain.

2.< A+ARDS AND ACHIE#E!ENTS"

The Godrej Group*s achie#ements ha#e made the Group one of the leading and most en#ied

corporate houses in India. ,ome of them being

J In 1897 Godrej introduced the first loc( with le#er technology in India.

J In 19/ Godrej made the first Indian safe.

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J In 19/ Godrej made soap using #egetable oil.

J In 19?? Godrej produced India*s first indigenous typewriter.

J In 1989 Godrej became the first company to introduce ): + )olyurethane oam0

J Introduced India*s first and only 1//L '' H'' H' free refrigerators. :nder the able

leadership of "di Godrej the Godrej Group has been a recipient of many awards

J G')C was ran(ed 1th in FThe %est 'ompanies to 3or( or study conducted by %usiness

2.= Toda;

J G')C ran(ed Dth in FAT$Hewitt %est Amployers of India sur#ey.

J The Group recei#ed FThe 'orporate 'iti=en of the Mear award gi#en by Aconomic Times.

J The Group*s flagship brands Goodnight 'inthol and A=ee were selected ,uper brands by

the F,uperbrands 'ouncil.

J G')C was selected as a %usiness ,uperbrand by the F,uper %rands 'ouncil.

J G')C recorded the highest returns in 'orporate India on 'apital Amployed and 2et 3orth

ratios.

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CHAPTER III

4.1 SOCIA RESPONSIBIITIES"

The Godrej Group has been acti#ely in#ol#ed in many philanthropic and social acti#ities.

J It has built schools dispensaries and a residential compleB for their employees and their

families.

J It has also established many Trusts and oundations which in#est in education health care

and upliftment of the underpri#ileged.

J It has built many green en#irons nurseries and gardens which show its lo#e for nature.

J It is an acti#e donor to the 3orld 3ildlife und in India and has also de#eloped a green

business campus in 5i(hroli !umbai. The campus includes a 1?/ acre mangro#e forest with

flourishing wildlife and a school for its employees* children.

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4.2 GRO+TH STRATEGY OF GODREJ"

Godrej 'onsumer )roducts is implementing a two$pronged strategy for growth going

forward. -n the one hand it is planning to eBpand its product portfolio and augment its

mar(et share in the domestic mar(et.

-n the other hand it has set sail for o#erseas mar(ets. 3ith the ac&uisition of eyline brands

in the : in -ctober //? it has made a strong entry into the : mar(et and is trying for a

couple of more ac&uisitions. -n the domestic turf it is le#eraging its leadership position in

hair colorants and is di#ersifying its soap brands. Aasing of competition pressure to some

eBtent and resurgence in !'G sales will only aid the company post better numbers.

Godrej brands posted a / per cent growth in M/D. "nalysts peg the sales growth in M/7

and M/8 at o#er / per cent and ? per cent respecti#ely. 3ith control o#er raw material

costs through in$house production of fatty acids +highest in India0 Godrej is eBpected to

register better bottom line growth in the coming years.

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4.4 OUT+ARD BOUND"

Godrej is going in for international ac&uisitions with twin strategies $ di#ersifying ris( and

tapping new mar(ets. It eBpects good synergies from the eyline ac&uisition and a double$

digit growth in these brands. It plans to introduce one brand in India in M/7. !oreo#er

eyline outsources half its production a major chun( of which could come to Godrej.

O3e would use the eBisting distribution channel of eyline brands to mar(et Godrej

products with an eye on the Indian diaspora in Aurope and the 'aribbeanO says Hoshedar

)ress eBecuti#e director and president. "nalysts belie#e that Godrej is in the ad#anced stage

of ma(ing a couple of ac&uisitions this year.

The eyline brands garnered re#enue of P?. million +about ;s ./8 crore0 during

2o#ember //?$!arch //D while )%T was P/.D million +about ;s ?./9 crore0. !ajor

eyline brands include "dorn +hair spray0 "apri +s(in care0 'uticura +talcum powder0

Arasmic +sha#ing products0 and 2ulon +hand creams0. ,unil ,apre eBecuti#e #ice$president

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+finance 4 commercial0 says O"lthough eBports account for a minuscule 6 per cent of the

business at present we see a big opportunity in ,outh Aast "sia and "frica.O "nalysts see

eBports growing to / per cent of the total business including the eyline brands.

4.5 SEG!ENT SENSE"

The company is the leader in hair colorants with / per cent mar(et share. It witnessed a

per cent growth in this business in M/D. It is setting up a new facility in ,i((im with a capeB

of ;s 1/ crore +;s 1// million0.

"n analyst at H


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with higher$end products and impro#ed ad#ertising while its talcum powder business where

it ban(s on freebies is li(ely to remain stagnant according to them.

4./ CO!PETITON"

The company operates amid stiff competition. HCC is in a resurgent mode and IT' has plans

to enter the soap business. There is competition from regional players as well. To fight

competition Godrej has been introducing new #ariants and brands. It recently launched its

age control soap $ A#ita. Group chairman "di Godrej says O3e plan to enter one new

category of personal care segment e#ery year pro#ided we are able to differentiate our

products.O In hair colorants the company has products at all price points from the ;s 7

powdered hair colour to the higher$end ;enew and 'olour soft. )rice wars in !'G will

remain and eBert pressure on margins. %ut Godrej hopes to maintain margins relying on

certain internal economies. or eBample it manufactures fatty acids used in soaps in$house

and enjoys economies of scale in buying #egetable oils. 5egetable oil prices are li(ely to

remain soft this year.

4.0 TA> BENEFITS"

The company will get 1// per cent eBcise eBemption for 1/ years in the north$east and

Himachal and 1// per cent income taB eBemption for fi#e years and 6/ per cent for another

fi#e years. ,apre says the eBtent of actual benefit from taB eBemption will depend on sales.

"nalysts add that some states also offer transportQ power subsidies. To eBpand eBisting

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facilities and set up new ones Godrej has earmar(ed a capeB of about ;s 1/? crore +;s 1./?

billion0 this year.

4.< SECTOR STORY"

The !'G sector has been mo#ing faster. The sheer si=e of the mar(et in India pro#ides

good opportunities despite competition and possible cost pressures if international raw

material prices fluctuate. The sector is eBpected to grow to ;s ?//// crore +;s ?// billion0

by /1/. "di Godrej recently said O;ising demand with higher disposable incomes

implementation of 5"T in more states and taB$free =ones would dri#e growth.O

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CHAPTER I#

5.1 CORPORATE GO#ERNANCE ACCORDING TO OPPORTUNITIES

FOR EARNING GRO+TH"

The wor( culture in Godrej supports learning at e#ery stage of your wor( life. -pportunities

in learning are a#ailable in the technical functional beha#ioural general management and

leadership areas through options li(e A


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3e belie#e in the philosophy of holistic employee care. 3e not only ta(e care of the

employees but of their families as well. Ta(e a glimpse of the facilities and welfare acti#ities

pro#ided for our employees 4 their families at 5i(hroli campus.

RESIDENTIA CO!PE>

THE UDAYACHA SCHOOS

GODREJ HISIDE CUB

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THE GODREJ !E!ORIA HOSPITA

THE E!POYEE CO)OPERATI#E CONSU!ER

SOCIETY

PRAGATI ?ENDRA

5.4 O9her &or'ora9e de*e(o':e%9s

R I';" +In#estment and 'redit ;ating "gency of India0 has reaffirmed the 'G;S rating to

the 'orporate Go#ernance )ractices of the 'ompany. This is on a rating scale of 'G;1 to

'G;D where 'G;1 denotes the highest rating. The S sign indicates a relati#ely higher

standing within the category indicated by the rating. The 'G;Srating Implies that in

I';"s current opinion the rated 'ompany has adopted and follows such practices

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con#entions and codes as would pro#ide its financial sta(eholders a high le#el of assurance

on the &uality of corporate go#ernance.

R I';" has reaffirmed the ,5G1 rating for ,ta(eholders 5alue 'reation and Go#ernance

practices of the 'ompany. This is on a rating scale of ,5G1 to ,5GD where ,5G1 denotes

the highest rating. The ,5G1 rating implies that in I';"s current opinion the rated

'ompany belongs to the Highest 'ategory on the composite parameters of sta(eholder #alue

creation and management as also corporate go#ernance practices.

GODREJ GROUP

?L of the shares of the Godrej Groups holding company Godrej 4 %oyce are held in a trust

that in#ests bac( in the en#ironment healthcare and education. 3hich means business is not

just about re#enues and profits but (eeping our land green our communities healthy and our

(ids smart. In 19/ our founder "rdeshir Godrej ga#e a donation of ;s. 6 la(hs to the Tila(

,waraj und E then considered a princely sum E for upliftment of the downtrodden. His

gesture of philanthropy grew into Godrej corporate policy. Gi#ing bac( turned into our way

of saying than( you to the // million Indians who are Godrej loyalists.

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Aducation

A@Uda;a&ha( S&hoo(s

:dayachal schools +pre$primary primary and secondary0 managed by Godrej ha#e been

pro#iding &uality care and education since 19??. Aducation in the schools focuses on total

personality de#elopment of the child which is further enhanced and strengthened through

joyful learning. This ta(es into account the physical socioemotional aesthetic spiritual as

well as mental growth.

Teachers here play #arious roles E that of a facilitator counselor guardian and a learner.

The indi#idual needs of each student are catered to ensured by a healthy teacher child ratio.

Great emphasis is laid on creati#ity E pioneering in recycling waste material such as paper

glass metal plastic etc. in the art and craft classes and also using them to ma(e teaching

aids. A#en used paper is transformed into beautiful creations of )apier$mache. -n the

technical side subjects such as carpentry fitting electronics plumbing and computer s(ills

are offered. An#ironment consciousness is (indled in e#ery child E through #arious

programmes mar(ing 3orld 3etlands


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Teach for India +TI0 is a nationwide mo#ement that aims to narrow the education gap in

India by placing outstanding college graduates and young professionals who commit two

years to teach full$time in under resourced schools. They will become lifelong leaders

wor(ing from within #arious sectors toward the pursuit of e&uity in education. Godrej group

has pledged to sponsor employees for the TI )rogramme as a contribution towards

educational opportunity for all Indians. Godrejite 5eena 5erma was one of the recent 9

selected out of thousands of applicants. The TI ellowship is a challenging assignment

aimed at transforming the participants life. "s a Teacher each day is li(ely to offer multiple

opportunities to confront and tac(le challenges moti#ate di#erse sta(eholders to wor( hard

toward a shared #ision and create and adjust plans to mo#e further towards their intended

goals. A#ery TI ellow has two main responsibilities classroom instructional leadership and

community transformation project.

C@Hea(9h&are

Godrej !e:oria( Hos'i9a(

The Godrej !emorial Hospital +G!H0 has treated 6?/// patients and performed 618

surgeries since inception. 3e pro#ide &uality healthcare ser#ices at an affordable cost in a

rational and ethical manner. 3e ha#e free well$e&uipped cardiac ambulances to attend to

medical emergencies in a 1/ (m =one. "n "nti ;etro#iral Treatment 'enter in association

with 2"'- is a#ailable for HI5 patients. G!H was set up by Godrej !emorial Trust. The

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objecti#e of the hospital was to create a balance between the philanthropic hospital in the city

and the pri#ate hospitals. or this an alternate business model was created which would

emulate philanthropic hospitals but ha#e high &uality healthcare ser#ices at an affordable

cost. The hospital has implemented this uni&ue business model and today e#en the highest

rates in the state$of$the$art hospital are /$D/ percent lower than other pri#ate hospitals.

The model is inspired by the concept of ,ustainable )hilanthropy. This model was adopted

with the belief that a wholly philanthropic model would not be sustainable and would grow

only in a #ery limited sense.

G!H has been awarded the 2"%H +2ational "ccreditation %oard for Hospitals0

accreditation w.e.f. 1st @uly //9. G!H is now in the league of a select few hospitals in

India to ha#e achie#ed the same. The hospital has to comply with more than ?//

predetermined objecti#es to recei#e 2"%H accreditation. The accreditation assures

Uuality of 'are 4 )atient ,afety in accredited Hospitals. 2"%H standards are

accredited by International ,ociety for Uuality in Healthcare +I,Uua0 as consistent with

its global benchmar(s.

D@AIDS Aare%ess

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Godrej supports The Heroes )roject in trying to bring an end to misconceptions and in

spreading awareness about HI5 and "I


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" blood donation camp is organi=ed by Godrej e#ery year on the death anni#ersaries of its

founders 2a#al Godrej and %urjorji Godrej. Godrejites support this noble cause in big

numbers and sa#e precious li#es of fellow humans. The number of people donating blood in

consecuti#e years has always shown an encouraging trend. Ceading hospitals the ;ed 'ross

,ociety and Indian !edical "ssociation eBtend their help in conducting these camps

F@S:i(e Trai%

!illions of children in India and other de#eloping countries are born with this handicap

called 'left Cip where they are unable to smile properly. The good news is that almost all can

be helped by s(ill full plastic surgery. Godrej !emorial Hospital +G!H0 along with a :,

based 2G- ,mile Train conducts a program for helping these #ery children from poor

families. The program consists of primary consultation and screening followed by eBpert

plastic surgery. The operation lasts for any where between ? min. to three hours depending

on the eBtent and compleBity of the defect. ,e#eral of the patients are offered follow up

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speech therapy and other support ser#ices. 'hildren operated at a younger age seem to deri#e

optimum benefit. -#er 6// surgeries ha#e been successfully conducted at G!H till date.

G!H offers surgery and hospitali=ation to the patient and one attendant completely free of

cost.


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The )irojsha Godrej ,cout and Guide )a#ilion in eBistence since 196 was restored by

the )irojsha Godrej oundation between 1986$8? and made a#ailable to organisations

li(e the 3orld 3ide und for 2ature +330 riends of Trees and %ombay 2atural

History ,ociety +%2H,0. In 1997 the area outside the hut was de#eloped into the Godrej

'entenary Garden E a ha#en for tired pedestrians. Godrej continues to maintain the hut

and garden.

J@Ts6%a:i Rehai(i9a9io% Proje&9

The 'onfederation of Indian Industry +'II0 and Godrej employees #oluntarily supported

1?/ families in the Tsunami stric(en )allayar +in 2agapattinam district0 and "=hi(al +in

anya(umari district0 by pro#iding fishing e&uipment boats engines etc. funding a

community health center and pro#iding s(ill based training to // residents. " sum of

o#er ;s. ?D C was handed o#er to 'II.

?@Cre:a9ori6: 7or A%i:a(s

,hoc(ed by the horrifying conditions of the dilapidated incinerator at %ombay 5eterinary

'ollege where 2a#al Godrejs pet labrador was cremated he sponsored the #ery first electric

crematorium at the %ai ,a(arbai


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meals. The fund was created in three ways. irstly a healthy meal option was pro#ided in

the canteen menus to the employees. The sa#ings from the reduced use of oil and sugar were

di#erted to the central pool of funds for the $Ta(e For To- initiati#e.

This means that each time an employee ordered a healthy meal the sa#ings contributed

to this fund and pro#ided Godrejites with an e#en healthier alternati#e for lunch. ,econdly

Godrejites #oluntarily contributed a fiBed monthly amount to the fund. Thirdly the

contribution from the healthy meals menu was matched by Godrej and effecti#ely combined

corporate and employee participation. The initiati#e has been a great success within the first

few months of its inception E with a si=eable fund that is geared to feeding close to 78/

school children and pro#iding for 1?D/// meals annually.

?@Fa:i(; P(a%%i%8

Godrej has been connected with the amily )lanning oundation which is a #oluntary

organisation de#oted to promote amily )lanning as a basic human right as well as

population )olicies which can help bring about a balanced de#elopment of the resources

of the country$both human and material $ as a means towards raising the &uality of life.

$Pra8a9i ?e%dra- imparts not only information regarding amily )lanning but through

#arious social and cultural acti#ities pro#ides for a better &uality of life for the inhabitants of

the township.

" amily )lanning 'entre was opened in ,eptember 19?7. amily )lanning ad#ice and

con#entional contracepti#es at concessional rates were pro#ided. amily )lanning

ABhibitions were held. " 5asectomy 'entre was opened. 5olunteers were trained in an

intensi#e one$wee( orientation course. Incenti#es are offered to persons undergoing

#asectomy and tubectomy operations. In 19D? a ;esearch 'entre was opened with the

help of


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engaged.

The amily )lanning )rogramme is an integral part of the Family 3elfare )rogrammeO.

" 3ell %aby 'linic has been opened for gi#ing ad#ice to mothers about their children*s

health and hygiene as also for ad#ising them about I:'< and oral contracepti#es. "bout

116? children ha#e been treated so far at this clinic. This long$standing amily )lanning

programme has definitely been able to lift wor(ers into the middle$class at least at Godrej.

CSR ACTI#ITIES OF GODREJ AS PER

This section presents armayog*s #iew on 'orporate ,ocial ;esponsibility 4 how

'ompanies can underta(e ',; programmes.

The se&9io% &o%9ai%s

a0


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Godrej I%d6s9ries 9d

Sa(es 2


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en#ironment$friendly product and then disposed off safely. !ore "reas of wasteland ha#e

been con#erted into gardens using water from the Affluent Treatment )lant. The 5i(hroli

factory continues to con#ert the bio degradable waste into bio compost with the help of an

2G-. The process of bio composting has been enhanced with the use of en=ymes to reduce

the fre&uency of decomposition.

The Co%7edera9io% o7 I%dia% I%d6s9r; CII@ ) Sohraji Godrej Gree% B6si%ess Ce%9re

has e*o(*ed a Code 7or E&o(o8i&a((; S6s9ai%a(e B6si%ess Gro9h. The Code &o:'rises

o7 Te% Na96ra( Ca'i9a( Co::a%d:e%9s3 hi&h i%&(6de3 &o::i9:e%9s 9o red6&e

s'e&i7i& &o%s6:'9io% o7 E%er8; a%d +a9er3 red6&e Gree% Ho6se Gas GHG@ e:issio%s

a%d a(( ,i%ds o7 as9e. Yo6r Co:'a%; has ee% a% ear(; a%d e%9h6sias9i& ado'9er o7

9his Code. Alectricity produced by your 'ompanys wind mills ha#e resulted in reduction in

emission of '- for which your 'ompany was granted 'A;s +'ertified Amission

;eduction0. :nfortunately in the current year the windmills ha#e produced less electricity

than eBpected. Mour 'ompany has started a concept of FTable or Two under which the

'ompany will sponsor mid$day meals to students coming from the underpri#ileged section of

the society. Mour 'ompany is also in the process of signing an agreement with a logistics

ser#ice pro#ider for distribution of mid$day meals to a number of schools in !umbai

!a(a%'6r 7a&9or; o7 Godrej Co%s6:er Prod6&9s TD GCP@ or8a%ised S'or9s

C6(96ra( A&9i*i9ies 7or Si%8ari S&hoo( &hi(dre% o% Fe 1= 23 20. PriKes ere

dis9ri69ed 'riKes 9o 9he i%%ers.

/.2#AUATION AND FINANCIAS"

35


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or M/D the company posted 17 per cent growth in net sales to ;s D?7.6 crore +;s D.?7

billion0 while the operating profit rose 6D.8 per cent. The analyst at H


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/.5BIBIOGRAPHY

BOO?S

B.?.?ARANJIA Godrej 3A HUNDRED YEARS 1=< L 1< 3#OU!E 1@

B.?.?ARANJIA Godrej 3A HUNDRED YEARS 1=< L 1< 3#OU!E 11@

C.R.?OTHARI RESEARCH !ETHODOOGY@

PHIIP ?OTTER !AR?ETING@

.8odrej.&o:

37
http://www.godrej.com/http://www.godrej.com/


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.8odreji%9erio.&o:

.8oo8(e.&o:

.i,i'edia.&o:
http://www.godrejinterio.com/http://www.google.com/http://www.wikipedia.com/http://www.godrejinterio.com/http://www.google.com/http://www.wikipedia.com/

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