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Godrej Family Quotes Captions For Instagram
Godrej Family Quotes Captions For Instagram

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Corporate governance should be done more through principles than rules.

A good monetary policy follows inflationary expectations and not historical numbers.

The Godrej group is expanding rapidly. However, we are not diversifying much.

There are too many politicians in the world and too few statesmen.

I’m not too involved in day-to-day matters. I only supervise at the board level.

People should be encouraged by things like awards given for corporate governance practices.

It’s a mistake to believe technology rests outside India. We compete very successfully.

We are not into financial services, and we are not interested also because we find we are better in branded marketing enterprises.

Politicians and bureaucrats must learn to stay away from the day-by-day functioning of business.

You can’t have a regime which continuously subsidizes things; as inflation rises, you keep prices of certain things unchanged.

When we acquire businesses in the developing world, we estimate if the growth opportunities are strong.

In 2008, when the global financial crisis struck, it was a bad year for a lot of developing countries, and it manifested itself in consumer confidence.

If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down.

Godrej Family Quotes Captions For Instagram
Godrej Family Quotes Captions For Instagram

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We continue to look at accretive and synergistic acquisitions both in the domestic as well as international markets. Our emphasis, thus, will be on strategic acquisitions, and we will not be doing it just for the sake of making our name bigger.

Our expectation is that by 2050, which is a long time away, India will be the largest economy in the world, overtaking both the U.S. and China.

We own only a small percentage in Omnivore, but we manage it. It is basically a venture capital fund to help newer enterprises and provide them with the funding they require in their early stages of development.

We have a company, Geometric Software, which is into engineering services software. We have a company called Nature’s Basket, which is into gourmet retailing. Both are specialized companies.

I feel the Godrej brand has generally come to signify trust to most consumers. 400 million Indians use one or the other Godrej product on a daily basis, and they have come to accept it. We will, thus, continue positioning Godrej strongly on the trust platform.

Our acquisition strategy is very clear: 3×3. Three continents – Asia, Africa and South America, and in three categories where we have strong positions – personal wash, household care and hair care.

There must be an opportunity that matches with our strategy. Just because we have a gap, we don’t want to go and acquire anything and everything. What we acquire should fit in with our strategy, human resources and market expectations.

We started the 10/10 objective in 2011, and that time, our turnover was about Rs. 15,000 crore. We would like to have a turnover of Rs. 1,50,000 crore by 2021. This will be through high growth in domestic and international operations as well as through acquisitions.

From our group, we’ve had joint ventures with a lot of international companies: Procter & Gamble, General Electric, Sara Lee, currently with Hershey’s and Tyson. We’ve learned a lot of the best practices.

Godrej is committed towards improving quality of life in society.

Our CII building in Hyderabad has zero discharge of water. Every drop of water is treated and reused.

While academic abilities remain integral, it is the work ethics that form the soul of the business.

When there is a situation where one does not see demand for a year or two, then capex is suspended. It will reverse only when the situation improves.

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The government is a very large constructor. They have schools, colleges, hospitals and courts, offices. We are trying to influence the public works department to adopt green buildings.

Typically, market-driven growth spawns urbanisation and leads to migration. Urban centres expand into humongous entities that thrive on an unending supply of energy.

We have to develop the whole system of early stage investors and a tax system around it. For every Google that has come on the scene, there are hundred entrepreneurs who never did.

Besides infrastructure, there is a huge opportunity in housing and urbanisation of cities – not only building new ones, but also renewing the infrastructure of old cities to make them more livable. This provides tremendous scope for large investments to fuel growth.

Sometimes, we use the term ‘growth’ as a number and sometimes as an abstraction, but the underlying implication is always that, if the country grows at a certain rate, at the end there will be a pot of gold for everyone.

Every year, millions of vaccines get wasted due to inadequate storage facilities. India is a focus for us, as this is a very big challenge for the country as well as other countries across the globe.

Economic growth can enable development if it is supplemented by public policies that encourage circulation of wealth, especially into crucial areas such as public healthcare and education.

Infrastructure projects create a lot of demand for material, services and manpower. It is a chain reaction; if the infrastructure growth slows down, it will hit overall demand. The supply side has to keep increasing to sustain growth.

As a group, we want to follow good and green strategy. Setting targets is one element of that. The second part is to design products which meet environmental goals.

The links have to be between universities, R&D institutes, and industry. If these linkages are in place, it will result in products that are useful for society. The government has to leverage the money it spends on R&D to help develop new products useful for industry.

When you are growing at a rapid rate, there is bound to be some inflation. I think a 5% rate of inflation is something that we should take in our stride.

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