Quotes by Adi Godrej - Page 1

There are too many politicians in the world and too few statesmen.
Adi Godrej /
Statesmen
Politicians
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Corporate governance should be done more through principles than rules.
Adi Godrej /
Corporate
Governance
Principles
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The Godrej group is expanding rapidly. However, we are not diversifying much.
Adi Godrej /
Expanding
Rapidly
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I'm not too involved in day-to-day matters. I only supervise at the board level.
Adi Godrej /
Day To Day
Involved
Board
Matters
Supervise
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A good monetary policy follows inflationary expectations and not historical numbers.
Adi Godrej /
Historical
Monetary
Monetary Policy
Numbers
Follows
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It's a mistake to believe technology rests outside India. We compete very successfully.
Adi Godrej /
Mistake
Compete
Rests
Successfully
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People should be encouraged by things like awards given for corporate governance practices.
Adi Godrej /
Awards
Corporate
Governance
Encouraged
People Things Like
Practices
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Politicians and bureaucrats must learn to stay away from the day-by-day functioning of business.
Adi Godrej /
Bureaucrats
Politicians
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When we acquire businesses in the developing world, we estimate if the growth opportunities are strong.
Adi Godrej /
Acquire
Developing
Businesses
Developing World
Estimate
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You can't have a regime which continuously subsidizes things; as inflation rises, you keep prices of certain things unchanged.
Adi Godrej /
Inflation
Certain Things
Continuously
Prices
Regime
Rises
Unchanged
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We are not into financial services, and we are not interested also because we find we are better in branded marketing enterprises.
Adi Godrej /
Branded
Financial Services
Marketing
Not Interested
Enterprises
Services
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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.
Adi Godrej /
China
Economy
India
Long Time
Time World Long
Expectation
Largest
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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.
Adi Godrej /
Consumer Confidence
Crisis
Developing
Developing Countries
Financial Crisis
Consumer
Manifested
Struck
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We find it much better not to try and take the Godrej brand across, but use very strong brands we have acquired in different geographies and push them.
Adi Godrej /
Brands
Acquired
Push
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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.
Adi Godrej /
Inflation
Rate
Stride
Rapid
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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.
Adi Godrej /
Engineering
Geometric
Gourmet
Retailing
Software
Basket
Services
Specialized
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We have very strong succession plans across all group companies. But we do not comment on it. The retirement age is 60 years, but it does not apply to family professionals who work in the business.
Adi Godrej /
Comment
Plans
Retirement
Retirement Age
Succession
Across
Family Work Business
Apply
Companies
Group
Professionals
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Our acquisition strategy is very clear: 3x3. Three continents - Asia, Africa and South America, and in three categories where we have strong positions - personal wash, household care and hair care.
Adi Godrej /
Acquisition
Asia
Categories
Continents
South America
Strategy
Positions
Wash
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We were licencees of Sara Lee Corp's air freshener brand Ambi Pur, which they sold to Procter and Gamble. So we handed it over to Procter and Gamble. Now we will introduce our own brand of air freshener.
Adi Godrej /
Gamble
Brand
Handed
Introduce
Lee
Sold
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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.
Adi Godrej /
Electric
Gamble
Hershey
Tyson
Currently
Joint
Lee
Practices
Ventures
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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.
Adi Godrej /
Development
Fund
Manage
Venture
Venture Capital
Basically
Capital
Early
Enterprises
Small
Percentage
Provide
Require
Stages
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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.
Adi Godrej /
Acquire
Anything And Everything
Human Resources
Strategy
Gap
Matches
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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.
Adi Godrej /
Commodity
Inflation
Oil
Worried
Automatically
Bound
Created
Oil Prices
Prices
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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.
Adi Godrej /
Bigger
Emphasis
International
Sake
Strategic
Acquisitions
Domestic
Thus
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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.
Adi Godrej /
Consumers
Accept
Basis
Brand
Daily
Daily Basis
Generally
Indians
Million
Platform
Positioning
Product
Signify
Strongly
Thus
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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.
Adi Godrej /
Operations
Turnover
Acquisitions
Domestic
Objective
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Adi Godrej Quotes - Page 1

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