Vijay Crishna, a non-executive, non-independent director on the boards of Godrej Industries and Godrej Agrovet, has quit from both boards, citing his advancing age, even as the Godrej family is trying to untangle cross-holdings in listed companies and land-holdings as part of the family settlement.
Crishna is married to Smita Crishna-Godrej who owns one-fifth stakes in the Godrej family assets. Smita’s brother, Jamshyd, runs Godrej & Boyce — the consumer products company of the Godrej group.
Apart from Vijay Crishna, the Godrej Industries board has Adi Godrej, Tanya Dubash, Nadir Godrej and Jamshyd Godrej as directors representing the promoter family. After Crishna’s exit, the Godrej Agrovet board will have Nadir Godrej as chairman and Jamshed Godrej, Tanya Dubash, Nisaba Godrej and Pirojsha