MUMBAI -- In a country notorious for billionaire business family feuds, a 124-year-old Indian family conglomerate is aiming to break the mold without a whiff of conflict, as it puts finishing touches to a succession plan that would equitably divide family assets among members and hand the businesses to a new generation of leaders.
India's Godrej Group, which controls an empire encompassing door locks to cleaning products with annual revenues of 379 billion rupees ($5 billion), is currently working with lawyers and bankers to untangle the complex cross-holdings among the group's listed companies and reduce the tax burden on the transfer of huge swathes of land in Mumbai -- an effort led by group patriarch Adi Godrej, 79, and cousin Jamshyd Godrej, 72.
