Godrej to add 3,000 employees by 2017

The company's average employee age has come down by three years to 36 in the past four years.

Godrej Industries  plans to increase its staff strength by 3,000 by 2017. Currently, the company has got 15,000 people on its roll across more than 80 countries. Nine thousand of them are based outside India.

"We are eyeing increasing our staff-strength to 18,000 against the current 15,000 by 2017 as per our Vision 2020 plan," group Head - HR and corporate services - Sumit Mitra said.

Also read: Godrej Consumer expects double digit growth in FY15

"In the current fiscal itself, we are looking to hire 900 employees."  The attrition rate at the group, which is into FMCG, real estate, agri, chemical and gourmet, is 13 percent.

The retail sector has the highest attrition rate, Mitra said.

The company's average employee age has come down by three years to 36 in the past four years, he said.  "We plan to increase our CAGR to 26 per cent during next few years," he added.

Godrej Ind stock price

On August 22, 2014, Godrej Industries closed at Rs 331.95, up Rs 2.70, or 0.82 percent. The 52-week high of the share was Rs 372.45 and the 52-week low was Rs 218.50.

The company's trailing 12-month (TTM) EPS was at Rs 3.46 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 95.94. The latest book value of the company is Rs 42.79 per share. At current value, the price-to-book value of the company is 7.76.

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