S mita Crishna Godrej is a prominent Indian heiress and a third-generation member of the influential Godrej family, which controls the 127-year-old Godrej Group conglomerate. The group, founded in 1897, is one of India's most respected and diversified business empires, with major interests in consumer goods, appliances, real estate, agriculture, and chemicals. She is the sister of the group's patriarch, Adi Godrej, and his brother, Nadir Godrej. Her immense wealth is derived from her substantial ownership stake in the family's various companies and assets.

A significant portion of her fortune is tied to her one-fifth stake in the family's vast, privately held land bank in Mumbai, which is considered one of their most valuable assets. Unlike her brothers and other family members, Smita is not involved in the day-to-day operations of the Godrej Group's companies. Her husband, the renowned theater actor Vijay Crishna, has served on the board of Godrej & Boyce, and her daughter, Nyrika Holkar, is an executive director at the same company. The Godrej family is currently in the process of a formal, amicable split of their vast empire between two branches of the family.