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Godrej Industries Group has entered the wealth management sector through a new platform aimed at serving high-net-worth and ultra-high-net-worth individuals across India. The company has set a target of managing INR 1 lakh crore in assets under management (AUM) within five years and plans to build a nationwide advisory network. The move marks the conglomerate’s diversification into financial services, leveraging the Godrej brand to tap rising demand for professional wealth management solutions amid growing household financial assets.
Godrej Industries Group has entered the wealth management business with the launch of a dedicated platform targeting high-net-worth individuals (HNIs), ultra-high-net-worth individuals (UHNIs), family offices and affluent investors. The company announced the initiative earlier this week, outlining plans to build a nationwide wealth advisory business with a target of achieving INR 1 lakh crore in assets under management (AUM) over the next five years.
The new venture has been launched under Godrej Capital’s financial services ecosystem and will operate as a full-service wealth management platform. The business aims to offer investment advisory and wealth solutions across a range of asset classes, including equities, fixed income products, alternative investments, structured products and estate planning services.
According to the company, the wealth management platform will focus on providing customised financial solutions tailored to the requirements of affluent individuals and family offices. The business will seek to combine relationship-led advisory services with technology-enabled investment management capabilities as it expands its presence across key Indian markets.
The entry comes at a time when India’s wealth management industry is witnessing rapid growth, driven by rising household incomes, increasing participation in financial markets and a growing population of high-net-worth investors. Industry estimates indicate that financial wealth held by affluent Indians has expanded significantly over the past decade, creating demand for professional portfolio management and advisory services.
As part of its growth strategy, Godrej plans to establish a network of wealth advisers and relationship managers across major cities. The company indicated that it intends to recruit experienced professionals from the financial services sector and develop specialised teams focused on investment advisory, portfolio construction and client servicing.
Senior executives stated that the group views wealth management as a natural extension of its financial services operations. They noted that India’s expanding affluent population and increasing sophistication of investment preferences present a significant long-term opportunity for organised wealth advisory businesses.
The group has set an initial milestone of building a sizeable advisory franchise while scaling assets under management to INR 1 lakh crore by 2031. The business is expected to cater to clients seeking diversified investment opportunities, risk management solutions and long-term wealth preservation strategies.
Godrej Industries Group, which has interests spanning consumer products, real estate, agriculture, chemicals and financial services, has been expanding its presence in financial businesses through Godrej Capital. The launch of the wealth management platform adds another vertical to the group’s financial services portfolio as it seeks to strengthen its position in segments linked to India's growing wealth creation and investment landscape.
The company said the venture would focus on long-term client relationships and advisory-led growth as it builds scale in the increasingly competitive wealth management market.
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