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Godrej Capital is aiming to increase its assets under management (AUM) by over 30% to INR 38,000 crore during the current financial year, while setting a longer-term target of INR 1 lakh crore over the next five years. Alongside expanding its lending business, the company has entered the wealth management segment through the launch of Godrej Wealth. The firm plans to strengthen its presence across India, introduce new lending products, and deepen its affordable housing finance portfolio. The company also intends to explore a public listing after achieving greater scale and demonstrating consistent business performance.
Godrej Capital, the financial services arm of the Godrej Group, is targeting assets under management (AUM) of INR 38,000 crore by the end of the current financial year, reflecting growth of more than 30% over its FY26 closing AUM of nearly INR 28,000 crore.
The company operates its lending business through Godrej Housing Finance and Godrej Finance and is pursuing an ambitious growth strategy focused on geographic expansion, new product offerings and a stronger presence in affordable housing finance.
Speaking about the company’s plans, Managing Director and Chief Executive Officer Manish Shah said the immediate objective is to increase the lending portfolio to INR 38,000 crore this year, while the broader goal is to build the business to INR 1 lakh crore AUM over the next five years.
The lender believes reaching the INR 1 lakh crore mark will provide the scale that institutional investors and public market participants typically look for before a company pursues a stock market listing. The group is therefore targeting an initial public offering (IPO) within the next five years, subject to achieving the desired scale and demonstrating sustained business performance.
According to the company, scale alone will not determine listing readiness. It also aims to establish a consistent track record of growth, portfolio quality and resilience across different economic cycles. Management noted that investors generally prefer businesses that have successfully navigated multiple market conditions over a period of five to ten years.
Alongside its lending operations, Godrej Capital has entered the wealth management segment with the launch of Godrej Wealth. The newly launched platform has set a target of managing INR 1 lakh crore in wealth-related business over the next five years.
The wealth management business will initially operate in eight key cities and plans to expand its presence to 35 locations over the next three years. It will focus on serving high-net-worth individuals with investable assets of INR 2 crore and above, including entrepreneurs, business families, non-resident Indians (NRIs), new-age wealth creators and investors seeking multi-asset solutions.
Godrej Wealth will function alongside the group’s lending businesses, strengthening the financial services portfolio of the Godrej Industries Group.
On the lending front, the company expects most of its future growth to come from existing products expanding into both current and new markets. Godrej Capital plans to increase its network from more than 100 locations to over 200 locations during the current financial year.
The company is also preparing to introduce three new business verticals, including supply chain finance and gold loans, as part of its diversification strategy. Management expects around 90% of growth to be generated by existing businesses through deeper market penetration and geographic expansion, while newly launched business lines are projected to contribute approximately 10% of overall growth.
The growth strategy builds on the company's steady expansion in recent years, particularly in housing finance and retail lending. The increased focus on affordable housing finance comes at a time when demand for home loans in emerging markets and smaller cities continues to attract attention from lenders seeking long-term growth opportunities.
Source PTI
5th Jun, 2025
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