Godrej Industries Announces Launch of Godrej Capital Limited

Godrej Industries Limited (GIL) has announced the establishment of Godrej Capital Limited (GCL) with the aim of expanding it in the financial services sector. GCL is a subsidiary of GIL and is a holding company of Godrej Housing Finance (HFC) and Godrej Finance Limited.

With the ultimate goal of building a world-class retail financial services business and the short-term goal of building a balance sheet of Rs 30,000  by 2026, GIL has decided to invest Rs 1,500  in GCL's capital. 

Godrej Capital currently operates in Mumbai, Bangalore, Delhi NCR, Ahmedabad, and Pune and will soon operate in six new cities including Jaipur, Chandigarh, Hyderabad, Chennai, Indore, and Surat. 

The company will continue to focus on expanding mortgage-backed loans consisting of mortgages and real estate loans (LAPs). The company also aims to increase its team by 50% to about 500 employees this year to achieve its business and geographic goals. Godrej Capital invests in building capabilities through talent, technology, and analytics for scalable operations that drive business growth.