Godrej Capital is a financial services unit of Godrej Group and aims to build a ~ INR 30,000 crore balance by 2026. The business will expand its sales operations in six new cities this financial year in addition to splitting customer segments and starting a new business. lines.Godrej Industries is committed to incorporating INR 1,500 crore into its financial services business and expects the business to require the full amount of INR 5,000 crore of equity investment by 2026.
Godrej
In an effort to increase its interest in the financial services sector, Godrej Industries Limited (GIL) has announced the launch of Godrej Capital Limited (GCL). GCL is part of GIL and is an association of Godrej Housing Finance (an HFC) and Godrej Finance Limited (NBFC). With the ultimate goal of building a global financial services business and a short-term goal of building an INR 30,000 crore balance sheet by 2026, GIL has committed to investing INR 1,500 crore in the GCL capital. Godrej Capital currently has its entire history in Mumbai, Bengaluru, Delhi NCR, Ahmedabad, and Pune and will soon be operating in six new cities, namely, Jaipur, Chandigarh, Hyderabad, Chennai, Indore and Surat.
The MD on Godrej’s development
Commenting on the development, Pirojsha Godrej, Chairman, Godrej Capital, said, “Godrej Capital will build a significant pillar for the growth of the entire Godrej Group. We have started with home loans in selected areas by 2020. and the prospects for our financial services business and we will enter new markets and improve our access to all key target sectors and consumer categories. ” Manish Shah, MD & CEO, Godrej Capital, said, “We have successfully implemented the first digital approach to Godrej Housing Finance through innovative products such as Design Your EMI and end-to-end digital communication solutions. This has inspired us to broaden our horizons. and expand our service delivery to a wide range of clients through affordable housing loans and unsecured loans. We envision Godrej Capital becoming a new, leading financial services center in the years to come. “
Event Director speaking
Speaking at the event, Deepak Goradia, Managing Director of Dosti Realty Ltd., said, “This development comes at a time when consumers are looking to revitalize their home and business interests that have stalled due to the ongoing epidemic. like us and the real estate sector often benefit from these donations and we look forward to the new version that Godrej Capital will bring to market. “
Rahul Soota, Executive Director, MyMoneyMantra, added, “The increase in demand for housing finance in all sectors and the shift in visible negotiations due to epidemic-related constraints has led to interaction across the entire consumer cycle. Godrej Capital will play a key role in raising funds through its expertise. “In line with Godrej Group’s legacy of trust and service delivery, the product from Godrej Capital will greatly benefit all business partners and end users alike.”
About Godrej Capital
Godrej Capital is the arm of Godrej Group’s financial services. It is part of Godrej Industries and is a subsidiary of Godrej Housing Finance & Godrej Finance. With a digital first approach and a strong focus on customer-focused product development, Godrej Capital offers home loans and Loans Against Property and is in a state of disrepair. in other customer segments and products. The company focuses on building a long-term, sustainable business financial services business in India, based on Godrej Group’s 125-year legacy of honesty and efficiency. Godrej Capital focuses exclusively on the learning and development of its entire staff base and is committed to diversity, equity, and inclusion as a guiding principle. Business, GHF Is a Good Workplace – Certified and re-recognized by the Economic Times as the Best Women’s Organization by 2022.
READ ALSO : CNG price increased by Rs 2.5 per kg, cooking gas by Rs 4.25
