Godrej launches Godrej Capital to expand its financial services biz

13 Apr 2022 CW Team

Godrej Industries Ltd (GIL) has established Godrej Capital Ltd (GCL) to expand its financial services business. GIL has committed to invest Rs 1,500 crore in GCL’s capital. Godrej Housing Finance, an Housing Finance Company Limited (HFC) and Godrej Finance are owned by GCL, a subsidiary of GIL. By 2026, it wants to have a balance sheet worth Rs 30,000 crore.

The firm will continue to focus on secured loan growth, which includes house loans and loans against property (LAP).

In addition, the company plans to increase its workforce by 50% this fiscal year (FY), to around 500 individuals, to meet its commercial and geographic goals.

Pirojsha Godrej, Godrej Capital Chairman, told the media that in 2020, they began offering property loans in a few areas.

He said they are keen on the possibilities of the financial services business, having witnessed good customer acceptance.

The Chairman said that they would be entering new areas and expanding their presence across key target industries and consumer categories.

Currently, Godrej Capital has its footprint across Mumbai, Bengaluru, Delhi NCR, Ahmedabad, and Pune and soon would be operational in six new cities: Jaipur, Chandigarh, Hyderabad, Chennai, Indore and Surat.

Godrej Capital's MD and CEO, Manish Shah, said that at Godrej Housing Finance, they have successfully executed a digital-first strategy with innovative products like Design Your EMI and digitally delivered end-to-end contactless solutions.

He said that this motivated them to expand their network and enhance service offerings to include affordable home loans and unsecured loans for a variety of consumer categories.

Image Source

Also read: Godrej Properties to develop housing project in Pimpri-Chinchwad

Infrastructure Urban

05 May 2026

Meghalaya And Assam Hold Talks To End Transport Stoppages In Garo Hills

Meghalaya and Assam have opened talks aimed at ending recent stoppages of commodity transport in the Garo Hills, officials said. The deputy chief minister, in charge of home affairs, reported that both state governments are coordinating to resolve disruptions and to restore normal movement of goods. He acknowledged that misunderstandings may have contributed to the incidents and that clarification between administrative units is under way. The discussions are intended to produce practical arrangements that will allow consignments to move without hindrance while respecting local procedures. The..

Kochi Metro Records 1.375 mn Rise In Passengers In FY26

Kochi Metro recorded a marginal rise in ridership in the financial year 2025-26, carrying 1.375 mn more passengers than in the previous year. The service carried 36.8 million (mn) passengers in 2025-26 compared with 35.5 mn in 2024-25, representing a year-on-year increase of 3.9 per cent. The growth was described as distributed rather than concentrated in isolated spikes. A month-wise analysis shows steady gains across quarters. In the first quarter, ridership increased from 8.57 mn to 8.84 mn, while the second quarter rose from 9.13 mn to 9.51 mn. These trends indicated broad-based improvemen..

Ghaziabad Plans 16km Metro Link To Delhi Via Hindon Airport

Ghaziabad authorities are pursuing a 16 km metro link to Delhi that will run via Hindon Airport, and a detailed project report is under way. The plan is intended to improve connectivity between Ghaziabad and the national capital and to provide an interchange with the airport. Officials said the project is being studied to assess alignments, station locations and cost estimates ahead of formal approvals and tendering. The announcement follows the inauguration of the Delhi?Faridabad metro extension, which will offer hassle free travel for around 0.2 mn daily commuters between the national capita..