Godrej Finance, Muthoot Join Hands To Boost MSME Lending

22 Sep 2025 CW Team

The agreement focuses on providing loans against property (LAP) ranging from Rs 1 million to Rs 7.5 million, with an average ticket size of Rs 1.5 million. The product will serve MSMEs across pan-India markets where timely and accessible credit is in demand. The partnership will later expand to include other offerings such as gold loans and housing loans.

A seamless digital integration underpins the arrangement, designed to speed up loan approvals, increase transparency, and ensure compliance with the Reserve Bank of India’s co-lending framework. Godrej Finance will assume 80 per cent of the credit risk, while Muthoot FinCorp will manage the remaining 20 per cent. Muthoot FinCorp will handle underwriting, loan collections, and customer experience, while Godrej Finance ensures regulatory compliance through a jointly defined policy.

Manish Shah, MD & CEO of Godrej Capital, said timely credit is vital for business growth, particularly in smaller cities. He noted that the partnership is aimed at bridging credit gaps for MSMEs by offering faster, simpler, and transparent lending options.

Muthoot FinCorp CEO Shaji Varghese stressed the critical role of MSMEs in employment generation, second only to agriculture, and acknowledged their challenges in accessing finance. With over 3,700 branches and its Muthoot FinCorp ONE app, the company is positioned to extend services to underserved regions, with the LAP offering strengthening MSME growth.

Through Godrej Finance, GFL already provides a wide range of business loan products, including unsecured business loans and Udyog LAP for smaller financing needs. The partnership expects to disburse Rs 2.5 billion in the current financial year, with a focus on high-potential markets in Northern, Southern, and Western India.

Godrej Finance Limited (GFL) has entered a co-lending partnership with Muthoot FinCorp to improve credit access for micro, small and medium enterprises (MSMEs) in Tier-2 and Tier-3 cities. The collaboration leverages Muthoot FinCorp’s wide market presence to deliver much-needed financial support to growing businesses.The agreement focuses on providing loans against property (LAP) ranging from Rs 1 million to Rs 7.5 million, with an average ticket size of Rs 1.5 million. The product will serve MSMEs across pan-India markets where timely and accessible credit is in demand. The partnership will later expand to include other offerings such as gold loans and housing loans.A seamless digital integration underpins the arrangement, designed to speed up loan approvals, increase transparency, and ensure compliance with the Reserve Bank of India’s co-lending framework. Godrej Finance will assume 80 per cent of the credit risk, while Muthoot FinCorp will manage the remaining 20 per cent. Muthoot FinCorp will handle underwriting, loan collections, and customer experience, while Godrej Finance ensures regulatory compliance through a jointly defined policy.Manish Shah, MD & CEO of Godrej Capital, said timely credit is vital for business growth, particularly in smaller cities. He noted that the partnership is aimed at bridging credit gaps for MSMEs by offering faster, simpler, and transparent lending options.Muthoot FinCorp CEO Shaji Varghese stressed the critical role of MSMEs in employment generation, second only to agriculture, and acknowledged their challenges in accessing finance. With over 3,700 branches and its Muthoot FinCorp ONE app, the company is positioned to extend services to underserved regions, with the LAP offering strengthening MSME growth.Through Godrej Finance, GFL already provides a wide range of business loan products, including unsecured business loans and Udyog LAP for smaller financing needs. The partnership expects to disburse Rs 2.5 billion in the current financial year, with a focus on high-potential markets in Northern, Southern, and Western India.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..