Godrej Capital Targets IPO in Three Years After AUM Surpasses Rs 15,000 Crore
Godrej Capital, the financial services arm of the Godrej Group, is aiming for an initial public offering (IPO) in approximately three years. This announcement comes as the company's assets under management (AUM) have crossed the Rs 15,000 crore mark.
Nadir Godrej, Managing Director of Godrej Industries, shared this timeline at the NDTV Profit Conclave in Mumbai. He emphasized that Godrej Capital is already generating significant profits and will continue to receive investments to fuel its expansion.
Key Milestones
Godrej highlighted that reaching an AUM of Rs 10,000-15,000 crore is a crucial milestone in the company's journey towards going public. With the recent achievement of surpassing Rs 15,000 crore, the company is well on its way to meeting this target.
Manish Shah, Managing Director and CEO of Godrej Capital, reported earlier this month that the company's AUM had exceeded Rs 15,000 crore in January 2025. He also projected that the AUM would reach Rs 30,000 crore by March 2026. Notably, in Tamil Nadu, the company has experienced growth exceeding 100%, with AUM rising to Rs 800 crore and expected to surpass Rs 1,000 crore by March 2025.
Profitability and Expansion Plans
Shah also revealed that Godrej Capital reported a profit of Rs 55 crore in the last financial year, with expectations to triple this figure to Rs 175 crore by March 2025. Furthermore, the company has 3,800 channel partners and plans to expand this network to over 10,000 in the next two years.
About Godrej Capital
Launched in 2022, Godrej Capital serves as the holding company for Godrej Housing Finance and Godrej Finance, focusing on home loans and loans against property. The company has received Rs 3,000 crore in equity from the Godrej Industries Group and has raised debt through banks and other financial institutions.
Current and Planned Operations
Godrej Capital currently operates in Mumbai, Bengaluru, Delhi-NCR, Ahmedabad, and Pune. The company is poised to expand its presence into Jaipur, Chandigarh, Hyderabad, Chennai, Indore, and Surat.
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