Manish Shah, MD and CEO, Godrej Capital

Godrej Capital, the financial services arm of Godrej Industries Group, is looking to grow its assets under management (AUM) to ₹50,000 crore in the next two years. The company is also eyeing entry into new product categories including gold loans.   

The company closed the financial year ending March 2026 with an AUM of ₹27,500 crore, up nearly 60 per cent from the ₹17,000 crore in FY25. The company posted profits of ₹375 crore in FY26 compared to ₹175 crore last year.

Speaking at a press conference here on Wednesday, Manish Shah, MD and CEO, Godrej Capital said that the company will look to grow through an expansion of its branch footprint and new product categories. “Today we are in about 100 locations and we want to grow this to over 200 locations. We want to enter new businesses like gold loans, supply chain finance and digital lending,” he said. 

Gold loans is an area of particular focus with the company planning to launch the product by June of this year. Shah said that the target is for a ₹1,000 crore AUM in gold loans by the next two years. 

Godrej Capital includes two entities. Godrej Housing finance focuses on home loans and Godrej finance, an NBFC that specialises in secured and unsecured business loans. The bulk of the company’s AUM comes from Godrej Finance, which has around ₹18,000 crore AUM.

In terms of impact of tariff-led disruption and the war in West Asia , Shah said that the business has shown overall resilience though the company has taken note of possible sectors facing stress and may recalibrate its exposure to some of the impacted sectors like merchandise exports if the issues persist.

On Godrej Capital’s presence in Tamil Nadu, Manish said that the company’s AUM in the state stood at ₹1,570 crore, up from the ₹800 crore in FY25. It operates branches across seven cities including Chennai, Madurai, Coimbatore and Tiruchirappalli among others. 

He said that currently the company’s presence in Tamil Nadu is dominated by small business financing, but the firm intends to grow its housing finance and other segments in the state as well. It is eyeing a AUM of ₹2,800 crore in Tamil Nadu by FY27. 

Interestingly, out of the firm’s ₹1,250 crore of AUM under its ‘Aarohi’ program for supporting women-led business, ₹200 crore are from Tamil Nadu- the highest in the country.  

Published on April 16, 2026