Pirojsha Godrej, Chairperson Designate, Godrej Industries Group

Godrej Industries, through its subsidiary Godrej Investments, has ventured into wealth management business with the launch of Godrej Wealth and targets to build ₹1-lakh crore assets under management (AUM) in the next five years.

The business will primarily cater to clients with investable assets of ₹2 crore and above, including entrepreneurs, new-age wealth creators and sophisticated investors with multi-asset needs.

Godrej Group plans to launch the IPO of Godrej Capital in five years and invest ₹5,000-7,000 crore in the pre-IPO stage. It will invest ₹500 crore in the wealth management business and plans to enter mutual fund in the near future.

Godrej Capital has two entities — the non-bank finance company Godrej Finance and the housing finance company Godrej Housing Finance — in operation for five years and has an AUM of ₹30,000 crore.

Wealth network

To start with, the wealth arm will open eight offices this year and rapidly grow it to 35 over the next two-three years.

Pirojsha Godrej, Chairperson Designate, Godrej Industries Group, envisages wealth management and financial services to be the fastest-growing business within the group.

The Group has set a target to increase sales by at least 15 per cent a year over the next five years, grow EPS by at least 20 per cent a year and achieve return on equity of 18 per cent at each business level. These three things will imply a Group value of about ₹5 lakh crore by 2031, he said.

The financial services component with both the lending and wealth management business can have an AUM of ₹1 lakh crore each in five years, he added.

The lending business, which includes NBFC and housing finance, have already grown steadily and financial services will be at least 10 per cent of the overall value creation of the Group by 2031, he said.

On one side of the wealth management industry, he said there are banks, which are not ideal wealth managers because they have incentives to keep higher amounts in deposits, creating an inherent conflict of interest.

“The rest of the market is heavily focused on the ultra-high-net-worth category, which is not the segment Godrej Wealth will be targeting,” he said.

Manish Shah, MD and CEO, Godrej Capital, said Godrej Wealth was a compelling proposition as it gives an opportunity to build a start-up within a 129-year-old organisation.

On the possible synergies within the group, Godrej said last year, Godrej Properties sold over one lakh homes, so a lot of these customers who trusted the Godrej Group might be interesting clients and opportunities on the wealth side.

Published on June 2, 2026