In a strategic move, Godrej Capital, led by its Managing Director and CEO, Manish Shah, has unveiled a bold plan to elevate its Assets Under Management (AUM) to a whopping ₹50,000 crore by the year 2028. The company, which embarked on its financial journey in 2020, proudly announced its achievement of reaching the much-coveted “break-even” point during the second quarter of the current fiscal year.
To realize the monumental target of ₹50,000 crore on their balance sheet by 2028, Godrej Capital is gearing up to secure an additional ₹4,000 crore in capital. As Manish Shah elucidated, “We were granted the license to commence operations in October 2020, and our mission is crystal clear: we aspire to manage ₹50,000 crore in AUM by 2028. By March 2024, we anticipate reaching the milestone of ₹10,000 crore.” The company has already received an infusion of ₹2,000 crore in capital from the holding company within the Group. Looking ahead, they are projected to need approximately ₹1,000 crore in equity capital each year to advance toward the grand ₹50,000 crore AUM objective.
In addition to these ambitious targets, Manish Shah disclosed that by 2026, Godrej Capital aims to effectively manage an AUM portfolio valued at ₹30,000 crore. The company’s primary focus areas will revolve around supporting Micro, Small, and Medium Enterprises (MSMEs) and the home loan business segment. Fast forward to 2028, and Godrej Capital envisions their AUM soaring to an impressive ₹50,000 crore.
In an exciting development, Godrej Capital is preparing to launch its innovative digital platform, Nirmaan. This platform is poised to empower MSMEs by providing them with comprehensive growth opportunities. To ensure the success of Nirmaan, the company has forged strategic partnerships with key players such as Amazon Global Selling, Onsurity, and Zolvit. This collaboration will serve to expand the market reach for MSMEs, simplify legal and compliance processes, and improve the overall health and well-being of employees, among other benefits.
As of now, Godrej Capital’s balance sheet stands at ₹7,700 crore. This impressive figure comprises ₹4,000 crore in loans disbursed to Micro, Small, and Medium Enterprises, with the remaining amount allocated to home loans, as per Manish Shah’s revelation. It’s noteworthy that the company’s primary clientele largely consists of MSMEs generating revenues within the ₹5 crore to ₹50 crore range. These enterprises constitute the backbone of Godrej Capital’s operations and have played a pivotal role in their journey to financial success.
About Godrej Capital:
Godrej Capital, a subsidiary of Godrej Industries, is a financial services firm specializing in providing a range of lending solutions, including home loans, business loans, and loans against property. The company commenced its operations in November 2020.
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