Godrej Capital’s Growth Accelerates, IPO on the Horizon

Godrej Capital, with an AUM of ₹15,000 crore, is eyeing an IPO in three years. CEO Manish Shah expects profits to triple to ₹175 crore by March 2025, as expansion continues nationwide, as per news reports.

Godrej Capital Sets IPO Plans

Mumbai-based Godrej Capital is setting its sights on an initial public offering (IPO) in the next 3 years, according to Nadir Godrej, Managing Director of Godrej Industries.

Speaking at a conclave in Mumbai, he stated that the company would consider an IPO once it reaches a certain scale, with assets under management (AUM) playing a key role in the decision.

Godrej indicated that the company views ₹10,000–₹15,000 crore in AUM as a milestone in the journey toward becoming a publicly listed entity.

The company has already surpassed ₹15,000 crore in AUM as of January 2025 and is now targeting ₹30,000 crore by March 2026, according to Godrej Capital Managing Director and CEO Manish Shah.

Godrej Capital Expands Rapidly in Tamil Nadu

Shah highlighted the company’s rapid expansion, particularly in Tamil Nadu, where AUM has more than doubled to ₹800 crore and is expected to cross ₹1,000 crore by March 2025. He also shared that Godrej Capital’s profit of ₹55 crore in the last financial year is projected to triple to ₹175 crore by March 2025.

The company currently has 3,800 channel partners and plans to expand this network to over 10,000 in the next two years.

Godrej Capital, launched in 2022, serves as the financial services arm of the Godrej Group, holding Godrej Housing Finance and Godrej Finance. It primarily focuses on home loans and loans against property.

Conclusion

Godrej Capital is positioning itself for an IPO within the next three years, having already surpassed ₹15,000 crore in AUM as of January 2025. Its growing channel partner network and continued investments in home loans and loans against property highlight its strategic push in the financial services sector.

As the company progresses toward its public listing, its expansion and financial performance remain key areas to watch.

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