Godrej Industries (GL) has incorporated a new subsidiary Godrej Investment Ltd (GIL).
- The new Company will serve as the umbrella holding company for group’s financial services businesses.
- The group’s current lending operations, housed under Godrej Capital Ltd., include Godrej Housing Finance Ltd. and Godrej Finance Ltd., a Non-Banking Financial Company (NBFC).
- Godrej Capital under the new structure will become the subsidiary of GIL.
- As of March 31, 2025, these businesses managed Assets Under Management (AUM) totaling ₹16,930 crore. This figure represents tripling in two years, up from ₹5,124 crore as of March 2023.
- GIL is also expected to get into the booming wealth management business.
- The Indian wealth management market is forecast to experience robust growth, with AUM expected to nearly double from $1.1 trillion to $2.3 trillion between FY24 and FY29 (Deloitte estimates).