Godrej Ind to expand interest in financial services via Godrej Capital

Godrej Capital is looking at building a balance sheet of Rs 30,000 cr in the next 4 years

Godrej Capital, which was launched on Monday, will be the holding entity of both Godrej Finance and Godrej Housing Finance.

Godrej Industries will significantly expand interests in the financial services business by foraying into affordable housing finance and unsecured loans via Godrej Capital. Godrej Industries has already ventured into the mortgage loans and loan against property (LAP) space through Godrej Housing Finance.

Godrej Capital is looking to build a balance sheet of Rs 30,000 crore in the next four years, which is currently at Rs 1,800 crore, comprising Rs 1,400 crore worth of housing loans and Rs 400 crore of LAP. 

To build