Godrej Industries Limited (GIL) announced the launch of Godrej Capital Limited (GCL). GCL is a subsidiary of GIL and is the holding entity for Godrej Housing Finance (an HFC) and Godrej Finance Limited (an NBFC). With the ultimate aim of building a world class retail financial services business and a near term aim of building an INR 3,00,000 million balance sheet by 2026, GIL has committed to invest INR 15,000 million in capital in GCL.

Godrej Capital currently has its footprint across Mumbai, Bengaluru, Delhi NCR, Ahmedabad, and Pune and will soon be operational in six new cities, i.e., Jaipur, Chandigarh, Hyderabad, Chennai, Indore and Surat.