Godrej Capital just scored a ₹2,500 crore investment from Singapore's Temasek Holdings, valuing the financial services business at up to ₹28,000 crore.
Even with this big cash boost, Godrej Industries will retain about 80% ownership following the deal.
Godrej Capital targets ₹1,00,000cr by 2031
Temasek is doubling down on India's booming finance sector. It already has a stake in ICICI Bank and is now backing Godrej Capital as it grows fast across more than 100 cities.
With assets worth ₹35,000 crore as of October and plans to hit ₹1 trillion by 2031 (plus plans to list the financial services arm in the next five years), Godrej Capital is aiming big: offering everything from personal loans to property loans along the way.