Godrej Capital acquires gold loan portfolio for ₹117 cr
pre-market1 source ↓written by the desknot a recommendation
- loan business
- ₹117 crore
- in assets
- ₹280 crore
- to its portfolio
- 12,000 customers
- by 2031
- ₹1 lakh crore AUM
Godrej Capital has entered the gold loan segment by acquiring Kanakadurga Finance's gold loan business for ₹117 crore. This acquisition adds ₹280 crore in assets under management (AUM) and nearly 12,000 customers to its portfolio, enhancing its consumer finance presence. The move aligns with its goal to reach ₹1 lakh crore AUM by 2031.
Not investment advice. For informational purposes only.