Godrej Industries enters wealth management, targets Rs 1 lakh crore AUM by 2031
After scaling lending to Rs 27,000 crore AUM, Godrej Industries is launching Godrej Wealth for HNIs with Rs 2 crore+ investable assets. The unit will scale from 7-8 to 35 locations and chase Rs 1 lakh crore AUM by 2031, mirroring its lending ambition. A financial services listing is on the table within five years.
What happened
Godrej Industries is launching Godrej Wealth, entering wealth management for HNIs with Rs 2 crore+ assets. Targets Rs 1 lakh crore AUM each in wealth and
Key facts
- Rs 1 lakh crore AUM wealth target by 2031
- Rs 1 lakh crore AUM lending target by 2031
- Rs 27,000 crore current lending AUM
- Rs 2 crore minimum investable assets
- 500 lending locations
- 7-8 wealth locations scaling to 35
Why this matters
Godrej's lending-to-wealth playbook signals an acquisitive appetite for boutique wealth managers and RM teams, opening partnership or tuck-in M&A windows for sub-scale HNI advisory firms.