Housing finance and lending activity to gain strength under new structure; company commits investment of Rs1,500 crore
With a move to expand their presence in the financial services space, Godrej Industries on Monday announced the creation of Godrej Capital, a holding company through which it will carry out its existing housing finance and lending businesses.
Godrej Capital will own both the wholly-owned unlisted subsidiaries. Godrej Housing Finance, which was launched in October 2020, will look at prime and affordable housing mortgage loans, while loan against properties and other forms of lending will be carried out by Godrej Finance, a non-banking financial company.