Adi Godrej on Godrej Capital IPO
From Godrej Enters Wealth Management Space, Targets ₹ 1 Lakh CR AUM By 2031 · · NDTV Profit
“So I think Godrej Capital we're clear we want to list within the next 5 years. So by March of 2031, we would like to list that business. Exactly when between now and then we do it is a little bit dependent on markets and how the business performs, but towards the latest stage of that 5-year period is when we expect a listing.”
On , Adi Godrej, Chairman at Godrej Group, spoke about Godrej Capital IPO during Godrej Enters Wealth Management Space, Targets ₹ 1 Lakh CR AUM By 2031 on NDTV Profit.
About Adi Godrej
Adi Godrej announced the launch of Godrej Wealth, a wealth management business targeting ₹1 lakh crore in assets under management by 2031. He described financial services as an area of significant opportunity in India and said wealth management was a logical next step after entering lending businesses five years ago through Godrej Capital, which includes an NBFC and a housing finance company. Godrej stated the investment in the wealth management business would be at most around ₹500 crore, focused on technology and personnel. Godrej also said Godrej Capital is expected to list within five years, by March 2031, with the exact timing dependent on market conditions and business performance. He noted that the group plans to enter allied businesses such as asset management over the next few years, but will proceed step by step. In Godrej Consumer Products, he mentioned a recent small acquisition of the men's face wash brand Must Talk.