Latest news with #GodrejCapital
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Business Standard
06-07-2025
- Business
- Business Standard
Godrej Capital eyes 2-fold AUM rise by FY28, rules out capital infusion
Over the next two years -- FY27 and FY28 -- it plans to nearly double the AUM to ₹50,000 crore, its managing director and chief executive Manish Shah said Non-bank lender Godrej Capital's assets under management have grown to about ₹18,000 crore. Press Trust of India Mumbai Non-bank lender Godrej Capital's assets under management have grown to about ₹18,000 crore, and the company is targeting to close FY26 at over ₹25,000 crore, a top official has said. Over the next two years -- FY27 and FY28 -- it plans to nearly double the AUM to ₹50,000 crore, its managing director and chief executive Manish Shah told PTI. The company, in which parent Godrej Industries owns over 90 per cent stake, has sufficient capital right now as most of the capital committed by the group has already come in, he said. "Until such time as we list, the capital will come from the group. Most of it we have already received. We don't need a lot more capital over the next few years," Shah said. The parent firm has infused an additional Rs 285 crore into the company to increase its stake by 1.41 per cent to a total of 90.89 per cent. Shah said the company is also delivering profits now, which can be reploughed back into the business for asset growth, but made it clear that the ultimate aim of the company is to list on exchanges like its fellow group companies such as Godrej Properties. At present, about Rs 3,000 crore of assets, or about a sixth of the overall AUM, has been sourced from group companies, Shah said, adding that this reliance will keep going down over time. Godrej Capital is looking at entering into the supply chain finance segment, and this is where it may go into fellow group companies for help in sourcing customers looking for finance, he said. As per a recent regulatory disclosure, its consolidated income grew to Rs 1,620 crore in FY25, from Rs 889.14 crore in the year-ago period. Shah, who was speaking on the sidelines of a company event to announce a partnership with customer relationship management company Salesforce, said it is very difficult for businesses to get the technology architecture right. Service of the customer should be the first motivation while embarking on a technology journey, he said, adding that a right balance by keeping in mind requirements like data privacy can ensure a win-win for all stakeholders. It is taking Salesforce's help to streamline its front end used by the customer facing executives, Shah said, adding that the core system on which the company runs remains intact. Salesforce will be helping Godrej put the necessary digital lending infrastructure which will make loan processing faster and improve the customer experience, the CRM company's president and chief executive for south Asia Arundhati Bhattacharya said. Replying to concerns on AI taking up jobs, Bhattacharya said Indians should not resist such a technology transition but leap into it instead. She said there will be some pain as AI's adoption increases, but added that she does not believe AI will lead to less jobs. However, the nature of jobs may undergo a change, the career SBI banker who joined Salesforce after retiring as chairman, said.
Time of India
04-07-2025
- Business
- Time of India
Salesforce to advance AI-led processes for godrej capital's lending business
Godrej Capital, the financial services arm of the Godrej Industries Group, and Salesforce, the #1 AI CRM*, today announced a strategic collaboration to deepen Godrej Capital's subsidiaries' technology edge in digital lending infrastructure and drive superior customer experience across its portfolio in India. Deloitte India has been onboarded as the implementation partner for this initiative, facilitating seamless integration and accelerated deployment of Salesforce's advanced platforms across Godrej Capital's lending for its consistent focus on innovation and early adoption of GenAI-driven solutions, this collaboration with Salesforce reflects a shared vision to build a future-ready, digitally agile lending ecosystem. With Deloitte's proven expertise in delivering large-scale technology transformations, the partnership is expected to significantly enhance operational agility, customer experience, and risk intelligence across the company's product portfolio. As a part of this collaboration, the company is enhancing its lending infrastructure by consolidating its Loan Origination System (LOS) into best-in-class AI-driven platforms, powered by Salesforce, across its entire product line, alongside its existing core customer relationship management (CRM) platform. This modernized infrastructure enables the delivery of highly intelligent, seamless, and personalized lending journeys - right from initial application to disbursement. These enhancements are aimed at further improving turnaround times, driving accuracy, and strengthening credit delivery for individuals and enterprises across India. By leveraging Salesforce's AI-driven insights, the company is creating a more agile, data-lending process to support smarter cross-selling strategies, sharpen risk management, and deliver more tailored experiences at scale. With a unified 360-degree view of customers across products, channels, and touchpoints, the company is well-positioned to continue offering exceptional customer service, operational agility, and minimized manual interventions across its lending lifecycle. Comments on the news: Manish Shah, MD & CEO, Godrej Capital , said, 'At Godrej Capital, our technology-first approach and ongoing investments in GenAI have been key to how we scale financial solutions. Our continued association with Salesforce, a global leader in AI-driven platforms complements these efforts, enabling us to deliver even smarter credit experiences, improve operational efficiency, and create new opportunities for personalization and speed. More importantly, this partnership reflects our shared focus on applying technology to solve real-world challenges in financial services and supporting India's broader economic growth through a more inclusive, agile lending ecosystem.' Arundhati Bhattacharya, President and CEO, Salesforce - South Asia , shared, 'The financial services industry is at a defining moment — where technology is not just enhancing systems, but fundamentally reshaping how institutions engage, decide, and serve their customers. In a digital-first world, the future will belong to those who lead with intelligence, agility, and trust. AI is central to this shift - enabling faster decisions, deeper customer insight, and more personalized engagement at scale. Godrej Capital stands out as a bold innovator in this space - combining a strong customer-first ethos with a digital-first mindset. As they reimagine credit delivery not only for India's MSMEs but for every borrower, entrepreneur, and household that fuels the country's growth, we're proud to support their journey with a unified, AI-powered platform that brings together data, intelligence, and speed to unlock the next frontier of inclusive growth.' Ashwin Ballal, Partner, Deloitte India , added, 'We are pleased to partner with Godrej Capital on this ambitious transformation. The integration of Salesforce's AI-led platforms, combined with Godrej Capital's digital-first vision, presents a tremendous opportunity to reshape lending experiences in India. Our deep domain knowledge, proven implementation capabilities, and global best practices will support Godrej Capital in building an agile, scalable, and future-ready digital infrastructure that delivers real business impact.' With an expanding footprint, Godrej Capital continues to invest in scalable, future-ready technology. Its in-house teams are driving GenAI-led solutions across functions to enhance efficiency. Strengthening this, SAKSHAM, the company's enterprise-grade GenAI and ML platform, centralises AI development, enables secure LLM integration, and simplifies governance to deliver intelligent, customer-centric solutions for the evolving BFSI landscape. As part of the ongoing product innovation, Salesforce continues to expand the boundaries of enterprise AI with Agentforce — the Salesforce Platform that enables companies to build and deploy AI agents capable of autonomously taking action across business functions. Agentforce represents the next evolution of Salesforce — a platform where AI agents work alongside humans to create a digital workforce that amplifies human potential and delivers results with unmatched speed and intelligence. *Salesforce, the #1 CRM , powered by AI technology and capabilities .
Business Standard
30-06-2025
- Business
- Business Standard
Godrej Capital Expands Its LGBTQIA+ Inclusion Agenda with 'Qnity'
PRNewswire Mumbai (Maharashtra) [India], June 30: Reinforcing its commitment to equity and inclusion, Godrej Capital, the financial arm of Godrej Industries Group has launched Qnity, an Employee Resource Group (ERG) for LGBTQIA+ employees and allies. This marks a key milestone in the company's DEI journey, building on the foundation of Pride Capital, an initiative focused on expanding queer representation. Qnity aims to offer a safe, supportive space that strengthens allyship and drives continued engagement through programming, dialogue, and leadership involvement. Over the past year, the company screened over 500 LGBTQIA+ profiles through targeted community outreach and strategic partnerships. This led to a fivefold increase in the onboarding of LGBTQIA+ professionals during this year's Pride Month, reflecting the company's growing commitment to representation and belonging in the financial services industry. Godrej Capital has backed this cultural intent with action. Its inclusive policies include all-gender restrooms across office locations, gender affirmative care policy, flexible leave for diverse life journeys, and loan products tailored for same-gender partners, a first among several NBFCs. These measures reflect the company's belief that inclusion must extend beyond the workplace and into the lives of the communities it serves. Additionally, Pride Path, an award-winning hiring initiative, was designed to set new benchmarks for inclusion in the industry. Focused on expanding opportunities within the Collections function, it opened doors for LGBT+ individuals and cis women, acknowledging the strength of diverse talent and perspectives. The initiative reflects the organisation's commitment to fostering a workplace where everyone has the opportunity to grow and thrive. Celebrating Pride Month 2025, the company launched a series of purpose-driven initiatives to build awareness and encourage allyship. In partnership with the Aravani Art Project, a trans-led collective, a mural titled "Building Financial Inclusion Together" was co-created at the upcoming Kanjurmarg office. Developed with participation from queer artists and senior leaders, the mural is a vibrant symbol of unity, identity, and visible allyship. The company also brought queer narratives to its customer-facing teams through Nukkad Natak performances across branches, creating space for dialogue and empathy. Internally, a sensitization campaign titled Inclusion 101 was rolled out to promote inclusive language, understanding of microaggressions, and everyday allyship reflecting the company's intent to move beyond symbolic gestures and build lasting change. Bhavya Misra, Chief Human Resources Officer, Godrej Capital, said, "Inclusion is meaningful only when it's part of how people experience the workplace every day. The launch of Pride Capital brings that to life by creating space for LGBTQIA+ employees and allies to connect, feel seen, and shape a culture rooted in belonging. It is an attempt to create a space where identities are respected, voices are heard, and support is backed by action." Qnity will continue to drive year-round engagement through mentorship circles, learning forums, partnerships, and more. As Pride Month 2025 concludes, the ERG sets the stage for deeper inclusion, one that is rooted in representation, respect, and recognition for all identities. About Godrej Capital Godrej Capital is the financial services arm of the Godrej Industries Group. It is a subsidiary of Godrej Industries and is the holding company for Godrej Housing Finance & Godrej Finance. Godrej Housing Finance Limited extends housing loans, and the Affordable Housing vertical is housed with GHFL. With a digital-first approach and a keen focus on customer-centric product innovation, Godrej Capital offers home loans, Loans against Property, and business loans. It is positioned to diversify into other customer segments and products. The company is focused on building a long-term, sustainable retail financial services business in India, anchored on the Godrej Group's 127-year legacy of trust and excellence. Godrej Capital focuses on learning and development across its employee base and is committed to diversity, equity, and inclusion as a guiding principle. Its entity, GHF, is Great Place to Work® Certified and was recognised by the Economic Times as the Best Organization for Women in 2022. Godrej Capital currently has its footprint across Mumbai, Bangalore, Delhi, Pune, Ahmedabad, Chennai, Indore, Chennai, Hyderabad, Jaipur, Chandigarh, Alwar, Aurangabad, Baroda, Coimbatore, Jalandhar, Jodhpur, Kanchipuram, Mangalore, Salem, Ludhiana, Mysore, Nagpur, Nashik, Rajkot, Udaipur, Vapi, Vijayawada, Rangareddy, Vishakhapatnam, Thane, Lucknow, Panipat, Kanpur, Raipur, Kolhapur, Rajamundry, Warangal, Hubli, Cochin, Hosur and Madurai.
Business Standard
12-06-2025
- Entertainment
- Business Standard
Pride@Godrej 2025: Beyond Symbolism, Empowering LGBTQIA+ Voices and Businesses
PRNewswire Mumbai (Maharashtra) [India], June 12: This year, Pride@Godrej builds on a decade-long project of cultural inclusion within the Godrej Industries Group, to create a meaningful platform for authentic queer storytelling, entrepreneurial spirit and artistic expression. The Group recently hosted a vibrant Pride March at its headquarters, Godrej One, led by Manish Shah, Managing Director of Godrej Capital, and joined by senior leaders across the organization. This march was a powerful demonstration of solidarity with the LGBTQIA+ community, including Godrej's queer employees in India and globally, alongside their allies. A key highlight of Pride@Godrej 2025 was the launch of Queer Directions--a pioneering publishing imprint in collaboration with Westland Books, dedicated to amplifying queer voices and narratives. The event began with the Pitch Bazaar, where over a dozen unpublished queer writers connected with publishers and media professionals. In parallel, a Queer Bazaar showcased products from queer-owned small businesses, fostering visibility and economic opportunities. The celebration culminated in a delightful performance of Jhumkewali, a play supported by Godrej Properties Limited, which explores themes of lesbian first love and self-discovery set in the 1970s. Performed in multiple Indian languages, the play embodied the event's inclusive ethos, celebrating the intersection of queerness with India's linguistic and cultural diversity. This day-long celebration seamlessly blended culture, conversation, and community through thoughtfully curated experiences. "What excites me most about this celebration is how we moved beyond just rainbow flags to create real opportunities," said Parmesh Shahani, Head of the Godrej DEI Lab and author of Queeristan. "When queer writers feel confident enough to pitch their stories to industry professionals, when small queer businesses get a platform to showcase their work, that's when you know inclusion is working. We are not just talking about diversity; we are actively creating pathways for queer voices to thrive." "The launch of Queer Directions represents our belief that great stories deserve great platforms," said Karthika V.K., Publisher at Westland Books. "This isn't just about publishing--it's about ensuring that authentic queer narratives find their rightful place in Indian literature and reach readers who need to see themselves reflected in books." Throughout June, the Group companies will engage in a series of impactful Pride-focused initiatives, moving beyond symbolic gestures to drive meaningful change. Godrej Properties is celebrating Pride Month across its zones with Pride marches, storytelling sessions, inclusive workshops, and creative activities such as art contests and wall painting. Godrej Capital is fostering inclusion through events at Pride@Godrej One, including Nukkad Nataks, allyship panels, LGBTQIA+ hiring drives, and wellness programs. Godrej Consumer Products is leading QueeRising 2025, a global campaign celebrating queer identity through conversations, connections, and inspiring change. Godrej Chemicals is championing Pride Month with awareness campaigns and LGBT+ sensitization workshops, while Godrej Agrovet Limited is organizing employee workshops focused on workplace allyship. This year too, a Pride flag and other queer-affirming signage have sparked meaningful conversations among employees and visitors alike, reflecting the organization's evolving commitment to visibility, dialogue, and genuine inclusion. About the Godrej DEi Lab The Godrej DEI Lab empowers inclusion ecosystems both within and outside the Godrej Industries Group. About Godrej Industries Group Godrej Industries Ltd. is the holding company of the Godrej Industries Group (GIG). We are privileged to serve over 1.1 billion consumers globally through our businesses with market leadership positions in the consumer products, real estate, agriculture, financial services and chemicals industries. About Westland Books Westland Books is an award-winning Indian publisher with a diverse and exciting range of books from popular and literary fiction to business, politics, biography, spirituality, popular science, health and self-help. Its key publishing imprints include Context, Ekada, Tranquebar, Westland Sport, Westland Business, IndiePress, IF and Red Panda.
Malaysian Reserve
12-06-2025
- Entertainment
- Malaysian Reserve
Pride@Godrej 2025: Beyond Symbolism, Empowering LGBTQIA+ Voices and Businesses
MUMBAI, India, June 12, 2025 /PRNewswire/ — This year, Pride@Godrej builds on a decade-long project of cultural inclusion within the Godrej Industries Group, to create a meaningful platform for authentic queer storytelling, entrepreneurial spirit and artistic expression. The Group recently hosted a vibrant Pride March at its headquarters, Godrej One, led by Manish Shah, Managing Director of Godrej Capital, and joined by senior leaders across the organization. This march was a powerful demonstration of solidarity with the LGBTQIA+ community, including Godrej's queer employees in India and globally, alongside their allies. A key highlight of Pride@Godrej 2025 was the launch of Queer Directions—a pioneering publishing imprint in collaboration with Westland Books, dedicated to amplifying queer voices and narratives. The event began with the Pitch Bazaar, where over a dozen unpublished queer writers connected with publishers and media professionals. In parallel, a Queer Bazaar showcased products from queer-owned small businesses, fostering visibility and economic opportunities. The celebration culminated in a delightful performance of Jhumkewali, a play supported by Godrej Properties Limited, which explores themes of lesbian first love and self-discovery set in the 1970s. Performed in multiple Indian languages, the play embodied the event's inclusive ethos, celebrating the intersection of queerness with India's linguistic and cultural diversity. This day-long celebration seamlessly blended culture, conversation, and community through thoughtfully curated experiences. 'What excites me most about this celebration is how we moved beyond just rainbow flags to create real opportunities,' said Parmesh Shahani, Head of the Godrej DEI Lab and author of Queeristan. 'When queer writers feel confident enough to pitch their stories to industry professionals, when small queer businesses get a platform to showcase their work, that's when you know inclusion is working. We are not just talking about diversity; we are actively creating pathways for queer voices to thrive.' 'The launch of Queer Directions represents our belief that great stories deserve great platforms,' said Karthika V.K., Publisher at Westland Books. 'This isn't just about publishing—it's about ensuring that authentic queer narratives find their rightful place in Indian literature and reach readers who need to see themselves reflected in books.' Throughout June, the Group companies will engage in a series of impactful Pride-focused initiatives, moving beyond symbolic gestures to drive meaningful change. Godrej Properties is celebrating Pride Month across its zones with Pride marches, storytelling sessions, inclusive workshops, and creative activities such as art contests and wall painting. Godrej Capital is fostering inclusion through events at Pride@Godrej One, including Nukkad Nataks, allyship panels, LGBTQIA+ hiring drives, and wellness programs. Godrej Consumer Products is leading QueeRising 2025, a global campaign celebrating queer identity through conversations, connections, and inspiring change. Godrej Chemicals is championing Pride Month with awareness campaigns and LGBT+ sensitization workshops, while Godrej Agrovet Limited is organizing employee workshops focused on workplace allyship. This year too, a Pride flag and other queer-affirming signage have sparked meaningful conversations among employees and visitors alike, reflecting the organization's evolving commitment to visibility, dialogue, and genuine inclusion. About the Godrej DEi Lab The Godrej DEI Lab empowers inclusion ecosystems both within and outside the Godrej Industries Group. About Godrej Industries Group Godrej Industries Ltd. is the holding company of the Godrej Industries Group (GIG). We are privileged to serve over 1.1 billion consumers globally through our businesses with market leadership positions in the consumer products, real estate, agriculture, financial services and chemicals industries. About Westland Books Westland Books is an award-winning Indian publisher with a diverse and exciting range of books from popular and literary fiction to business, politics, biography, spirituality, popular science, health and self-help. Its key publishing imprints include Context, Ekadā, Tranquebar, Westland Sport, Westland Business, IndiePress, IF and Red Panda. Photo:
