Godrej Capital enters gold loans with Kanakadurga Finance acquisition
Through Godrej Finance, Godrej Capital has acquired Kanakadurga Finance’s gold-loan business, adding ₹280 crore in AUM, nearly 12,000 customers and 54 branches across Andhra Pradesh. The move supports its ₹1 lakh crore AUM target by 2031.
Godrej Capital acquired Kanakadurga Finance’s gold-loan business via Godrej Finance, gaining Rs 280 crore AUM, 54 Andhra Pradesh branches and nearly 12,000 customers. The deal marks its entry into gold loans and supports its Rs 1 lakh crore AUM ambition by 2031.
Why this matters
No related recent Godrej Capital signals are provided; the Kanakadurga acquisition marks its entry into gold loans and adds an established branch network in Andhra Pradesh.
Retail-company signals are accelerating, up 1,010,800% QoQ.