Godrej Capital targets ₹5,000 crore gold-loan AUM by 2031 after Kanakadurga acquisition
Godrej Capital has acquired Kanakadurga Finance’s gold-loan business, adding ₹280 crore in AUM, nearly 12,000 customers and 54 branches in Andhra Pradesh. The lender is targeting ₹5,000 crore in gold-loan AUM by 2031 and ₹1 lakh crore in overall AUM over five years.
Godrej Capital acquired Kanakadurga Finance’s gold-loan business, adding Rs 280 crore AUM and 54 Andhra Pradesh branches. It aims for Rs 5,000 crore in gold-loan AUM by 2031 and Rs 1 lakh crore overall AUM within five years.
Why this matters
The acquisition advances Godrej Capital’s recently signaled entry into gold loans through Kanakadurga Finance and supports its stated ₹5,000 crore gold-loan book target by 2031.
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