Godrej Industries Group has entered the wealth management segment with the launch of Godrej Wealth and has set a goal of reaching Rs 1tn ($10.5bn) in assets under management by 2031.
The business will sit within Godrej Investments, a subsidiary of the group, and will operate alongside Godrej Capital, its lending arm, under the wider financial services platform.
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The group intends to take the wealth business to 35 locations across India over the next five years.
Pirojsha Godrej, Chairperson Designate of Godrej Industries Group, said the expansion of India’s wealth base and the increasing role of financial assets were creating a requirement for institutions that can provide long-term stewardship across generations.
“For over 129 years, the Godrej Group has stood for governance, trust and institution building. Through Godrej Wealth, we aim to bring the same institutional rigour and long-term perspective to individuals and families navigating increasingly complex financial needs,” he said.
Godrej Wealth will focus mainly on individuals with investable assets of Rs 20m or more.
This includes entrepreneurs, new-age wealth creators, multi-generational business families, non-resident Indians (NRIs) and investors looking for multi-asset solutions.
The offering will cover wealth management, succession and legacy planning, private market investments, overseas investment avenues and portfolio structuring.
The business will be organised around four areas: integrity-led wealth management, technology-enabled solutions, global diversification and long-term wealth governance.
The platform will also aim to respond to a growing preference among investors for insight-led and conflict-free advisory services instead of traditional product-led distribution models.
