Godrej Capital, the financial services arm of the Godrej Group, has forayed into Rajasthan.
The company will aim for a 10% market share with a focus on loan against property (LAP), a company official said.
In addition, it will launch unsecured business loans for micro, small and medium enterprises (MSMEs) in the fourth quarter of FY23 and foray into supply chain financing.
“We are looking to expand our existing operations and expand our offering through product innovation. Jaipur has huge potential and is an important market to start our expansion journey in Rajasthan,” said Godrej Capital Director and CEO Manish Shah.
Godrej Capital ended the first half of the financial year with a balance sheet of Rs 3,500 crore and plans to grow to Rs 6,000 crore in FY23, targeting Rs 30,000 crore by 2026.
With a vast network of over 970 partners and over 270 developers, Godrej Capital serves nearly 7,000 clients in home and property loans.
(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is automatically generated from the aggregated source.)