Key facts
- Godrej Industries has launched a new wealth management company named Godrej Wealth.
- The company aims to achieve ₹1 lakh crore in assets under management by 2031.
- Godrej Wealth will serve affluent and high net worth individuals.
- The target client base has investable assets of ₹2 crore and above.
Godrej Industries has officially launched its new wealth management division, named Godrej Wealth. The company has set an ambitious target to manage ₹1 lakh crore in assets under management by the year 2031. This new venture is designed to cater specifically to affluent individuals and high net worth individuals (HNIs) who possess investable assets amounting to ₹2 crore and above. The establishment of Godrej Wealth signifies Godrej Industries' expansion into the financial services sector, aiming to capture a significant share of the growing wealth management market.