Godrej Wealth has set ambitious targets for its asset management expansion, aiming for ₹3,000 crore in assets under management (AUM) by the end of the current financial year. The company has set its sights even higher, targeting ₹1 lakh crore in AUM across its wealth and asset management businesses by 2031. As per Business Standard, Godrej Capital MD and CEO Manish Shah confirmed the company is in the process of filing for its mutual fund licence and expects to enter the business in about a year. Both Godrej Wealth and Godrej Capital are part of the Godrej Industries Group.
According to the report, Godrej Wealth already holds a portfolio management services (PMS) licence and maintains a Category II alternative investment fund (AIF). The company is also preparing to launch its first private credit fund, as stated by Shah. The proposed mutual fund business will complement the company's existing open-architecture wealth management platform, which provides affluent and HNI clients access to mutual funds, PMS, AIFs, private credit and bespoke portfolio solutions. As per Business Standard, Shah emphasized the company's focus on building a full-fledged wealth and asset management offering over the coming year.
As reported by Business Standard, Godrej Wealth formally launched its business in Mumbai in June 2026 and expanded to Delhi on Thursday. The company is planning to expand across six more cities -- Pune, Hyderabad and Bengaluru in this quarter and Chennai, Ahmedabad and Kolkata in the next quarter. The expansion strategy focuses on serving the HNI and UHNI segments, with rising entrepreneurship, greater participation in financial markets and inter generational wealth transfer driving demand for wealth management services in the country.
According to latest market data, Godrej Industries shares are trading at ₹1,127.4 on NSE and ₹1,126.4 on BSE as of September 17, 2026. The stock has shown strong performance with a 31.2% increase over the past six months and a 33.9% year-on-year growth in Q3FY25. However, it has declined 6.07% over the last year and hit a 52-week low of ₹744.20 and high of ₹1,443.00. The company's market capitalization stands at ₹38,283.12 crore with a PE ratio of 446.54 and PB ratio of 21.59 as of September 17, 2026.
