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The wealth arm would be part of Godrej Financial Services, which reported a 142.6% increase in consolidated net profit to ₹444 crore from ₹183 crore in the previous year.
“As India’s wealth base expands, there is a growing need for institutions capable of providing long-term financial guidance across generations,” said Pirojsha Godrej, chairperson designate, Godrej Industries Group.
“Godrej group’s legacy and trust would form the foundation of the new wealth management platform,” he said.
Godrej expects wealth management to be a key long-term growth driver for the group’s financial services business. The company also plans to enter the asset management space in the coming years as part of its broader financial services strategy. The listing of the company is expected in the next five years, the executives said.
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https://economictimes.indiatimes.com/markets/stocks/news/godrej-industries-launches-wealth-management-company/articleshow/131473655.cms
