Godrej Capital expands MSME lending footprint in UP; targets Rs 500 crore by FY27

Godrej Capital, the financial services arm of the Godrej Industries Group, has announced here on Tuesday that its subsidiary, Godrej Finance Limited (GFL), has strengthened its presence in Uttar Pradesh to enhance access to credit for micro, small and medium enterprises (MSMEs).

The company has achieved over Rs 170 crore in loan bookings and Rs 125 crore in AUM across Lucknow, Agra, Kanpur, and Varanasi, supported by a network of more than 400 channel partners.

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The company plans to expand into nine additional cities, including Meerut, Bareilly, Prayagraj, Gorakhpur, Saharanpur, Gonda, Etawah, Jhansi and Moradabad, in the next one year.

Supported by a robust portfolio, prudent underwriting standards and strong borrower discipline, the company targets to reach Rs 500 crore in Uttar Pradesh by the financial year 2027.

Uttar Pradesh is a prominent hub for MSMEs in India, hosting one of the largest concentrations of enterprises and accounting for over 9 percent of the country’s registered units, highlighting its strategic importance in the national landscape.

The company’s growth in the state has been supported by a dynamic entrepreneurial ecosystem, bolstered by government initiatives, established industrial clusters, and enhanced infrastructure connectivity.

Godrej Capital, MD & CEO Manish Shah, told media persons here that, “Uttar Pradesh’s expanding economy and resilient MSME base place the state at the centre of India’s next phase of growth, and we see tremendous long-term opportunity here. As we scale our geographic footprint to 13 key locations in the coming year, we are also investing in building strong local teams and a wider network of channel partners.”

He said under its flagship inclusion platform, Aarohi, the company offers specialised loan solutions for women entrepreneurs, featuring tailored products and preferential interest rates.

Aarohi is designed to empower women across multiple dimensions – as borrowers, employees, channel partners, and community leaders, and reflects Godrej Capital’s commitment to fostering gender equity in the financial ecosystem.