Temasek to invest $342m in Godrej Industries’ financial services arm

Detailed summary

Temasek to invest $342m in Godrej Capital as India financial services deal values arm at up to 280 billion rupees. Read more at straitstimes.com.

Godrej Capital operates in over 100 cities and has assets under management of S$4.8 billion.

NEW DELHI – India’s Godrej Industries said on Nov 12 that Singapore’s Temasek Holdings will invest 25 billion rupees (S$342 million) in Godrej Capital through its affiliate, valuing the financial services business at up to 280 billion rupees.

Temasek’s investment in Godrej Capital marks another bet on India’s financial services sector. Temasek also holds a stake in ICICI Bank, India’s second-largest private-sector bank by market capitalisation.

The deal adds to a series of large transactions in India’s financial services sector in 2026, including Fairfax Financial Holdings picking up a 60.7% stake in IDBI Bank and Bank of America entering a joint venture to buy 49.9% stake in Jio Credit, the lending arm of Jio Financial Services.

“Financial services represents a major long-term growth area of focus for our Group, and our ambition is to build Godrej Capital into a 1 trillion-rupee AUM franchise by 2031,” said Pirojsha Godrej, chairman of Godrej Industries Group.

Founded in 2020, Godrej Capital operates in over 100 cities and had assets under management of 350 billion rupees as of Oct 31, 2026.

The company, through its subsidiaries, serves businesses and individuals across India with home loans, loans against property, working capital loans, construction finance and personal loans, among others.

The investment comes after Godrej Industries said it plans to list the financial services arm in the next five years. REUTERS

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