India, June 3 -- Godrej Industries Group, through its subsidiary Godrej Investments Limited, on Tuesday announced the launch of its wealth management business, Godrej Wealth, targeting assets under management (AUM) of Rs.1 lakh crore by 2031.

The new platform aims to build a trust-led, technology-enabled wealth management business catering to India's rapidly expanding affluent and high-net-worth individual (HNI) segment. The company also plans to expand its presence across 35 locations over the next five years.

Godrej Wealth will operate alongside Godrej Capital, the group's lending arm, with both entities forming the financial services vertical of Godrej Industries Group.

Focus on India's growing wealth ecosystem

The new business wil...