# Godrej Capital to co-lend gold loans with Indel Money

2026-08-17T09:10:05+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Godrej Capital will co-lend gold loans with Indel Money, starting with an initial book size of around Rs 200 crore, according to ETBFSI. Godrej Capital will retain 80 per cent of the loan exposure, while Indel Money accounts for the remaining 20 per cent. Technology integration for the co-lending arrangement is in its final stages, and lending is expected to begin this quarter, ETBFSI reported, citing executives. The initial book will be assessed before deciding on further expansion. The partnership follows Godrej Capital's entry into the gold loan segment through the acquisition of Kanakadurga Finance's gold loan business in July. That deal added a Rs 280 crore portfolio, 12,000 customers, and 54 branches in Andhra Pradesh. Godrej Capital MD & CEO Manish Shah told ETBFSI in June that co-lending remains under 5 per cent of the company's Rs 30,000 crore book.

## Coverage

- bfsi.economictimes.indiatimes.com <https://bfsi.economictimes.indiatimes.com/articles/godrej-capital-to-co-lend-gold-loans-with-indel-money-initial-book-size-likely-to-be-rs-200-cr/133279945>

This story was synthesised by AI from the source linked above.

Tags: Godrej Capital, gold loan, Indel Money, Manish Shah
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