Godrej Industries Group launches Rs 2,000 crore private credit fund

Godrej Industries Group, through its asset management arm Godrej Capital, has launched a private credit fund of Rs 2,000 crore with a green shoe option of Rs 1,000 crore, marking its entry into the fast-growing asset class. The fund will raise capital via private placement to high net-worth individuals, ultra-HNIs, family offices, and institutional investors.

The fund will focus on performing businesses and provide flexible capital for growth financing, acquisitions, refinancing, and working capital. Non-executive director Manish Shah said the move is a natural extension of the group's financial services presence, which already includes lending and wealth management. The fund will pursue a sector-agnostic performing credit strategy aimed at mid-market companies.

The launch comes as several firms, including 360 One, Motilal Oswal Alternates, and Edelweiss, have entered the private credit space over the past 12-18 months. Godrej's fund will be backed by hard collateral and covenant protections. The Godrej Industries Group reported FY26 revenues of $7.2 billion.