Mumbai : Godrej Capital, the financial services arm of the Godrej Group, announced the launch of unsecured business loans tailored specifically for micro, small and medium-sized enterprises (MSMEs). Recognizing the pertinent challenges faced by these businesses, Godrej Capital aims to provide accessible financing options that address their unique needs of cash flow management by offering innovative and flexible repayment options.
The loan also provides several other benefits, including a fully digitized process, quick sanction and disbursal, longer tenure of up to 60 months, and an industry-first reward program on timely repayments.
MSMEs are vital to India's economic growth, contributing to job creation, innovation, and overall prosperity. However, these businesses often need help accessing timely and flexible financing solutions. Challenges such as lack of collateral and seasonal business cycles can hinder their growth and expansion plans. Godrej Capital is addressing this by providing flexible lending solutions that allow MSMEs to repay their loans in sync with their business cycles.
Godrej Capital will be offering business loans across Mumbai, Bangalore, Delhi-NCR, Pune, Ahmedabad, Surat, Indore, Chennai, Hyderabad, Jaipur, Chandigarh, Alwar, Aurangabad, Baroda, Coimbatore, Jalandhar, Jodhpur, Kanchipuram, Mangalore, Salem, Ludhiana, Mysore, Nagpur, Nashik, Rajkot, Udaipur, Vapi, Vijayawada, Rangareddy, Vishakhapatnam and Thane.
"We understand the challenges MSMEs face and their critical role in driving economic growth and are happy to expand our product offerings through unsecured business loans. We have expanded our geographic presence and now offer business loans in 31 key markets. We are committed to becoming a lender of choice for MSMEs by developing innovative, flexible products that complement the cashflows of a business owner," said Manish Shah, Chief Executive Officer of Godrej Capital.
Godrej Capital recently launched a new digital platform, Nirmaan, to provide MSME owners with an all-inclusive opportunity to grow their businesses. The company has initially partnered with Amazon Global Selling, Onsurity, Zolvit, and MSMEx to help increase the potential market reach, simplify legal and compliance, enhance employee health and welfare, and provide business coaching for small businesses.
Since starting business operations in November 2020, Godrej Capital has built a balance sheet of INR 6500 crores across housing, SME, and MSME loans.
About Godrej Capital
Godrej Capital is the financial services arm of the Godrej Group. It is a subsidiary of Godrej Industries and is the holding company for Godrej Housing Finance & Godrej Finance. With a digital-first approach and a keen focus on customer-centric product innovation, Godrej Capital offers home loans, Loans Against Property and business loans. It is positioned to diversify into other customer segments and products. The company is focused on building a long-term, sustainable retail financial services business in India, anchored on the Godrej Group's 126-year legacy of trust and excellence. Godrej Capital focuses on learning and development across its employee base and is committed to diversity, equity, and inclusion as a guiding principle. Its entity, GHF, is Great Place to Work®- Certified and was recognized by Economic Times as the Best Organization for Women for 2022.
Godrej Capital currently has its footprint across Mumbai, Bangalore, Delhi, Pune, Ahmedabad, Surat, Indore, Chennai, Hyderabad, Jaipur, Chandigarh, Alwar, Aurangabad, Baroda, Coimbatore, Jalandhar, Jodhpur, Kanchipuram, Mangalore, Salem, Ludhiana, Mysore, Nagpur, Nashik, Rajkot, Udaipur, Vapi, Vijayawada, Rangareddy, Vishakhapatnam and Thane.
About Godrej Capital Nirmaan
Godrej Capital Nirmaan, a first of its kind in the BFSI industry, is a digital platform that is set to empower Micro, Small, and Medium Enterprises (MSMEs) for sustainable growth. With its innovative approach and comprehensive offerings, Nirmaan aims to transform the landscape of MSMEs, providing them with the tools and resources needed to thrive in today's competitive business environment. Through expert advising, efficient facilitation, and innovative financing solutions, Nirmaan aims to elevate MSMEs to new heights of growth and success. Carefully curated, Nirmaan packs a range of partners that provide services critical to the growth of MSMEs. The partners facilitated on Nirmaan platform engage with users through their own bespoke terms. For more details visit www.godrejcapitalnirmaan.com
