Manish Shah, MD and CEO, Godrej Capital
| Photo Credit:
BIJOY GHOSH
Godrej Capital, the financial services arm of the Godrej Industries Group, has entered into a Memorandum of Understanding (MoU) with the Government of Telangana to accelerate the growth and development of MSMEs across the state by fostering greater access to credit and business opportunities.
According to the MoU, the Telangana Government and Godrej companies will work closely to drive large-scale MSME credit penetration across the state. The partnership aims to strengthen the MSME ecosystem by enabling improved access to formal credit, particularly for underserved and first-time borrowers.
“ This collaboration is a strong step towards empowering the MSME ecosystem, especially women-led enterprises. Telangana remains a key priority market for us to empower and enable growth-led avenues for small-scale businesses,’‘ Manish Shah, MD & CEO, Godrej Capital said in a release.
“With our tech-enabled lending and quick approvals, we aim to unlock new growth opportunities for MSMEs across Telangana, especially women-led businesses,’‘ he added,
Jayesh Ranjan, Special Chief Secretary, Industries & Commerce Department, said: “We are pleased to collaborate with Godrej Finance Ltd. and Godrej Housing Finance Ltd., both subsidiaries of Godrej Capital Ltd., for providing innovative, digital-first lending solutions and tailored financial products to our local MSMEs, especially women entrepreneurs.’‘
The initiative focuses on digital-first lending solutions tailored to the unique needs of MSMEs and aligns with the state’s vision of inclusive, innovation-led growth. Through Godrej Capital’s women-focused initiative, Aarohi, special emphasis will be placed on supporting women entrepreneurs. This collaboration seeks to bridge the credit gap, foster entrepreneurship, and accelerate economic growth across emerging business hubs in Telangana.
Telangana is one of India’s fastest-growing states, known for its dynamic business ecosystem and strong commitment to MSME development, further reinforced by the MSME Policy 2024, which emphasizes credit access, digital adoption, and infrastructure support.
Through its subsidiaries, Godrej Capital offers a diverse suite of loan products to meet the varying needs of MSMEs and individual borrowers. These include Loan Against Property, smaller-ticket Udyog Loan Against Property, and unsecured business loans.
Published on April 9, 2025
