Godrej Capital plans to achieve 10% market share across MSME lending in Tamil Nadu
Chennai, October 19, 2023: Godrej Capital, the financial services arm of Godrej Group, recently launched unsecured business loans explicitly tailored for MSMEs and aims to tap 10% of the market share in Tamil Nadu across MSME lending. The company has expanded its operations in the state by opening new branches in Kanchipuram, Salem, and Coimbatore, in addition to its existing presence in Chennai. Press meet video link ЁЯСЗ The company has partnered with 150+ Channel partners across Tamil Nadu to provide various product offerings across MSMEs. Tamil Nadu remains an essential market for Godrej Capital as private lenders account for over "INR 700 crores per month across secured and unsecured loans for MSMEs. The company aims to scale up the unsecured business and enhance its Loan Against Property business for a broader customer segment and range of collaterals. Currently, the MSME loan portfolio of the company stands at INR 4,000 cr...