Godrej Capital Acquires Kanakadurga Finance's Gold Loan Business

Godrej Capital, a part of the Godrej Group, has bought the gold loan business of Kanakadurga Finance.

This is their first big purchase and will help them lend more money to people using gold as security.

The business they bought has 12,000 customers and 54 branches in Andhra Pradesh.

Godrej Capital wants to become a big financial company with lots of money under management and many happy customers by 2031.

They also want to go public in the next five years.

Many other companies are also trying to get into the gold loan business because it's growing fast.