Archive · 25 Jul 2026
Kanaka Durga Finance transfers gold loan business
Kanaka Durga Finance, a company in Vijayawada, has decided to sell its gold loan business to Godrej Finance.
This is because Kanaka Durga wants to focus more on giving loans for vehicles.
The gold loan business includes loans worth Rs 280 crore, 54 branches, and about 240 employees.
The deal is worth up to Rs 135 crore.
Kanaka Durga has been in the vehicle loan business for over 40 years and has built a good reputation.
This change will help them grow their vehicle loan business even more.
Kanaka Durga Finance is transferring its gold loan business to Godrej Finance.
The deal is valued at up to Rs 135 crore.
The gold loan portfolio includes Rs 280 crore in loans, 54 branches, and 240 employees.
Kanaka Durga Finance aims to focus on expanding its vehicle loan portfolio.
The company has a strong reputation in vehicle financing over four decades.
- Who
- Kanaka Durga Finance and Godrej Finance
- What
- Transfer of gold loan business
- When
- Friday (specific date not mentioned)
- Where
- Vijayawada
- Why
- To focus on expanding vehicle loan portfolio
Kanaka Durga Finance
Godrej Finance
Business Transfer
Kanaka Durga Finance
Kanaka Durga Finance is transferring its gold loan business to focus on vehicle loans.
Godrej Finance
Godrej Finance is acquiring the gold loan business to expand its portfolio.
- Company
- Kanaka Durga Finance
- Location
- Vijayawada
- Type
- Non-banking financial company (NBFC)
- Business Transferred
- Gold loan business
- Acquirer
- Godrej Finance
- Parent Company
- Godrej Capital
- Transaction Value
- Up to Rs 135 crore
- Gold Loan Portfolio
- Rs 280 crore
- Branches Transferred
- 54
- Employees Transferred
- 240
- Total Assets Managed
- Over Rs 760 crore