Godrej Finance to build gold loan franchise in Andhra Pradesh, expand across South India
Godrej Finance Limited plans to aggressively expand its gold loan business across South India, starting with a significant branch network increase in Andhra Pradesh. This follows the company's acquisition of Kanakadurga Finance Limited's gold loan portfolio.
Why it matters
The expansion reflects the growing demand for organized, formal credit services in the gold loan sector, which is a significant part of the Indian financial landscape.
Godrej Finance Limited (GFL), a subsidiary of Godrej Capital, on Tuesday (August 11, 2026) announced plans to build its gold loan franchise in Andhra Pradesh and expand across South India, following the acquisition of the gold loan business of Kanakadurga Finance Limited.
South India’s Gold Loan market is primed for growth as customers increasingly prefer organised, trusted lenders. According to a press release, over the next 24 months, Godrej Finance will expand its gold loan branch network in Andhra Pradesh from 54 to 100 branches, increase its customer base from 12,000 to 25,000.
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