Godrej Wealth enters Hyderabad, targets Rs 1 lakh cr AUM by 2031

Hyderabad, Oct 29 (UNI) Godrej Wealth, the wealth management arm of Godrej Industries Group, has entered Hyderabad as part of its South India expansion strategy, aiming to achieve assets under management (AUM) of Rs 1 lakh crore and establish a presence in 35 locations by 2031. In a release on Thursday, the company said Hyderabad's growing wealth base, entrepreneurial ecosystem and expanding presence of global capability centres (GCCs) made it an important market. The city accounts for 6.3 per cent of India's ultra-high-net-worth population and has approximately 19,800 millionaire households. Godrej Wealth will focus on serving high-net-worth and ultra-high-net-worth individuals…