Mitsubishi UFJ Financial Group (MUFG) will elevate India to its primary market outside Japan and the U.S. within five years. Local profits currently maintain a 38% compound annual growth rate. The group holds a $7 billion investment footprint in the country, including a significant stake in Shriram Finance.
The bank is driving expansion through its hub in Gujarat International Finance Tec-City (GIFT City). This facility provides offshore, dollar-denominated financing for Indian corporations and project finance. These operations allow MUFG to bypass various onshore constraints.
This strategic pivot supports the parent group's broader financial objectives. MUFG aims to achieve a 12% return on equity target by fiscal 2026.