Godrej Security Solutions Senior Vice President & Business Head, Pushkar Gokhale on the launch of new-age revolutionary merchandise focusing on BFSI, dwelling and jewellers.
| Photo Credit: N. Anand
Godrej Security Solutions (GSS), a division of Godrej & Boyce, is betting on banking, monetary companies and insurance coverage sector, jewellers and houses to hit the ₹1,000-crore mark in turnover in FY24, stated a prime official.
“Last fiscal, we posted a turnover of ₹850 crore and this year we expecting a compound annual growth rate of 18% to touch ₹1,000 crore,” stated its Senior Vice President & Business Head, Pushkar Gokhale at a press meet.
GSS plans to realize its goal by the introduction of new-age revolutionary merchandise, growing channel companions, heightened after gross sales service and thru exports.
Currently, GSS merchandise are exported to over 50 nations and it accounts for 11% of the income. In the following two-three years, it’s aiming for 15-16% of whole income to achieve ₹150-160 crore.
According to him, GSS has been getting requests from prospects for enhanced safety for properties, small places of work, jewellers and BFSI sector.
“Keeping this in mind, we have launched new age products which are inter-connected smart devices. Today it is all about monitoring and tracking,” he stated.
Commenting on market share, he stated they’ve 60% in institutional area and 75% in dwelling section.
On Friday, GSS unveiled Matrix locker with I-Warn (superior dwelling locker), SmartFog (a strong fogging safety system to halt intruders) and AccuGold (a machine to find out gold purity) on the Secure 4.0 occasion.
I-Warn is priced wherever between ₹80,000 and ₹1.50 lakh. It comes geared up with a hooter and sends notification to the owners in case of tampering or unauthorised entry.
Priced at ₹1.50 lakh, SmartFog is supplied with distant cloud-based software in addition to wi-fi know-how. It emits thick fog to trigger sufficient panic and immobilise the perpetrator.
He additionally stated GSS had put in good entry management gadgets at 9 monuments protected by Archaeological Survey of India, Satish Dhawan Space Centre and Centra Vista amongst others.
