~ The business bags orders more than 20 crores in Q1; Targets INR 360 Crore by FY27 ~
New Delhi, 17th September 2024: The Security Solutions business of Godrej & Boyce, part of the Godrej Enterprises Group, has successfully secured a series of high-value contracts, worth more than INR 35 crores, across nation’s prestigious institutions, vital infrastructural projects, historic monuments and government premises, reinforcing company’s position as India’s foremost provider of comprehensive security solutions to critical national premises. Notable projects include the implementation of an Integrated Outsourced Workforce Management System (IOWMS) at BPCL’s locations across India and the deployment of electronic security solutions at Humayun’s Tomb, CM House in Naya Raipur, IIM Jammu, and Adani Airports in Ahmedabad, Lucknow, and Trivandrum.
Comenting on this milestone, Mr.Pushkar Gokhale EVP & Business Head of Security Solutions business of Godrej & Boyce said, “Premises Security has been one of our key focus areas. Though the market is highly fragmented, we see significant growth potential, with an estimated addressable market of around INR 2500 crore. Presently, this segment accounts for upto 18% of our total revenue. Leveraging our expertise in providing these solutions and aligning with India’s vision to bolster the National security infrastructure, we are launching several new-age solutions and actively educating our clients about the efficacy of these solutions in terms of safeguarding their premises. Our strategic approach, driven by innovation and a deep understanding of our clients’ needs, enables us to provide tailored solutions based on their unique requirements. Recognizing the significant shift in consumer behaviour observed in recent times, our business division is proactively adapting a strategy to provide a comprehensive omni-channel experience to our customers. This entails expanding our presence across diverse online and offline channels to enhance accessibility and customer engagement.”
During FY 24, Godrej & Boyce’s Security Solutions business has generated revenue worth INR 100 crores through premises security solutions category. Within the realm of Premises and Electronic Security Solutions, Godrej has played a pivotal role by introducing innovative products such as, Flap Barriers, Turnstiles, Gscan pole, Bollards, Number Plate Recognition cameras, Explosive Vapor Detector, and additional offerings. In addition to this, the brand also offers a comprehensive lineup of cutting-edge scanning, screening, and access control solutions, ensuring that no potential threats can breach the premises. Covering everything from baggage scanners, vehicle management systems, as well as facial and full-body scans, the series includes touchless scanners and metal detectors, addressing all conceivable entry points with advanced technology.
With an extensive portfolio of cutting-edge products and solutions, the Security Solutions business continues to set the benchmark for excellence across diverse industries including Banking & Financial Services, Retail, Manufacturing, Hospitality, and IT. These initiatives highlight the company’s capability to deliver customized, state-of-the-art security solutions that address the unique requirements of various premises. The company’s strategic investments in technology and innovation underscore its commitment to driving positive change and safeguarding the future with noteworthy offering They has certainly made a mark with their visitor management systems. Installing such solutions at iconic heritage sites like the Taj Mahal and Aga Khan Museum not only has enhanced security but also helped in managing visitor flow more effectively. As India’s leading manufacturer of pedestrians’ access control solutions, Godrej Security Solutions has forged strategic partnerships with critical government projects such as Central Vista, SDSC SHAR, NPCIL, DRDO, ISRO and Parliament, which further solidifies its position as the preferred choice in the premises security segment.
