The business bags orders
more than 20 crores in Q1; Targets INR 360 Crore by FY27
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.
