Bengaluru, 26^th November, 2024: The Security Solutions business of Godrej & Boyce, part of Godrej Enterprises Group, has set an ambitious goal of achieving a 50% growth in revenue by FY27, targeting a top-line of ₹1,500 crore. This marks a significant leap from the ₹1,000 crore revenue recorded in FY24, driven by a sharpened focus on expanding exports to the Americas and Europe, alongside leveraging domestic regulatory changes.

The company’s exports currently contribute around 10% of the division’s revenue, with significant potential for growth. By FY27, exports are projected to account for 14-15% of the business’s revenue, with the Americas and Europe expected to be the primary growth drivers. Despite recent geopolitical challenges in the Middle East affecting freight costs and transit times, the company remains steadfast in its commitment to serving global markets with cutting-edge security solutions.

Speaking on the company’s growth roadmap, Mr. Pushkar Gokhale, Executive Vice-President and Business Head of the Security Solutions Business at Godrej & Boyce, stated, “The global demand for advanced security solutions, particularly in the Americas and Europe, presents a tremendous opportunity for us. These regions account for 60% of the global market, and we are strategically positioning ourselves to capture this demand with innovative and compliant products tailored to international standards.”

In addition to its export strategy, Godrej continues to innovate across its diverse portfolio of security solutions, which includes fire-resistant safes, vaults, access control systems, and advanced alarm technologies. Its products have become synonymous with trust and reliability, serving an extensive client base that includes banks, corporations, defence sectors, and prestigious government institutions.

Domestically, the business is poised to capitalize on regulatory developments such as the recent BIS (Bureau of Indian Standards) mandate for safes and vaults. This policy shift is expected to favour the brand, which already controls 80% of the organized B2C market and 58% of the B2B segment in India. Such regulations are set to accelerate the transition from unorganized to organized players, enhancing market share for companies that prioritize quality and compliance.

Further emphasising, Mr. Gokhale said, “Security is no longer just about safeguarding physical assets. It is about ensuring peace of mind and trust, whether at home, work, or in public spaces. With our unwavering commitment to innovation and excellence, we aim to redefine global security standards and establish India as a hub for world-class security solutions.”

As a pioneer and market leader, Godrej Enterprises Group continues to shape the security landscape in the country with modern innovation to address the evolving security needs of businesses and individuals worldwide. Godrej has been instrumental in  bagging some key milestone projects like Central Vista Redevelopment project,  Satish Dhawan Space Centre SHAR (SDSC-SHAR), the Spaceport of India and more. These initiatives have not only enhanced security measures but have also strengthened the overall institutional framework in the country, underscoring Godrej’s commitment to safeguarding vital national assets.

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Bengaluru, 13^th November, 2024: The Happiness Survey by Security Solutions business of Godrej & Boyce, part of Godrej Enterprises Group, unveiled that an overwhelming 70% of respondents cited safety and security as their primary concern when leaving their children at home, surpassing health emergencies and emotional well-being that stood at 57% and 44% respectively. This Children’s Day, the brand underscores the critical connection between robust home security and the peace of mind that allows families to thrive.

The survey’s findings reveal that parents increasingly depend on modern and convenient security solutions to alleviate the stress associated with balancing work and family responsibilities. Home cameras emerged as the top measure instilling confidence, chosen by 40% of respondents, while other technologies like remote monitoring systems are becoming key enablers of trust and reassurance. Such insights point to a shift where home security has evolved beyond just physical protection to being integral to emotional and mental well-being.

Reflecting on these findings, Mr. Pushkar Gokhale, EVP and Business Head, Security Solutions Business of Godrej & Boyce, stated, “At Godrej, we understand that a secure home is not just a physical asset but a crucial component of a family’s happiness and peace of mind. Our ‘Happiness Survey’ highlights that 70% of parents view home security as a top concern, directly linking the peace of mind that safety brings to their daily happiness. This Children’s Day, we encourage parents to consider the benefits of advanced security solutions designed to provide robust protection while fitting seamlessly into the modern home. The survey emphasizes that investing in home security is not only about asset protection but also about creating an environment where families can thrive without worry. With Godrej’s commitment to security, parents can focus on what truly matters—spending quality time with their children and loved ones.”

As urbanization accelerates and dual-income households become the norm, the need for advanced security solutions has never been greater. The company’s comprehensive range of products, including CCTV and Wifi Cameras, video door phones, and state-of-the-art alarm systems, are designed to meet these growing needs. This enables parents to step out for work or other commitments reassured that their loved ones are safeguarded.

The Security Solutions Business of Godrej & Boyce has a longstanding commitment to security, especially for the children, is evident through its extensive work in educational environments, with nearly 1,300 CCTV cameras deployed across schools nationwide, including institutions like Shanthinektan, Unicent School, and Rama Devi Public School. These efforts not only protect physical spaces but also reinforce trust in the brand’s dedication to safety.

The “Happiness Survey” engaged 2,400 respondents, including individuals between the ages of 18 and 45+, with a 45% male and 43% female demographic split. The survey was conducted in 12 cities, including Delhi, Mumbai, Bangalore, Kolkata, and Chennai, spanning North, South, East, West, and Central India, providing a comprehensive view of consumer perspectives on security and happiness across the country.

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