Godrej Security Solutions (GSS), a division of Godrej & Boyce, plans to focus on its 'Physiotronic ' products to reach its target turnover of Rs 1,000 crore by 2013-14.
The company aims to grow at 60 per cent in its premises security solutions segment by touching the Rs 460 crore aim in 2013-14 from its present Rs 70 crore, in the segment. GSS has also earmarked Rs 100 crore for research and development for the next four years, with special focus on premise security solutions.
"Comprehensive security solutions is the need of the hour. It is a process where an all-round expert in security can secure your residence, factory or institution by providing you a complete solution using the right equipment. Physiotronic is the integration of electronic security with physical/premise security equipment. We plan to put special emphasis on premise security solutions, where physiotronic equipment will be the key differentiator. The physiotronic products are useful in intelligently monitoring and blocking various access points the moment danger is suspected. We aim to grow at 60 per cent by 2013-14 in this segment, to reach our target of Rs 1000 crore in the next four years," said Dara Byramjee, vice president and business head, GSS.
The company's physical/premise security equipment like under vehicle surveillance systems with road blockers, access control systems and IP-based video analytic surveillance system.
GSS is part of the USD 3 billion (Rs 14,400 crore approx.) Godrej Group and has been growing at 25 per cent year-on-year. The company has a domestic market share of over 70 per cent in the security solutions segment in India. GSS offers security solutions to Reserve Bank of India (RBI), State Bank of India (SBI), Siddhivinayak Temple, ISRO, Mumbai International airport, to name a few.
