Godrej Locking Solutions

Godrej Security Solutions expects 50% rise in revenue by FY27: Senior exec

The company expects developments in artificial intelligence to revolutionise the market in the coming days

G&B-Godrej Properties partnership to continue for Vikhroli land development

Godrej & Boyce and Godrej Properties on Wednesday said they would continue their association for land development at Vikhroli in Mumbai, a day after the founding family of the Godrej group announced an amicable split of the conglomerate. In a joint statement, Godrej & Boyce, owner-developer, and Godrej Properties, the development manager, said the two companies will continue their Memorandums of Understanding executed from time to time, for development of land in Vikhroli as and when the owner is desirous of developing the land. Godrej Construction, a business of Godrej & Boyce, designed and built four phases of Godrej Platinum, a residential development project with a total constructed area of 1 million square feet, which has been marketed by Godrej Properties. In March 2024, a new project named Godrej Vistas was successfully launched under this arrangement, it added. "The future development of Vikhroli presents a unique opportunity to create a holistic space in the ...

Godrej family amicably splits 127-year-old conglomerate into two groups

Adi Godrej family gets control of listed entities while cousin Jamshyd to own Godrej & Boyce and land bank

Godrej Locks eyes 50% market share, bets big on new cheaper products

Locks and security solutions company Godrej Locks has said it aims to increase market share from 30 per cent to 50 per cent in three years, riding on a new range of affordable products and reduced prices of existing ones. Shyam Motwani, business head for Godrej Locks and architectural and systems, said the company's newly-launched products are over 50 per cent affordable than the existing locks, while efforts have been undertaken to make the existing locks cheaper by 7-8 per cent. The company will rely on new affordable range and price cuts in the existing locks to achieve the objective of having the dominant market share in around three years, Motwani told PTI. The target is to grab 50 per cent market in the segment from the current 30 per cent, Motwani said, adding that the company sees a massive opportunity for its products in the tier-2,3, 4 cities and towns. He further said the newly-launched locks have been designed and developed in-house, keeping in mind the needs and ...

Eyeing two-fold growth in 3 yrs, Godrej Locks invests in digital solutions

Godrej Locks and Architectural Fittings and Systems (GLAFS) is aiming to achieve 2-fold growth over the next three years, as it is betting big on digital locks, a segment showing promising trends in both residential and commercial spaces, a senior company official said. The architectural solutions and fittings segment now contributes to almost 40 per cent of the national turnover expected to reach over Rs 1,000 crore this year, Shyam Motwani, Business Head, Godrej Locks and Architectural Fittings and Systems, told reporters in Panaji last week. Motwani was speaking during the third edition of the Godrej Value Co-Creators Club (GVCC) awards, known as The GEEVEES, which celebrates creativity, innovation, and sustainability in design. Motwani also emphasized the importance of the architect and interior design community, stating, "we want to celebrate the efforts of these value co-creators who play a crucial role in enhancing the functionality and aesthetics of our living ...

Godrej Locks and Architectural Fittings aim 24% growth in current fiscal

Godrej Locks and Architectural Fittings is looking at clocking Rs 1,100 crore turnover this fiscal, a 24 per cent year-on-year growth, a senior company official has said. Talking to reporters in Panaji on Saturday, Shyam Motwani, Business Head, Godrej Locks and Architectural Fittings and Systems, said the unprecedented success for the company was due to a huge demand for digital locks and spurt in residential real estate. "The unprecedented success that we achieved is because there is a huge digital trend witnessed in large metros and there is a huge spurt in residential real estate," he added. He was speaking to media persons at the backdrop of the second edition of The GeeVees, an award introduced by Godrej Locks to recognise the best and upcoming talent in the Architect and Interior Design community in the country. Motwani said that the company would be clocking around Rs 1,100 crore turnover as of March 31, 2023, which will be a growth of Rs 270 crore over the previous fiscal a

Godrej Security Solutions to invest Rs 100 cr in R&D, branding next 2 years

The company seeks to expand retail footprint in tier-II and III markets, is strongly focussed on Africa for exports

Godrej Locking Solutions eyes 50% of revenue from other verticals in 3 yrs

Gireesh BabuGodrej Locking Solutions and Systems, which has 45 per cent marketshare in the organised locks market in the country, is expecting its non-locking solutions business to grow to almost 50 per cent of the total business in the next three years. The company is expecting Rs 10 billion revenue by FY22, betting on premiumisation and focusing various categories, especially architectural hardware and kitchen systems. Kitchen systems is expected to be 20 per cent of the architectural hardware business by the time. "For kitchen systems alone, we are targeting a CAGR of 50 per cent which will lead to Rs.100 crore target in 3 years, almost 4-5 times the size that the company is in kitchen systems today," said Shyam Motwani, EVP and business head, Godrej Locking Solutions and Systems. The architectural hardware such as door closers, floor springs, furniture fittings, panic bars, door automatic, shower fittings, glass hardware was added to its portfolio on 2013 and the kitchen systems ..