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Godrej & Boyce’s Security Solutions Division has made significant strides by securing contracts worth over INR 35 crores in the first quarter of FY24. This impressive achievement reinforces the company's status as a leading provider of comprehensive security solutions in India. The recent projects include the deployment of electronic security measures at Humayun’s Tomb, BPCL locations nationwide, CM House in Naya Raipur, IIM Jammu, and Adani Airports in Ahmedabad, Lucknow, and Trivandrum.
Mr. Pushkar Gokhale, EVP & Business Head of Security Solutions at Godrej & Boyce, commented on the milestone: “Premises security is a critical focus for us. Despite a fragmented market, we see substantial growth potential, with an estimated addressable market of around INR 2500 crores. Currently, this segment contributes up to 18% of our total revenue. Our commitment to aligning with India’s vision for enhancing national security infrastructure drives us to introduce new-age solutions and educate clients on their effectiveness. We are also expanding our omni-channel presence to improve accessibility and customer engagement.”
In FY24, the Security Solutions business generated INR 100 crores in revenue from its premises security solutions category. Godrej & Boyce has been at the forefront of introducing innovative products such as flap barriers, turnstiles, Gscan poles, bollards, number plate recognition cameras, and explosive vapor detectors. Their comprehensive lineup includes scanning, screening, and access control solutions, addressing all potential security threats with advanced technology. This range includes touchless scanners, metal detectors, and vehicle management systems.
The division’s extensive portfolio continues to set the standard in sectors such as Banking & Financial Services, Retail, Manufacturing, Hospitality, and IT. Their contributions are not only enhancing security but also improving visitor management at iconic sites like the Taj Mahal and Aga Khan Museum. Notably, Godrej & Boyce has formed strategic partnerships with government projects including Central Vista, SDSC SHAR, NPCIL, DRDO, ISRO, and the Parliament, solidifying its reputation as a top choice for premises security.
Looking ahead, the Security Solutions Division aims to achieve INR 360 crores in revenue by FY27, further establishing itself as a leader in the security industry.
