Godrej Security plans to achieve Rs 1,000 cr turnover in 4 yrs

Godrej Security Solutions, part of the Rs 14,400 crore Godrej group, aims a turnover of Rs 1,000 crore by 2013-14, against Rs 415 crore now, a top company official said today.

The company officials said, which is the leader in security solutions for homes, offices, railways, airports and industry, has been growing at 25 per cent year-on-year basis for last three years, GSS Vice President Dara E Byramjee told reporters here.

"Investment in R&D as also in technology equipment for next four years is expected to be Rs 100 crore with special focus on premise security solutions, where physiotronic equipment will be the key differentiator," he said.

GSS dominates the domestic market with over 70 per cent share and has a footprint in 40 countries including the US and the European countries, he added.

Elaborating on the physiotronic products, Byramjee said that they are futuristic products which is the integration of electronic security with physical/premise security equipment.

"The physiotronic products are particularly useful in intelligently monitoring and blocking various access points the moment danger is suspected," he said.