"In India, the home security market was at a nascent stage at the moment. The total size of the market in the home security segment was around Rs 155 crore now. In the next three years, the company is targetting to double the revenue from this segment," company's security solutions division's Vice President and Global Head - (Marketing, Sales & Innovation) Mehernosh Pithawalla said.
Talking to media after the launch of its latest wifi enabled home cameras - EVE series and SeeThru Pro video door phones, he said that the banking security business was not growing due to lack of space in expansion of bank branches and the company provides lockers, strong rooms and safes required for providing security at the bank branches.
"That is why, we are targetting the home security segment, particularly the residential complexes across the country," he added.
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