The Hindu Business Line : Godrej Security to achieve Rs 1 K cr turnover in 4 years

AHMEDABAD : Godrej Security Solutions (GSS), part of the Rs 14,400 crore Godrej group, aims to achieve a turnover of Rs 1,000 crore by the year 2013-14, against Rs 415 crore now, a top company official said.

In an interaction with the media here, the company officials said that the GSS, which is a 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.

"The investment in R and D as also in technology equipment for the 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,'' Mr Dara E Byramjee, vice pr esident and business head of GSS said.

According to him, 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. Elaborating on the physiotronic products, Mr Byramjee said that they are futuristic produc ts, 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. - PTI

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