Godrej Security Solutions brings advanced homelockers
The company is spending 8% of the revenue on R&D to launch more new products with upgraded security features to enhance the safety and convenience of the end users
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India’s overall organised safes and vaults market size stands at Rs 1,300 crore, out of which GSS has almost 65 per cent market share. In AP and Telangana, the market size is about Rs 150 crore, and our company has more than 60 per cent market share in both the States - Pushkar Gokhale, Senior Vice President & Business Head, Godrej Security Solutions
Hyderabad: Godrej Security Solutions (GSS), a division of Godrej & Boyce, is launching new homelockers for both residential and office spaces, with latest features such as large sizes, complete control while opening & closing, biometric features etc. The market leader in organised safes and vaults business is constantly expanding its product range with a series of latest innovations under the aegis of Godrej Secure 4.0.
“India’s overall organised safes and vaults market size stands at Rs 1,300 crore, out of which GSS has almost 65 per cent market share. The region of two Telugu States is an important market for us. In Andhra Pradesh and Telangana, the safes and vaults market size is about Rs 150 crore, and our company has more than 60 per cent market share in both the States,” Pushkar Gokhale, Senior Vice President & Business Head, GSS, told Bizz Buzz.
The company has recorded a turnover of over Rs 1,000 crore during last fiscal year. It spends around 7-8 per cent of the revenue on research and development (R&D). We aim to bring more new products with upgraded security features to enhance the safety and convenience of the end users. Our home locker range has been developed to meet the security demands across various generations within a modern Indian household,” he added.
Speaking about the home security solutions in Telangana market, Gokhale said: “Hyderabad has been making significant strides as a smart city on the international stage. The city has ranked 107th globally in the IMD Smart City Index and fourth in the context of Indian cities. It continues to progress and evolve, and it is further expected to climb higher in these rankings.”
Hyderabad's transformation is drawing international companies; FedEx's $100 million investment highlights its growing importance in logistics. Microsoft's substantial presence, including a major R&D campus and plans for a new data centre region with a Rs 15,000 crore investment, underscores its recognition of the city's potential.
As per the World of Statistic Report, the city ranked 41st in the list of top 50 most surveillance cities in the world. The city has a significant number of cameras per square mile. Under the Telangana government’s ‘Hi-Fi’ project, it is evolving into India’s first ‘Wi-Fi’ enabled city, fostering commercial and industrial activities and enhancing tourist experiences.
“The ‘copless society’ project, featuring 10,000 CCTV cameras and smart infrastructures like Intelligent Traffic Control System and Hawk Eye Solutions, is setting international standards in city surveillance, while digitalisation is being leveraged to boost social development in education and healthcare sectors,” Pushkar said.
Recognising the distinct security needs of the residents in the city, GSS is increasing emphasis on home security. The brand sees a significant opportunity to strengthen its foothold in the home lockers market across the State by offering its reliable tech solutions to the residents to live safe and freely in today’s fast-paced world.
