Business IdeasGSS eyes Rs 500 cr turnover in FY 2011
Godrej Security Solutions (GSS) Division, one of the divisions of Godrej & Boyce Mgf Co. Ltd and part of Godrej Group, has set the target of around Rs. 400 crore turn over for the current FY 2009-10 and eyeing Rs. 500 crore turn over by FY 2010-11.
- Godrej Security plans to achieve Rs 1,000 cr turnover in 4 yrs - Godrej Security targets Rs 1,000 cr turnover in 4 yrs - Subhiksha stores to reopen as franchises - Analysts" corner - Indian ADRs shed $7.5 bn in a week, Sterlite top loser - ICICI Bank: Treading the conservative line">ICICI Bank: Treading the conservative line
GSS, the only major organised player in this sector in the country with over 70 per cent market share, is the only Indian company in this segment which has been awarded with the Superbrand status. GSS is the largest supplier of security solutions to the banking industry, corporate and public institutions that include the Reserve Bank of India, State Bank of India, ICICI Bank, Union Bank, ISRO, Hyderabad Airport, Mumbai International Airport, IOCL and several other multinational companies and hotels.
“We are targeting close to Rs. 400 crore in the current FY 2009-10 and eyeing sales turn over of Rs. 500 crore by the next FY 2010-11. In FY 2008-09, GSS Division registered a turn over of Rs. 350 crore,” Neville Irani, AGM, Godrej Security Solutions, told Business Standard.
GSS Division is presently exporting its products to over 45 countries, including the Middle East Asia, South East Asia, Far East Asia, East Africa, US, Europe and the SAARC countries.
“In today’s insecure environment, there is a major need to provide customers with comprehensive security solutions to handle the various security threats, GSS offers a wide range of security products for various applications and is in the best position to provide an all round comprehensive security solutions instead of just one or two products,” Irani added.