GSED eyes Rs 400 cr turnover in 2008-09

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Kolkata, Sep 23 (UNI) Godrej Security Equipment Division(GSED), country's leading manufacturer and provider of hi-tech security equipment and solutions, is all set to post a turnover of Rs 400 crore by this fiscal-end and such figure is poised to scale Rs 1,000 crore during 2012-13.

This was informed here today by GSED Vice-President(V-P)&Business Head D E Byramjee during a press meet arranged to showcase the firm's recently launched integrated security solution equipment.

Mr Bairamjee said the company registered a turnover of Rs 300 crore in the previous financial year, adding GSED's integrated security solutions business would contribute 50 per cent to the firm's estimated turnover in FY'13.

Taking a cue from the V-P, GSED's General Manager(Sales and Marketing) Pushkar Gokhale informed that the firm had just forayed into integrated security solutions business during the current fiscal.

According to Mr Gokhale, out of the arm's total business, the contribution of integrated security solutions would be around Rs 50 crore during the current fiscal and such share was expected to double in the next financial year.

The firm provides security products and solutions under the brand name Godrej Secure. It has a manufacturing unit in Mumbai.

The GM estimated that the market of security solutions was recording an annual growth of 40 per cent.

Furthermore, he said the trust board of Dakshineshwar had showed their interest in buying physical security equipment, while the ISKON was keen on purchasing integrated solutions from GSED.

Some of the products under the GSED portfolio are road blockers, tyre killers, road blockers, vehicle tracking systems, access control systems, biometris, electronic safes, data safes, fire resisting record and filing cabinets.

The company's range of products also contain a remote portable substance detector christened ''GADE 650''capable of detecting narcotics and explosives like Trinitrotoluene(TNT), Ammonium Nitrate, RDX, Cocaine and Tetryl within a radius of one kilometre.

GSED, a Godrej&Boyce Mfg Co Ltd arm as well as a part of USD 2.1 billion Godrej Group has a domestic market share of 75 per cent in the banking segment for physical security products.

The division currently exports its products to over 40 countries, including the Middle East, South East Asia, East Africa, Australia, Europe, SAARC countries and the US.

UNI SB KK DB1716

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