The Security Solutions division of Godrej & Boyce, a flagship company of the Godrej Enterprises Group, has set a target to achieve ₹1,500 crore in revenue by FY27, a 50% increase from ₹1,000 crore in FY24. This growth is driven by an aggressive push into export markets, particularly the Americas and Europe, and by leveraging regulatory changes in India.
Currently, exports contribute around 10% of the division’s revenue, but this share is expected to rise to 14-15% by FY27. The Americas and Europe, which represent 60% of the global security solutions market, are expected to drive this growth, despite challenges such as rising freight costs and geopolitical issues in the Middle East.
Pushkar Gokhale, Executive Vice-President and Business Head of the Security Solutions Division, highlighted the global opportunities: “The demand for advanced security solutions in international markets offers immense potential. We are aligning our product innovation and compliance to meet these demands effectively.”
In India, regulatory changes like the BIS mandate for safes and vaults are expected to strengthen the brand’s position. Godrej, which commands 80% of the organized B2C market and 58% of the B2B segment, is well-positioned to benefit from the shift toward organized players prioritizing quality and compliance.
Godrej’s security portfolio includes fire-resistant safes, vaults, access control systems, and alarm technologies, trusted by banks, corporations, defense sectors, and government institutions. The company is also spearheading milestone projects, such as the Central Vista Redevelopment and security systems for the Satish Dhawan Space Centre, reflecting its role in safeguarding critical national assets. By FY27, Godrej aims to not only expand its global footprint but also reinforce its leadership in the domestic market, positioning India as a hub for advanced security solutions through continuous innovation and excellence.
The Security Solutions division of Godrej & Boyce, a part of the Godrej Enterprises Group, stands as India’s leading manufacturer and supplier of security solutions. It is the top provider of advanced security products to renowned banking, corporate, and public institutions across the country.
Marking a milestone in the industry, the division has earned the prestigious Superbrand status and has also been recognized as the “Most Preferred Brand” in the Home Segment. With a strong global presence, the division exports its products to over 45 countries, including regions such as the Middle East, Southeast Asia, Far East Asia, East Africa, the US, Europe, and the SAARC nations.
