Godrej Security wins Central Vista project, eyes Rs 10 billion revenue

22 Aug 2023 CW Team

Based on rough estimations, the expenses for implementing safety measures in this project could amount to approximately Rs 1 billion. This expansive undertaking is predicted to act as a catalyst, propelling the company's revenue by 18% during this fiscal year, reaching Rs 10 billion. This is a notable increase from the previous fiscal year's Rs 8.5 billion. Godrej Security Solutions is a significant player in the shift from traditional mechanical locks to modern, technology-driven integrated digital security systems. The company is a component of the Rs 120-billion conglomerate Godrej and Boyce.

Pushkar Gokhale, the Business Head at Godrej Security Solutions, mentioned, "We are involved in a substantial amount of work related to premises security for the Central Vista project. This order holds importance as it could potentially steer our business towards achieving the Rs 10 billion mark during this financial year." It's worth noting that the company, which has been in existence for over a century, already handles the management of locks and digital security systems for historical landmarks like the Taj Mahal, Qutub Minar, and Ajanta Ellora caves, as well as for financial institutions such as the State Bank of India, Punjab National Bank, and Muthoot.

Earlier in the present year, the company successfully secured a crucial contract to supply an advanced Key Management System to the Satish Dhawan Space Centre SHAR (SDSC-SHAR), an essential establishment within the Indian Space Research Organisation (ISRO). The system is responsible for advanced key generation and distribution, upholding the most stringent security standards for the space centre.

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The upcoming Central Vista Avenue project in India is going to incorporate the expertise of Godrej Security Solutions in ensuring safety and security, whether it pertains to scanners, vehicle access control, people access control, or barriers. According to a senior official of the company, a substantial deal has been finalised for the supervision of security measures for this renowned project. Based on rough estimations, the expenses for implementing safety measures in this project could amount to approximately Rs 1 billion. This expansive undertaking is predicted to act as a catalyst, propelling the company's revenue by 18% during this fiscal year, reaching Rs 10 billion. This is a notable increase from the previous fiscal year's Rs 8.5 billion. Godrej Security Solutions is a significant player in the shift from traditional mechanical locks to modern, technology-driven integrated digital security systems. The company is a component of the Rs 120-billion conglomerate Godrej and Boyce. Pushkar Gokhale, the Business Head at Godrej Security Solutions, mentioned, We are involved in a substantial amount of work related to premises security for the Central Vista project. This order holds importance as it could potentially steer our business towards achieving the Rs 10 billion mark during this financial year. It's worth noting that the company, which has been in existence for over a century, already handles the management of locks and digital security systems for historical landmarks like the Taj Mahal, Qutub Minar, and Ajanta Ellora caves, as well as for financial institutions such as the State Bank of India, Punjab National Bank, and Muthoot. Earlier in the present year, the company successfully secured a crucial contract to supply an advanced Key Management System to the Satish Dhawan Space Centre SHAR (SDSC-SHAR), an essential establishment within the Indian Space Research Organisation (ISRO). The system is responsible for advanced key generation and distribution, upholding the most stringent security standards for the space centre. Also read: Bahrain Steel partners with Essar Group for Green Steel InitiativeCM Gehlot approves Rs 246.81 bn investment boost for Rajasthan's growth

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