A New Milestone in Security Solutions
India, 17th June 2024: Godrej Security Solutions, a pioneering division of Godrej & Boyce, proudly unveils its ambitious projection of INR 1,200 Cr revenue for the upcoming fiscal year. This milestone underscores the company’s relentless pursuit of unmatched quality and industry leadership. In a significant development, Godrej announces that its lockers are now Bureau of Indian Standards (BIS) certified, enhancing its extensive array of security products.
Emphasis on Quality and Reliability
Pushkar Gokhale, Executive Vice President and Business Head of Godrej Security Solutions, emphasized the paramount importance of BIS certification. “BIS certification serves as the highest benchmark for product quality and reliability in the market. Adhering to stringent standards is the prerequisite for this certification,” Gokhale stated. “At Godrej Security Solutions, our lockers are BIS certified, ensuring that our products meet the highest quality standards. This certification guarantees our customers receive the genuine quality they rightfully expect and deserve. We take pride in our quality benchmarks and streamlined processes, collaborating with trusted suppliers for consistency. Beyond meeting existing standards, we advocate for new ones, pushing innovation and security. In a fragmented market, our BIS certification is a beacon of trust, guaranteeing products of the highest calibre.”
Market Impact and Sector Reliance
BIS-marked products by Godrej Security Solutions witness higher sales primarily within the Banking, Financial Services, and Insurance (BFSI) community, with a significant share also in the jewellery sector. Approximately 90% of BIS-marked products are sold within the BFSI sector, underlining the stringent security and quality standards required for banking and financial operations. Jewellers, too, demonstrate substantial reliance on BIS-certified products, accounting for around 35% of the market. This indicates a growing awareness and preference for certified goods in the jewellery industry, emphasizing the importance of trust and quality assurance.
Commitment to Excellence and Collaboration
Godrej Security Solutions distinguishes itself with a complete portfolio of BIS-certified products, including institutional offerings like bank and jewellery lockers and vaults. Proactively engaged in shaping new standards, the brand ensures that its products remain at the forefront of excellence. Committed to collaboration with BIS and stakeholders, Godrej Security Solutions drives awareness and adoption of certified products. With a projected revenue of INR 1,200 Cr for the year, they continue to uphold the highest standards of quality and safety.
The Benchmark of Trust
The Bureau of Indian Standards serves as the benchmark for product quality and reliability in India, ensuring adherence to stringent quality norms. Its certification signifies trust and assurance for consumers, guiding them towards products of superior quality and security. This significant milestone underscores Godrej Security Solutions’ commitment to setting new standards in the security industry and ensuring the utmost satisfaction and security of its customers.
