Locks and Architectural Solutions, a business unit of the Godrej Enterprises Group, has set an ambitious target of achieving Rs 2,500 crore in revenue by 2028. A senior company official revealed this goal, emphasizing the company’s commitment to maintaining its market leadership through innovation and digital expansion.
Currently holding approximately 30% of the market share in India, Locks and Architectural Solutions continues to reinforce its position as the country’s most trusted and preferred locks brand. Shyam Motwani, Business Head of Locks and Architectural Solutions, shared this insight during a recent press conference, highlighting the company’s strategic direction and growth initiatives.
Digital Transformation and Market Expansion
The company has witnessed a significant transformation, driven by the rise of e-commerce and quick commerce. These channels have played a crucial role in expanding its reach, effectively doubling the business in the online segment. The adoption of digital locks has surged, particularly among younger consumers who prioritize smart, connected, and aesthetically appealing security solutions.
Motwani noted that the digital lock segment has experienced an impressive 45% year-on-year growth. This trend underscores the increasing demand for modern security solutions that integrate convenience and advanced technology. The surge in e-commerce sales, which have doubled in recent years, further cements the company’s growing dominance in online and quick commerce channels.
Innovation and Customer-Centric Approach
To achieve its ambitious revenue target, Locks and Architectural Solutions is focusing on continuous innovation and expanding its digital product portfolio. By leveraging cutting-edge technology, the company aims to cater to evolving consumer preferences, particularly those seeking seamless, smart, and design-led security solutions.
“Consumers today prioritize accessibility and convenience. E-commerce and quick commerce are integral to our growth strategy, and our business in these segments has doubled year-on-year. This reflects the growing demand for seamless and innovative security solutions,” Motwani stated.
Strengthening Market Leadership
As the company moves towards its 2028 revenue goal, it remains committed to reinforcing its leadership position. The growth in digital adoption, coupled with a strong focus on customer preferences, positions Locks and Architectural Solutions as a key player in the evolving security solutions market.
With a combination of technological advancements, strategic online expansion, and an unwavering commitment to quality, the company is well on its way to achieving its Rs 2,500 crore revenue target. As consumer preferences continue to shift towards smart and connected solutions, Locks and Architectural Solutions is poised to meet and exceed market expectations.