Locks and Architectural Solutions aims Rs 2,500 crore in revenue by 2028

Locks and Architectural Solutions, a division of Godrej Enterprises Group, aims to achieve Rs 2,500 crore in revenue by 2028, according to a senior company executive.

According to Shyam Motwani, Head of Locks and Architectural Solutions Business, the company leads the market with approximately 30 percent share in India, as he informed during the press conference here.

“We are targeting…to reach Rs 2,500 crore by the year 2028,” he said, adding that the company continues to reinforce its position as India’s most trusted and preferred locks brand, driven by cutting-edge innovation and an expanding digital product portfolio.

“E-commerce and quick commerce have played a pivotal role in this transformation, with the company doubling its business in the online segment,” Motwani said.

“The digital lock segment has witnessed an impressive 45 per cent year-on-year growth, fuelled by increasing adoption among younger consumers who prioritise smart, connected, and design-led safety solutions. Notably, the company’s e-commerce sales have doubled, underscoring its growing dominance in online and quick commerce channels,” he said.

Motwani pointed out that consumers prioritise accessibility and convenience, making e-commerce and quick commerce integral to its growth strategy.

“Our e-commerce business has doubled year-on-year, highlighting the demand for seamless and innovative security solutions,” he said.

The announcement aligns with the fourth iteration of the Godrej Value Co-Creators Club (GVCC) Awards, commonly referred to as The GeeVees. The platform has experienced significant expansion by drawing in more than 2,100 architects and 4,000 entries.

Motwani ALSO stated that the company continues to be unwavering in its dedication to the Make in India initiative, utilizing favorable government policies, such as the establishment of BIS standards for locks, to enhance its dominance in the home safety sector.