Godrej Locks plans foraying into South Africa, Russia

BENGALURU: Godrej Locks, the country’s leading player in locking and security solutions, plans to foray into global markets such as South Africa and Russia.

“We clearly have a systematic approach, a timetable and a road map of getting stronger on the global business front and adding more geographical locations. South Africa is a big market in itself. Russia is a big market for us,” Godrej Locking Solutions and Systems Executive Vice-President Shyam Motwani said here.

The company has a presence in Bangladesh, but it plans to adopt a new strategy to strengthen its footprint in that country, Motwani said.

“There is definitely a lot of work happening and there has been a systematic approach that has been worked out. On the difficulties the company would face in achieving its target of becoming aRs1,000-crore entity in two years, he said, “We have started de-risking our dependence on realty vertical and start focusing on other industry verticals.” The 118-year-old firm also unveiled Nav-Tal NXT lock, designed by ace industrial designer Michael Foley.