<p>Godrej Locking Solutions and Systems (GLSS) is focusing on kitchen system and architectural hardware to propel growth in the Indian market.</p>.<p>In an interaction with DH, GLSS Executive Vice President and Business Head Shyam Motwani said the company is expecting a spurt in domestic for these products.</p>.<p>"The company is looking at an overall revenue of Rs 720 to Rs 750 crore during FY 2019. Architectural hardware is expected to contribute 30% of revenue and kitchen system to contribute 10%," he said.</p>.<p>Architectural hardware and kitchen systems were added to our portfolio in 2013 and 2015<br />respectively. Motwani said the demand for architectural hardware and kitchen system are going up as India is going through mass urbanisation, affordable housing and several government initiatives.</p>.<p>Architectural hardware includes door closers, floor springs, furniture fittings, panic bars, door<br />automatic, shower fittings, glass hardware, etc. "We have more than 2,200 wholesale dealers and over 18,000 retail outlets for architectural hardware business. It is expected to register exponential growth," said Motwani. </p>.<p>Kitchen systems have a market size of around Rs 3,000 crore and expected to grow at a CAGR of<br />20% to 25% till 2020.</p>.<p>"The potential of our kitchen systems business to grow is at over 50%. To fuel this growth, we will leverage our strong network of over 100 dealers and distributors and around 500 retailers across India," he said.</p>.<p>Godrej Locks is eyeing Rs 1000 crore revenue by FY22, betting on premiumisation and focusing various categories, especially architectural hardware and kitchen systems.</p>.<p>"We aim to take architectural hardware to 50% of business in the next 3 years. Kitchen systems to be a<br />fifth of architectural hardware and expected to be 20% of it. For kitchen systems alone, we are<br />targeting a CAGR of 50% which will lead to Rs 100 crore target in 3 years," he said. </p>.<p><strong>Export strategy</strong><br /><br />Exports contribute around 5% to Godrej Locks overall revenue and is present in 27 countries across Asia, Africa and the Middle East.</p>.<p>"As of now, we operate in the locking solutions business in international markets. We plan to launch architectural fittings and kitchen systems internationally in coming days," he said.</p>.<p>The company is present in 27 countries across Asia, Africa and the Middle East. In Asia. It is also present<br />in Nepal, Sri Lanka, Myanmar and Fiji.</p>.<p>Kenya, Zambia, Tanzania, DR Congo, South Africa, Cameroon, Ivory coast are our markets in Africa. In the Middle East, we have a presence in Qatar, UAE, Oman, Bahrain.</p>.<p>"We aim to increase our footprint to more markets within these regions by 2020. It is expected to help us to significantly grow our exports by 2020," he said.</p>
<p>Godrej Locking Solutions and Systems (GLSS) is focusing on kitchen system and architectural hardware to propel growth in the Indian market.</p>.<p>In an interaction with DH, GLSS Executive Vice President and Business Head Shyam Motwani said the company is expecting a spurt in domestic for these products.</p>.<p>"The company is looking at an overall revenue of Rs 720 to Rs 750 crore during FY 2019. Architectural hardware is expected to contribute 30% of revenue and kitchen system to contribute 10%," he said.</p>.<p>Architectural hardware and kitchen systems were added to our portfolio in 2013 and 2015<br />respectively. Motwani said the demand for architectural hardware and kitchen system are going up as India is going through mass urbanisation, affordable housing and several government initiatives.</p>.<p>Architectural hardware includes door closers, floor springs, furniture fittings, panic bars, door<br />automatic, shower fittings, glass hardware, etc. "We have more than 2,200 wholesale dealers and over 18,000 retail outlets for architectural hardware business. It is expected to register exponential growth," said Motwani. </p>.<p>Kitchen systems have a market size of around Rs 3,000 crore and expected to grow at a CAGR of<br />20% to 25% till 2020.</p>.<p>"The potential of our kitchen systems business to grow is at over 50%. To fuel this growth, we will leverage our strong network of over 100 dealers and distributors and around 500 retailers across India," he said.</p>.<p>Godrej Locks is eyeing Rs 1000 crore revenue by FY22, betting on premiumisation and focusing various categories, especially architectural hardware and kitchen systems.</p>.<p>"We aim to take architectural hardware to 50% of business in the next 3 years. Kitchen systems to be a<br />fifth of architectural hardware and expected to be 20% of it. For kitchen systems alone, we are<br />targeting a CAGR of 50% which will lead to Rs 100 crore target in 3 years," he said. </p>.<p><strong>Export strategy</strong><br /><br />Exports contribute around 5% to Godrej Locks overall revenue and is present in 27 countries across Asia, Africa and the Middle East.</p>.<p>"As of now, we operate in the locking solutions business in international markets. We plan to launch architectural fittings and kitchen systems internationally in coming days," he said.</p>.<p>The company is present in 27 countries across Asia, Africa and the Middle East. In Asia. It is also present<br />in Nepal, Sri Lanka, Myanmar and Fiji.</p>.<p>Kenya, Zambia, Tanzania, DR Congo, South Africa, Cameroon, Ivory coast are our markets in Africa. In the Middle East, we have a presence in Qatar, UAE, Oman, Bahrain.</p>.<p>"We aim to increase our footprint to more markets within these regions by 2020. It is expected to help us to significantly grow our exports by 2020," he said.</p>
