Seeks to acquire 15% market share by FY25
Godrej & Boyce, the flagship company of the Godrej Group, announced that its business Godrej Interio, India’s leading furniture solutions brand, in home and institutional segments, announced that it will strengthen its infrastructure arm of business and eyes INR 300 crore in the next fiscal. The brand plans to acquire 15% market share by FY25.
Since 2019, the brand has already booked infra projects worth 450 crore. The general scope of work in the infra projects include civil finishes, cladding, block works, facade glazing, interiors, art forms and architectural finishes. Godrej Interio is committed to strengthening its market position via their infra arm by providing complete end-to-end solutions from concept to completion. The team of experienced space planning professionals includes architects, interior designers and project managers to ensure a seamless experience. In addition to general contracting, Godrej Interio offers design and execution of civil and interior work, MEP systems, security and surveillance, green consultancy, and audio-visual solutions.
Anil Sain Mathur, COO, Godrej Interio, said: “Infrastructure projects in India have always been a focus area for us and one that we believe has a lot of growth potential with the estimated addressable market around INR 5,000 crore. Currently, our turnkey projects contribute up to 40% of our turnover from the B2B segment. Through our expertise in delivering turnkey solutions and participating in India’s vision to build a strong public transportation network across the country, we have been working closely with the respective metro rail corporations and airport authorities to deliver a world-class experience for commuters. We are certain that these innovative design solutions will help our partners, metro projects immensely and meet the highest standards in both looks and functionality.”
Godrej Interio continues to use numerous new and innovative ways to provide enhanced design in its ongoing assignments. Some of the new materials being used in the AAI-Chennai project includes Zinc Composite panels imported from Italy and high-end finishes like HPL, Lacquered glass.
Godrej Interio has already partnered on four metro rail projects across the country including Kolkata, Bengaluru, Mumbai and Kochi. As metro stations in many parts of the world reflect the culture of the city, Godrej Interio on customer request has also helped in implementing the city culture at its metro projects. For e.g., Kochi Metro Rail Ltd. (KMRL) has two elevated metro station projects. In Kochi Metro, each station has a particular theme. The theme has been fixed by Kochi Metro Rail considering all the local factors and contributions done in different fields either in Kerala or across the country. While the first station was developed keeping the ‘Ayurveda’ theme in mind considering the remarkable contribution of Ayurvedic Medicine towards the history of Kerala and India, the second station’s theme has been decided as a tribute to the country as India will be celebrating its 75th Independence Day in 2022.