Ozone, a leading player in Architecture hardware, Safes & Locks eyes Rs 1000Cr turnover by 2021, plans to diversify into fast growing Security & Surveillance and IoT (Internet of Things)
Ozone, an Everstone Capital PE Equity funded company is the market leader in the Architectural Hardware and among the Top 3 player in Safes/Vaults & Locks in the country
With its growth and diversification plans, Ozone eyes consolidated turnover of 1000 Cr by FY 2020-21
The group plans to invest Rs 100 Cr in next 2 years on diversification into new business lines, primarily in building manufacturing capability in India
Mumbai, July 4, 2018: Ozone Enterprise Group, an Everstone Capital PE equity funded leading player in the Architectural Hardware industry has announced an investment of over Rs 100 Cr in the next 2 years on diversification into the fast growing Security & surveillance and IoT (Internet of things) industry, primarily on building manufacturing capability for CCTV cameras and other security and surveillance products in India, and promote the ‘Make in India’ initiative.
With a diversified presence in Architectural Hardware, Safes & Vaults, Locks, Fire & Safety Doors and Urban Furniture, the brand is among the Top 3 players in Safes and Locks in the country. Riding on its aggressive growth and diversification plans, the Group is eyeing Rs 1,000 Cr turnover by FY 2021 The company, which primarily is into B2B and B2B2C segments, is all set to multiply this growth by diversifying into B2C segment with these new business lines. With this diversification, the brand sees a lot of synergy with its existing businesses, including its manufacturing capability, R&D centres, PAN India offices, Warehouses, Service centres etc and is confident that the new business lines will also have a positive rub off on the group’s existing business lines.
Talking about its business aspirations, with its aggressive growth and diversification plans, the group is eyeing Rs 1,000 Cr turnover by FY 2021. The company plans to invest over Rs 100 Cr in next 2 years on diversification into fast growing Security & surveillance and IoT (Internet of things) industry, primarily on building manufacturing capability for CCTV cameras and other security and surveillance products in India, and promote the ‘Make in India’ initiative.
Talking about the company’s plans Mr. Alok Aggarwal, Founder & Managing Director, Ozone Enterprise Group said, “Ozone brand has been consistently delivering high quality products & solutions to its customers over last 2 decades. The brand has been growing steadily at a CAGR of 21% for the last few years and it’s time that we looked at a quantum jump by diversifying into new businesses. Our first and foremost job was to identify business lines which are high growth industries and synergise with our existing business lines, this is where we narrowed down on Security & Surveillance and IoT. We plan to invest over Rs 100 Cr on diversification into these new businesses in next 2 years, and we are contemplating both organic and inorganic options for diversification. We are all excited and hope to take Ozone brand to the next milestone of 1000Cr turnover by 2021. ” Mr Aggarwal added.
About Ozone Enterprise Group
Ozone, an Everstone Capital PE funded company, is a young dynamic organisation having a diversified presence in Architectural Hardware, Safes & vaults, locks, urban furniture, fire & safety doors. The brand’s solution centric approach has enabled them to grow from a start-up to becoming India’s most popular Architectural Hardware Solution provider, which has been able to prove its worth in international markets. The company has a global presence across 15 countries, 4 R&D centres in Israel, Korea, China & India and 4 state-of-the-art factories in India & China. Ozone offers internationally certified products & solutions through its product portfolio of more than 3000 SKUs across various product categories. Ozone today ranks amongst the top 3 players in India in Architectural Hardware, and amongst the leading players in safes & vaults and fire & safety doors. Ozone has strong presence internationally with offices in India, Canada, Australia, Dubai and distributor’s network in Poland & Saudi Arabia. Ozone is committed towards bringing the most innovative, high quality products with technological edge and superior aesthetics at the most value for money prices to its customers worldwide for a safer world.