The Hindu Business Line : Autocop to focus on security solutions

Autocop Facility Security Solutions, an arm of Nashik--headquartered Autocop India Pvt Ltd, will be focussing on facility security solutions market in the country. During the last one year, Autocop had tied up with over 15 electronic security solutions manufacturers across the world for marketing their products, Mr Ashok Singh, Managing Director, Autocop India, told newspersons here. “Autocop now has 85 per cent market share in the car central locking systems. We wil l now focus on tapping the growing market for facility security solutions,” Mr Singh said. Mr Milind Wathare, Chief Operating Officer (Facility Security), Autocop, said with the boom in infrastructure and enhanced security concerns the market for facility security solutions was expected to grow rapidly. “At present, this market is estimated at over Rs 1,150 crore with about 20 per cent annual growth. But in comparison with Europe and the US, it is still in a nascent stage,” he said. Autocop revenues from facility security solutions were at Rs 2 crore, he added.

— Our Bureau

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