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 and 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.