SmartGuard aims Rs 100 cr revenue in 3 yrs

NEW DELHI, INDIA: SmartGuard, a subsidiary of e-Infochips, has set target of Rs. 100 crore revenue in next three years' time from its IP-based end-to-end surveillance solution with Indian market being major contributor to this figure.

“Security is a sensitive segment. There was always a need for an indigenous company that can manufacture and develop surveillance product in the country and free Indian security agencies from worry of any information getting technically leaked to unfriendly countries,” said Gurudas Parwani, president, SmartGuard Systems. “Hence we see lot of acceptance for our surveillance solutions in the country.”

SmartGuard has already shipped some of its product to Defence Research and Development Organization (DRDO) and is expecting a few more deals from the government soon.

“There are a number of projects that are under way and has huge demand for IP-based surveillance in aviation, infrastructure projects namely Bus Rapid Transport System, metro rail and power plants. In metro rail projects alone there is requirement of around 1000 camera at present,” elaborated Parwani.

SmartGuard Systems claims to be the first Indian company to have its own manufacturing technology development in India. The company has developed IP surveillance camera with triple codex viz H.264, mpeg4 and mjpeg technologies, on its own.

“Our parent company is well known in industry for chip design and verification, embedded systems and software development. We have leveraged strength of e-Infochips to develop these products indigenously,” added Parwani.

Parwani added that the company is getting orders from abroad as well, mainly from the Middle-East and has already supplied solution to Japan and USA.

“Our products are being accepted very well in countries namely Libya, Sudan and other African countries because of India’s capability to develop modern software. We have two international distributors in Africa and demand had been encouraging so far,” said Parwani.

At present IP-based surveillance solution is estimated to be of Rs. 80 crore growing at CAGR of 35 to 40 per cent which is 10 per cent of present of total surveillance market. Parwani expects that IP-based surveillance will take over the market share of the existing analog surveillance solution which constitutes 90 per cent of total surveillance market in India.

“In this growth story of IP based surveillance system, our strength of being an Indian company will give us good push,” said Parwani.

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