The company says it is set to revolutionize the industry with the launch of Smart Security Solutions.
NEW DELHI, Mar 5 (The CONNECT) – Plus Point, a Noida-based locks and hardware firm, said it has achieved a turnover of 45 Crores for 2023-24. This growth reflects a 15% increase compared to the previous fiscal year, with a forecasted 50% surge in the upcoming fiscal year.
The introduction of the Stainless Steel Excellence collection, diversification of products, and strategic initiatives have been pivotal in propelling Plus Point to new heights.
Traditionally focused on Brass-based products, Plus Point strategically expanded its product range to include Stainless Steel, Zinc, and Aluminium products. This move aligns with evolving market demands for affordable and long-lasting solutions.
Niket Agarwal, CEO, Plus Point, said the growth achieved, driven by strategic initiatives and a commitment to excellence, underscores the company’s resilience in navigating challenges.
For the upcoming fiscal year (2024-25), Plus Point aims for a turnover of 60 Crores, representing a 30-40% increase. The company is set to revolutionize the industry with the launch of “Smart Security Solutions,” aligning with India’s Digital India campaign. This category features cutting-edge security solutions with Wi-Fi connectivity, CE, FCC, and ROHS standards, free installation in Tier-1 cities, YouTube demos, and a 3-year warranty.
Plus Point also plans to venture into Marketplace Management and B2B Platforms, aiming to reach end-users directly. The introduction of Hotel Industry Locks and hardware with PVD coating finish further demonstrates Plus Point’s commitment to innovation and meeting customer needs.
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