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MUMBAI: Retail security solutions provider Checkpoint Systems expects to achieve Rs 30-crore revenue in 2009.

“We see a huge growth in this market as the country’s shrinkage rate was highest in the world. We have targeted Rs 30-crore revenue in 2009,’’ Checkpoint’s Country Head Mr Dharmesh Lamba told PTI here.

The company, which has around 80 per cent share in the global retail securities solutions market, expects its revenues to go up further to Rs 40 crore in 2010, Mr Lamba said.

In 2008, the company achieved Rs 25-crore revenue from the sales of its Radiofrequency Electrical Articles Surveillance (RSEAS) appliances.

Checkpoint is a wholly owned arm of US-based Checkpoint Systems, which is engaged in the manufacturing and marketing of identification and tracking solutions for the retail industry.

The company that entered the Indian market in 2002 has clients like Pantaloon and Aditya Birla Retail among others. — PTI

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