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Updated: July 11, 2025 21:10
MySafe India has inaugurated its state-of-the-art, fully automated safe deposit vault system in Gurugram, a quantum leap in the security of personal assets. The ribbon-cutting ceremony on July 3, 2025, at Imperfecto Patio, M2K Corporate Park, Sector 51, marked India's entry into a new age of secure, user-managed storage.
Key Points
The system offers 24/7 access without any interaction with staff through biometric vein scanning, PINs, proximity cards, and physical keys
Robotic retrieval delivers deposit boxes to individual booths in seconds
Vaults are insured under Lloyd's of London, with Rs 11.5 crore coverage for each box
Mini Safe Vaults available for temporary rental at airports and malls
Customers have control over access and payments via the MySafe mobile app
Strategic Context
MySafe India is a branch of MySafe Vaults DMCC, set up by ex-Irish Special Forces man Terry Downes
The organization has global operations within the UAE and Africa and is a member of the Global Safe Deposit Federation
Gurugram was selected due to its tech-friendly population and increasing need for privacy-oriented storage solutions
Market Implications
MySafe competes with bank lockers by offering total independence, security, and convenient access
The launch reflects growing appetite among consumers for secure, standalone asset protection
Other metro cities in India are to be expanded.
Sources: The Tribune, ThePrint, MySafe India Official Website, India PR Distribution, ANI Press Releases