
Company background
Incorporated in 1985, Security and Intelligence Services (India) Limited provides
private security and facility management services in India and Australia. They offer
cash logistics & security services, including manned guarding and electronic
security; and facility management services, such as mechanized cleaning, and pest
& termite control services.
Security services: SIS is the second largest security services provider in India, in
terms of revenue, as of March 31, 2016, and the fastest growing security services
provider in India, based on revenues for FY2010-14, according to Frost & Sullivan.
In addition, Freedonia ranks SIS’s wholly-owned Subsidiary, MSS Security Pty
Limited (“MSS”) as the largest security services provider in Australia, jointly with a
competitor, in terms of revenues, as of March 31, 2015. SIS provides a
comprehensive range of security services ranging from providing trained security
personnel for general guarding to specialized security roles in India and Australia.
In Australia, company also provides paramedic and allied health, fire rescue
services, mobile patrol, loss prevention and other related services.
Cash logistics services: SIS is the second largest cash logistics service provider in
India, in terms of market share by revenue, number of employees, ATMs served
and cash vans utilized, as of March 31, 2015, according to Frost & Sullivan. SIS’s
cash logistics business in India includes services such as cash in transit including
transportation of bank notes and other valuables, doorstep banking as well as
cash processing, ATM related services including ATM replenishment, first line
maintenance and safekeeping, and vault related services for bullion and cash.
Electronic security services and home alarm monitoring and response services: In
India, the company provides electronic security services, including integrated and
turnkey electronic security and surveillance solutions combining electronic security
with trained manpower and it has recently entered into a joint venture in order to
provide home alarm monitoring and response services.
Facility management services: SIS’s facility management services in India includes
cleaning, janitorial services, disaster restoration and clean-up of damage, as well
as facility operation and management such as deployment of receptionists, lift
operators, electricians and plumbers, and also pest and termite control. Effective
August 1, 2016, SIS acquired 78.72% of the outstanding equity shares of Dusters
Total Solutions Services Private Limited (“Dusters”), with the agreement to increase
the shareholding to 100% over the next three years. Dusters is the fourth largest
facility management services provider in India, in terms of revenues, as of March
31, 2016, according to Frost & Sullivan. Company has developed its portfolio of
services in order to cater to the needs of diverse consumer segments, including,
business entities, Government organizations and households, and to leverage the
growth and potential of such customer segments in India.
As of April 30, 2017, SIS had a widespread branch network consisting of 251
branches in 124 cities in India, which covers 630 districts. Company employed
148,678 personnel in India and rendered security and facility management
services at 11,869 customer premises across India. In Australia, company operates
in each of the eight states and employed 5,754 personnel, servicing 245
customers, as of April 30, 2017. SIS’s widespread branch network enables it to