India's pvt security business may touch Rs 25,000 cr by 2015

Bhopal, Apr 28 (UNI) The private security business in India possesses the potential for exponential growth to the tune of Rs 25,000 crore by 2015 and has the capacity to create five lakh jobs annually, claims an ISO 9001:2000-certified company that operates across 22 states.

''The Private Security Agencies (Regulation) Act, 2005 will lead to regulated competition and industry consolidation while price correction and market segmentation are expected besides entry of several MNCs, synergy between government and private security organisations. A larger role for the private security industry is envisaged in national security and disaster management,'' Security and Intelligence Serives (SIS) India Chairman and Managing Director R K Sinha said here today.

Claiming that his personnel were equipped with the gadgetry and knowhow to even take part in sting operations, he declined to either conform or deny that SIS aided any media expose.

''We have assisted CBI in certain cases. SIS India has been in the industry since 1974. Last year, it achieved the status of the third largest security company in the country. Our Compound Annual Growth Rate exceeded 40 per cent over the past three years. We have over 20,000 non-unionised permanent employees. More than 1,000 clients include goverment establishments, public sector, private sector and MNCs,'' claimed Mr Sinha.

The range of services comprises Electronic Security Systems, Consultancy and Investigation (C and I), Cash-In-Transit (CIT), Guarding Services and Value Added Services. The SIS India Corporate Office is at New Delhi while eight regional offices are at Delhi, Mumbai, Kolkata, Bangalore, Hyderabad, Nagpur and Ranchi.

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