Topsgrup eyes Rs 1,500 cr revenue in FY12

Security solutions provider Topsgrup is eyeing over 62% revenue growth at Rs 1,500 crore and is planning to enter the capital market by mid next year to raise Rs 300 crore, a top company executive has said.

"We are the largest security solutions provider in the country and are planning to further strengthen our presence further. We are also planning to hit the capital market by mid next year to raise around Rs 300 crore to fund our expansion," company Global Chairman Diwan Rahul Nanda said.

Topsgrup, which employs 93,000 people from 120 offices pan-India, reported a revenue of Rs 925 crore, he said, adding the company has about 8,000 customers.

"We are planning to hire another 30,000 employees in next three years," Nanda said.

Topsgrup has 11 training centres, including two in the UK, where the company gives training to its workforce.

"We also have a strategic tie-up with the Ministry of Rural Development to train rural youth living below the poverty line across the country to enable them to earn their livelihood," he said.

The company, which forayed into the UK in 2008, is currently focused on domestic expansion, he said.

"Besides strengthening our existing presence through more acquisitions we are also looking into rural penetration as the opportunities there are growing," he said.

In May 2008, Topsgrup became the first Indian security company to foray into the UK by acquiring majority stake in the security company, The Shield Guarding Company.