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Security services industry on slow comeback course: CRISIL SME Tracker

As a result, despite a projected 10-15 per cent growth this fiscal, the industry is expected to fall back to the FY18 level owing to negative growth of 30 per cent last fiscal

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The security services industry is seeing a gradual revival, with schools reopening and offices initiating a phased return to work as the pandemic impact eases.

The industry was hit hard in the last fiscal year (FY21) -- and earlier this fiscal (FY22) -- as lockdowns and restrictions resulted in many offices and commercial establishments trimming down their security and facility management staff.

The recent resurgence of Covid-19 cases owing to the omicron variant also caused hiccups, albeit less severe than during the first two waves.

Micro, Small and medium-sized enterprises (SMEs), which account for half of the

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First Published: Feb 24 2022 | 3:40 PM IST

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