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Security & Intelligence Services India Ltd.

BSE: 540673 Sector: Others
NSE: SIS ISIN Code: INE285J01028
BSE 00:00 | 22 May 356.70 -12.05
(-3.27%)
OPEN

366.95

HIGH

367.55

LOW

354.70

NSE 00:00 | 22 May 355.70 -12.65
(-3.43%)
OPEN

369.90

HIGH

369.90

LOW

353.50

OPEN 366.95
PREVIOUS CLOSE 368.75
VOLUME 904
52-Week high 624.10
52-Week low 323.90
P/E 60.56
Mkt Cap.(Rs cr) 5,231
Buy Price 354.70
Buy Qty 21.00
Sell Price 372.00
Sell Qty 1.00
OPEN 366.95
CLOSE 368.75
VOLUME 904
52-Week high 624.10
52-Week low 323.90
P/E 60.56
Mkt Cap.(Rs cr) 5,231
Buy Price 354.70
Buy Qty 21.00
Sell Price 372.00
Sell Qty 1.00

Security & Intelligence Services India Ltd. (SIS) - Company History

Security and Intelligence Services (India) Limited (SIS) is a leading provider of private security facility management and cash logistics services. SIS is the 2nd largest & fastest growing Security services company in India and the largest security services company in Australia. It is also the 2nd largest facility management services company in India. SIS is the 2nd largest Cash Logistics Service provider in India. The 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. SIS has the largest trained manpower supply chain in India. The Company is promoted by Ravindra Kishore Sinha and Rituraj Kishore Sinha. As on March 31 2019 the Company has 38 subsidiaries 3 associates and 2 Joint Ventures.Security and Intelligence Services (India) Limited was incorporated as a private limited company with the name `Security and Intelligence Services (Eastern India) Private Limited' on January 2 1985. In order to effectively expand its operations at the national level the words `Eastern India' were removed from company name in 1992 and the name of the company was changed to `Security and Intelligence Services (India) Private Limited' on May 27 1992. Subsequently the Company was converted into a public limited company and the name was changed to `Security and Intelligence Services (India) Limited' on July 29 1993. In 2005 company-wide implementation of ISO 9001 was initiated. During the year under review the company entered into cash logistics services segment. In 2006 Version 1 of SIS ERP was rolled out. During the year under review the company crossed the 10000-employee mark. In 2008 D. E. Shaw Composite Investments (Mauritius) Limited PCC made investment into the company. During the year under review the company launched mechanized cleaning services. During the year under review credit rating agency CRISIL awarded `SME 1' rating to the company. During the year under review the company acquired MSS Security from Chubb Security Australia Pty. Limited for AUD 45 million.In 2011 the company entered into a joint venture with Prosegur Spain for cash logistics business. During the year under review the company entered into a joint venture with Terminix US for entry into pest control business. In 2013 D. E. Shaw sold its entire investment in the company. During the year under review CX Partners (Theano and AAJV) made investment into the company. During the financial year ended 31 March 2013 the company crossed Rs 2500 crore in-consolidated revenue. In December 2014 the company acquired the cash logistics business of ISS SDB Security Services Private Limited.In 2015 the number of employees of the company crossed 1 lakh. During the year under review the company became India's second largest operator in cash logistics business segment in terms of total revenue and number of employees according to Frost & Sullivan. During the financial year ended 31 March 2015 the company crossed Rs 3500 crore in consolidated revenue.In 2016 the company's subsidiary MSS Security was recognised for operating a quality management system for security manpower services at contracted locations across Australia and was certified to be in compliance with the requirements of ISO 9001:2008. During the year under review the company acquired 78.72% of the outstanding equity shares of Dusters Total Solutions Services Private Limited (Dusters) with the agreement to increase its shareholding to 100% over the next three years (pursuant to which it acquired a further 7.2% of the outstanding equity of Dusters on 31 July 2017). Dusters are the fourth largest facility management services provider in India in terms of revenues as of 31 March 2016 according to Frost & Sullivan.In 2017 the company through its indirect subsidiary SIS Australia Group acquired 51% of the voting rights in Andwills Pty Ltd which resulted in acquisition of additional 41% of voting rights in Southern Cross Protection Pty. Ltd. (SXP) (one of the former associates of the company) thereby resulting in Andwills Pty Ltd. SX Protective Services Pty Ltd. SXP and subsidiaries of SXP becoming subsidiaries of the company. The company came out with an initial public offer (IPO) during the period from 31 July 2017 to 2 August 2017. The IPO was a combination of fresh issue of Rs 362.25 crore and offer for sale of 51.2 lakh equity shares by the selling shareholders. The stock debuted at Rs 875 on BSE on 10 August 2017 a premium of 7.36% compared with the IPO price of Rs 815 per share. On 2 August 2018 Security and Intelligence Services (India) Limited (SIS) announced a strategic partnership with SLV Security Services (SLV) headquartered in Gurgaon whereby it would take a 51% stake in SLV. This is the first strategic transaction for SIS since its IPO. Founded by Mr. Vishal Swara and Mr. Shyam Swara SLV was incorporated in 1986. SLV provides security services electronic surveillance event security/management and security consulting services. The business currently generates over Rs240 crores in revenues with a majority of the revenues coming from the NCR region. The company has over 650 customers and operates 1575 sites. Through this strategic partnership the SIS - SLV combine shall secure the highest market share in Gurgaon - NCR market. The SLV partnership is also expected to offer valuable synergies in targeting the residential market in Gurgaon. On 4 October 2018 Security and Intelligence Services (India) Limited (SIS) announced that it has been awarded a three year contract valued at approximately Rs. 300 crores to provide security solutions to 47 facilities of Cognizant Technologies located across India. As part of the contract SIS will deploy around 5000 security personnel in different categories to provide security services across 47 sites of Cognizant at Chennai Bangalore Kochi Coimbatore Pune Mumbai and Kolkata.On 17 October 2018 Security and Intelligence Services (India) Limited (SIS) signed definitive agreements to acquire initially 80% shareholding in Rare Hospitality and Services Private Limited (Rare). Rare provides facility management services. The acquisition would help SIS increase market share in the facility management services and also increase its presence in the Western region. Rare is a strong player in the healthcare segment and post-acquisition SIS + Rare will be a dominant player in the healthcare segment which is poised to be a high growth industry with increasing focus on healthcare by private and government institutions.In March 2019 the Company acquired the majority shareholding in Henderson Group and P4G businesses and extended the international businesses to Singapore and New Zealand.On April 24 2019 the Company has acquired 50% shareholding in SIS Prosegur Alarm Monitoring and Response Services Private Limited (SPAMRS) from Singpai Alarms Private Limited in addition to the existing 50% shareholding held by it directly and indirectly. This acquisition would result in SPAMRS becoming a 100% subsidiary of the Company effective this date. During the year September 1 2018 the Company acquired 51% of the outstanding equity shares of SLV Security Services Private Limited.During the year November 1 2018 the Company acquired 80% of the outstanding equity shares of Rare Hospitality and Services Private Limited.Effective February 1 2019 the Company acquired 51% of the outstanding equity of shares of Uniq Detective and Security Services Private Limited.Effective the close of business on February 28 2019 the Company through its wholly owned subsidiary acquired 60% of the outstanding equity shares of SIS Henderson Holdings Pte. Ltd. Effective the close of business on February 28 2019 the Company through its wholly owned subsidiary acquired 51% of the outstanding equity shares of Platform 4 Group Limited.