From Rs 250 to Rs 2,700 crore, R K Sinha’s SIS is the first Indian MNC in the security industry.
Mr Ravindra Kishore Sinha, popularly known as RK Sinha, is a first- generation entrepreneur who successfully started Security & Intelligence Services (India) Limited (SIS) in 1974, which is the leading security and business support service provider in Asia-Pacific. Mr. Sinha is also an Indian politician, representing BJP in the Rajya Sabha as an MP from 2014-2020. In addition to this, Mr. Sinha is a popular columnist, social activist & thinker. SIS, which began as a team of just two employees in a rented office in 1985 is today, a leading security services company in India and Australia specialising in cash logistics and facility management services. In 1988, SIS opened a new training academy division for graduate officers. Till date, they have trained nearly 2 lakh security guards and 1,500 graduate officers.
In 2005, with a turnover of nearly Rs 25 crore, they decided to expand their footprint across the country. With many banks bullish about their ATM expansion during this period, they grabbed the opportunity and launched their cash management services growing from 14 offices to 52.
The next milestone came three years later, when Mr. Sinha learnt that Australia’s largest security agency, Chubb Security, was up for sale. The size of the deal was around $300 million. SIS had to sell 14% of their stake to D E Shaw, the New York-based hedge fund, to partly fund the acquisition. In the bargain, they became the first Indian multinational in the security services industry.Today MSS Security previously known as Chubb is owned by Security and Intelligence Services (SIS), one of Asia-Pacific’s largest security personnel companies, with more than 150,000 employees.
Around this time, they also diversified into other verticals, such as housekeeping and electronic security systems. In August 2011, they signed a joint venture with Terminix, the world leader in pest management, to form one of India’s largest pest control services company.
Three months prior to this, they had a joint venture with Prosegur, South America’s largest security services provider, to form one of India’s biggest cash management services company. This was the first strategic foreign investment in India’s cash management space. Today, they have 72,000 employees in 104 branches, including eight offices in Australia. Among their 3,000-odd corporate clients are industry majors like Tata Steel, ICICI Bank and Idea Cellular. Their consolidated turnover in 2012-13 was Rs 2,743 crore and they have been growing at nearly 35% year-on-year in India.
But this is not all – the Sinha empire spans across sectors from banking and financial services to manufacturing, cement, chemical and industrial gases, construction, educational institutions, FMCG, food and beverages, healthcare, hospitality, real estate and townships, insurance, IT/ ITeS, media, retail and entertainment, telecom, airports, metals, mining and other heavy industries, to even manning the monuments in the country. Sinha is also chairman of Hindustan Samachar, a news agency said to be close to the RSS.Today, SIS arguably wins more government contracts than any other security provider.
Australia India Business & Trade Foundation (AIBTF) will be organising a series of events aimed to bring together talent and resources from Australia and India, both onshore and offshore.