SIS Limited

SIS Limited

Trade name	SIS Limited
Traded as	NSE:  SIS BSE:  540673
Founded	1985;39 years ago (1985) in Patna, Bihar, India
Founder	Ravindra Kishore Sinha
Headquarters	New Delhi , India
Number of locations	312+ branches (2020)
Area served	India Australia New Zealand
Key people	Rituraj Kishore Sinha Group Managing Director [1]
Number of employees	2.25 lakh
Website	SIS India

SIS Group Enterprise ^[2] (formerly Security and Intelligence Services (India)) is a private security firm in India, Australia and New Zealand. It was set up in 1985 by Ravindra Kishore Sinha who is an Indian billionaire businessman and journalist. ^[3] which is now led by his son Rituraj Sinha as Group Managing Director. ^[1] SIS Group is one of the largest manpower security firms in the Indo-Pacific region with sales in excess of ₹8,500 crore (FY2020). ^[4] The company offers Security, Cash Logistics, and Facility Management Services in India, Australia, and a few Asia-Pacific regions. ^[5] Currently, Ravindra Kishore Sinha is the Chairman and Rituraj Kishore Sinha is the group managing director of the SIS Ltd. ^{[6] [7]}

History

Origins

SIS Group Enterprise, formerly known as Security and Intelligence Services (SIS India), was set up in Patna, Bihar, in 1978 by RK Sinha. ^[3] The inception of the company by RK Sinha occurred after his career as a Trainee reporter ended in 1973. He set up the Security and Intelligence Services India Ltd. company in a small Garage in Patna with Rs 250 at 23 years old. ^[8]

1985–1990

In its foundation year, 1986, SIS India launched its Graduate Trainee Officer (GTO) program initiated to build a cadre of security officers and managers. The company also employed a workforce between 250-300 people with a turnover of ₹1 Lakh. ^[8]

In 1989, SIS India developed a DOS-based software program for payroll & its management on 486 computers. ^[9]

1991–2006

In 1991, SIS India completed the milestone of crossing its employee count beyond 1000. ^[9]

In 1998, SIS India obtained ISO Certification, becoming the first Indian Security company to acquire it. ^[9]

In 2002, Rituraj Kishore Sinha, an alumnus of Leeds University Business School, joined his family business, SIS. As part of a larger professional management team, the initial focus was on business process reengineering and geographical expansion of SIS which was an INR 25 crore company at that point but a very well regarded brand in the industry. ^{[10] [11]}

In 2004, SIS India developed and launched the first integrated end-to-end ERP platform ^[9]

2006–2021

In 2007, SIS India commenced its West India operations by the inauguration of its regional office in Mumbai. In the same year, The company also received approximately ₹50 crores investment from DE Shaw, Hedge Funds Firm. ^[12]

In 2008, SIS acquired Australia's largest security company, Chubb Security, becoming the first Indian multinational in security services. ^[13] The acquisition of the Australian guarding and mobile patrol business unit of US industrial conglomerate United Technologies was handled by Citigroup on their behalf.

In 2010, SIS India launched its Electronic Security arm under the name of TECH SIS. ^[14]

In 2011, SIS India formed a joint venture with Prosegur called SIS Prosegur for providing SIS Cash Services. ^[15]

On 24 August 2011, SIS announced that it is entering into a joint venture with Terminix, to perform pest and termite control in India. ^[16] The venture incorporated Pest Control Segment into its Facilities Management Segment and is called TerminiXSIS.

In 2013, SIS India received ₹550 crores investment from CX Partners, a private equity firm, affirming history's largest PE investment in the Security Sector. In 2014, SIS India celebrated its 40th anniversary, with its consolidated revenue crossing Rs 2500 crore. The company also acquires the ISS cash business and rebrands it as SISCO. ^[15]

In 2016, SIS India made over Rs 4000 crore in revenue, besides acquiring Dusters, becoming India's 4th largest Facility Management Provider. ^[17]

In 2017, the SIS Group IPO was launched, making the company the first in the nation to become listed. ^{[18] [19] [20]}

In 2018, SIS India consolidated its leadership position in India Security & FM by acquiring stakes in SLV, ^[21] Bengaluru-based Uniq Detective and Security Services & Rare Hospitality and Services Pvt. Ltd. ^{[22] [23]}

In 2019, SIS India crossed a workforce of more than 200,000 with over $1 Billion in revenues. The company also consolidated APAC leadership in Security by acquiring Henderson& Platform 4 Group. ^[24]

In 2021, SIS Group’s Q3FY22 was a record quarter for the company with its highest ever revenue at Rs. 2,601 crore said Rituraj Sinha. ^[25] SIS India was felicitated as one of the Best Mega Employers in India. Also, It has been recognized as a “Great Place to work” by the GPTW Institute India. Mr. Rituraj Sinha credited his employees for the achievement and said they would strive to achieve further heights. ^[26]

Since 2022

In 2022, SIS crossed Rs 10,000 crore annual revenue mark for the first time. SIS has reported consolidated revenue for FY22 at Rs 10,059 crore. ^[27]

In FY22, SIS entered into the Rs10,000-crore revenue club by clocking Rs10,059.1 crore, a growth of over 10.2 percent over the last fiscal. What is most interesting is that the security services, facility management and cash logistics major took just five years to double its revenue. Rituraj Sinha, however, uses a long-term lens to make sense of the data. “From Rs25 crore in 2002 to Rs10,000 crore in 2022. That’s our story,” he says. He quickly qualifies his statement. “It’s a profitable and sustainable story,” ^[28]

Addressing to the press and the investors Group Managing Director of Group SIS Mr. Rituraj Sinha expressed confidence that the group would continue to grow to greater heights and become an industry leader in the fields of security services, facility management and cash logistics and suitably rewards its employees and investors alike. ^[29]

Operations

Activities/Services

The company offers security services to banks, hotels, institutions, IT & ITES, residential colonies, Retail and commercial establishments. It also offers electronic security systems, consulting, housekeeping and security services like Pre-employment Verification & Surveillance, Cash services which include the transfer of cash and valuables and ATM replenishment and recruitment and training services. ^[5]

India & Overseas

The company has over 10,000 customers which include major industry players such as Tata Steel, Tata Motors, ICICI Bank, Idea Cellular and Future Group. ^[30]

Over the last decade, company has diversified its domestic play and opted for an aggressive inorganic route to expand overseas. ^[28]

Operating Structure

SIS Group Enterprise Segments its business structure into three key areas:

• Security Services which includes services for security design, fire safety, event security, VIP protection, aviation security, emergency response, investigation work, and integrated man-tech. ^[31]
• Cash Logistics Services which are offered under SIS Prosegur, in partnership with Spain’s Prosegur - Security Company, to provide cash-in-transit, doorstep banking, ATM-related services, Precious Cargo, bullion management, and cash vaulting services. ^[15]
• Facility Management Services which includes Soft Facility Management and Hard Facility Management Operations & Management.

Covid Vaccinations

SIS Group, has completed inoculating 102,008 employees of its 2,30,000 workforce. This was done through Humare Heroes Vaccination Drive (HHVD) launched on May 1, 2021, within a record timeframe of 30 days. “While we put a lot of effort in arranging the vaccines for our employees, the availability and feasibility helped our team to turn this into a reality,” said Rituraj Sinha, managing group director, SIS Ltd. ^[32]

Key People

SIS Group Enterprise had the following board of directors: ^{[5] [6]}

Name	Position	Year Elected
Ravindra Kishore Sinha	Founder/Group Chairman	1985
Rituraj Kishore Sinha	Board Member	2002
Rituraj Kishore Sinha	Chairman, Group COO, Group MD	2008
Uday Singh	Board Member/Management Committee Member	2002

References

1. "SIS Registered Address Contact Details, SIS Management". www.moneycontrol.com.
2. Shukla, Abhay. "COVID Is A Watershed Moment For Security, Facility Management Sector". BW Businessworld.
3. "SIS Founder - Ravindra Kishore Sinha". Forbes .
4. Mishra, Lalatendu (12 September 2020). "Overseas business helps security firm SIS India". The Hindu.
5. "SIS LTD. (SIS) - COMPANY HISTORY".
6. "SIS India - Board of Directors".
7. "Rituraj Sinha - Managing Director SIS India". Bloomberg News .
8. Shanbaug, Amit (23 December 2013). "From Rs 250 to Rs 2,700 crore, R K Sinha's SIS is the first Indian MNC in security industry". The Economic Times.
9. "SIS Through The Ages".
10. "How Rituraj Sinha Is Changing The Security Company His Father Founded".
11. "India's largest security firm SIS' unique growth plan is out-of-the-box".
12. "How SIS's multi-pronged expansion approach brought it international success".
13. "SIS open to buys in security biz".
14. "Tech SIS Limited".
15. "SIS Prosegur acquires cash management business of ISS".
16. "SIS, Terminix forms joint venture for pest control services".
17. "SIS India buys stake in Dusters Total Solutions".
18. "SIS IPO to hit Street on July 31: Key things to know".
19. "SIS IPO to be launched on Monday, firm seeks to raise up to Rs780 crore".
20. "SIS India sets IPO band at Rs 805-815".
21. "SIS acquire SLV Security Services".
22. "SIS acquires controlling stake in Bangalore-based Uniq".
23. "SIS India acquires 80% stake in Rare Hospitality".
24. "SIS India eyes SEA foray, to quire 60% stake in Singapore's Henderson".
25. "Security and Intelligence Services profit rises to Rs 101 crore in Q3".
26. "SIS Group certified as "Great Place to Work" by GPTW Institute".
27. "SIS crosses Rs 10,000 crore annual revenue mark for the first time".
28. "McDonald's, down under and Bharat army: How SIS doubled its revenue to Rs 10,000 crore in five years".
29. "SIS Ltd Commits To Creating 10,000 Additional Jobs".
30. "Indian private security firm SIS India keen on raising equity for acquisition investments | Invest in India". www.investinindia.com.
31. "Security services firm SIS looks to recover to pre-Covid levels".
32. "SIS completes 100k vaccinations for employees across India in record time".