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. 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.1985 to 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. In 1989, SIS India developed a DOS-based software program for payroll & its management on 486 computers.1991 to 2006
In 1991, SIS India completed the milestone of crossing its employee count beyond 1000. In 1998, SIS India obtained ISO Certification, becoming the first Indian Security company to acquire it. 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. In 2004, SIS India developed and launched the first integrated end-to-end ERP platform2006 to 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. In 2008, SIS acquired Australia's largest security company,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. 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,”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.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. Over the last decade, company has diversified its domestic play and opted for an aggressive inorganic route to expand overseas.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. * 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. * 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.Key People
SIS Group Enterprise had the following board of directors:References
{{Reflist Security companies of India Fire detection and alarm companies