Canbank Venture Capital Fund (CVCFL) picks up Stake in Shiva Industrial Security

Agency Pvt Ltd (SISA), Surat

* SISA is a leading ISO Certified Pan India Security Services Company having mo
re than 4000 Guards and 150 plus cash Vans, with a turnover exceeding Rs 55 Cr.
* SISA to deploy funds for expansion of operations across India.
Mumbai, India, June 08, 2015 -- Canbank Venture Capital Fund through its Fifth F
und viz., Emerging India Growth Fund has invested Rs.11 Cr by way equity shares
and convertibles for a minority stake in Surat based M/s Shiva Industrial Securi
ty Agency (Guj) Pvt Ltd (SISA).
SISA is a leading ISO Certified Pan India Security Services Company having more
than 4000 Guards and 150 plus cash Vans, with a turnover exceeding Rs 55 cr. Amo
ng the security solutions offered by SISA are Manned Guarding, Cash Handling, El
ectronic Security Equipment, Event Security and Emergency Response Services. Wi
th a nationwide presence, SISA is providing security services to leading corpora
tes, Industrial Units, Airports, Metro Stations, Public & Private Sector Banks,
Malls/shopping complexes, Apartments, Hospitals etc.
Said Mr S Thiruvadi, Managing Director, Canbank Venture Capital Fund Ltd. (CVCF
L) , The Private Security services sector in India is expected to grow at 20% ann
ually up to 2019 with 90% of security comprising of manned guarding and secure c
ash movement. SISA has a progressive professional management which envisages ta
king the company on fast track growth. CVCFL anticipates that the company throug
h profitable business mix and quality management shall be able to offer signific
ant returns through dividends and capital appreciation on exit. CVCFL aims to a
ssist unlisted mid stage/late stage companies in the manufacturing and services
sector with good growth potential and require funding
Indian private security services industry has an estimated business of Rs.30,000
Cr and has been repeatedly growing at 15-20% annually and FICCI expects it to c
ross Rs.60,000 Cr by 2020. But only 60% of this is in the organized sector and p
hysical guarding accounts for bulk of the revenue. The private security services
industry is one of the largest employers in India. There are around 6.5 millio
n private security personnel employed across India and it is expected to continu
e to grow in the future.
States Sameer Sharma, MD, SISA, We have been looking for funds to expand and upgr
ade our operations especially in the field of Physical guarding and Cash Managem
ent Services. The funds from CVFCL shall be deployed towards adding Branches to
boost the existing guarding strength and also to increase our Cash Van fleet str
ength by adding another 100 Cash Vans this Financial Year 2015-16. The company a
lso proposes to give added thrust to high margin business segment like Emergency
Response Services & Event Management Security services. The aim is to become on
e amongst India s top ten Security Services Providers and reach a turnover of Rs 1
50 Crore by FY 2017-18.
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equity shares, convertibles, security services, security solutions, cvcfl, canba

nk venture, manned guarding, cash handling, electronic security equipment, event
security, emergency response services