* 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. * SISA to deploy funds for expansion of operations across India.

1. 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 more
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 Fund 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 Security 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. Among the security
solutions offered by SISA are Manned Guarding, Cash Handling, Electronic Security Equipment,
Event Security and Emergency Response Services. With a nationwide presence, SISA is
providing security services to leading corporates, 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. (CVCFL) , “The
Private Security services sector in India is expected to grow at 20% annually up to 2019 with
90% of security comprising of manned guarding and secure cash movement. SISA has a
progressive professional management which envisages taking the company on fast track
growth. CVCFL anticipates that the company through profitable business mix and quality
management shall be able to offer significant returns through dividends and capital
appreciation on exit. CVCFL aims to assist 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 cross Rs.60,000 Cr by 2020. But
only 60% of this is in the organized sector and ‘physical 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 million private security personnel employed across India and it is expected to
continue to grow in the future.
States Sameer Sharma, MD, SISA, “We have been looking for funds to expand and upgrade our
operations especially in the field of Physical guarding and Cash Management 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 strength by adding another 100 Cash Vans this
Financial Year 2015-16. The company also proposes to give added thrust to high margin
business segment like Emergency Response Services & Event Management Security services.
The aim is to become one amongst India’s top ten Security Services Providers and reach a
turnover of Rs 150 Crore by FY 2017-18.

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