"THERE IS HUGE SCOPE TO GROW AS A MARKET LEADER"

SIS Group Enterprises is a $1.3 billion multinational and market leader in security, facility management and cash logistics solutions. DHIRAJ SINGH, CEO, SIS talks to ASHISH SINHA of BW Businessworld about a variety of issues, opportunities and the role of Al and technology as a major game-changer going ahead. Excerpts:

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Do take us through your journey post-listing? How has SIS performed in these past five years?

We are a market leader in physical security, cash logistics and facility management services and operate in India, Australia, New Zealand and Singapore. During the last five years of listing, we have grown our revenues from about Rs 4,390 crore in FY2017 to more than Rs 10,000 crore in FY2022 at a CAGR of 18.1 per cent. Similarly, EBITDA has grown from Rs 220 crore to Rs 500 crore at a CAGR of 17.7 per cent. PAT has grown from Rs 110 crore to Rs 326 crore at an almost 24 per cent CAGR. The employee base has grown from 1.5 lakh to 2.5 lakh in FY2022 and 2.8 lakh as of now. The branches have also increased from 251 to 374 and the number of customer sites has gone up significantly from 12,000 to almost 42,000 now.

Overall, on the completion of five years since listing, including the two difficult years of the pandemic, we believe that we have built a highly stable and predictable business which is resilient to any economic variations, as well as from a geographic and industry standpoint.

We have consistently delivered revenue and business growth every year and have continued distributions to shareholders in the form of dividends and buybacks every year. SIS has also been ranked 4 amongst the best companies to work for in India by Great Place to Work and we have also been recognised as a super brand.