The private solution provider, Security and Intelligence Services (SIS) has begun planning more business deals in the offing to enhance its business, as reported by the Indian daily news, The Economic Times.
The Indian security solutions firm, SIS has acquired four companies in the last one year.
Our focus is on India as this is where we will see most growth in the coming years. We are looking at both organic and inorganic growth but the focus would be on India, Rituraj Sinha, MD at SIS, told the Indian daily news, The Economic Times.
Sinha further added that the companys organic growth has risen up to 25 per cent whilst the inorganic growth is shoring up the organic growth.
Our organic growth has been close to 25% CAGR in the last 20 years. The inorganic growth through acquisitions is just to supplement our organic growth, said Sinha.
Besides having foothold in India, SIS has expanded its operations in other countries as well namely, New Zealand, Australia and Singapore. In January 2019, the security solutions company procured stakes worth INR 200 crore in Singapore-based company, Henderson.
SIS was established in 1985 and since then, the company is providing an array of security services such as facility management, cash logistics and security devices.