JOINT VENTURE PARTNERS
At the SIS Group, while chalking out our strategy to diversify beyond guarding, we have acknowledged the need to blend our inherent strengths with the expertise and experience of global leaders with the end objective of providing seamless and quality solutions to our customers. This not only helps in the creation of a reservoir of global best practices but also mitigates diversification risks. We enjoy a strong legacy of creating successful collaborations / joint ventures that are run by their own focused management teams.
In 2008, ServiceMaster Clean, a worldwide leader in commercial and residential cleaning and disaster restoration, entered into a master license agreement with the SIS Group. ServiceMaster, a USD 4 bn multinational Company with its headquarters at Memphis (United States), is acknowledged as leading service provider in field of cleaning, pest control and disaster restoration services. ServiceMaster Clean serves customers in more than
40 countries through a global network of more than 4,500 franchises.
Incorporated in 1947, ServiceMaster Clean is one of the world’s largest and most respected cleaning and janitorial services company and also a part of the Fortune-500. The company is a leader in environment-friendly ‘green cleaning’ practices and employs a global workforce of over 40,000 professionals. A Six-Sigma company dedicated to continuous improvement, ServiceMaster Clean serves customers through a global network of over 4,500 franchisees. The Company provides janitorial services, commercial carpet cleaning, hard surface floor care, residential carpet cleaning and upholstery and disaster restorationservices.
ServiceMaster Clean is part of the ServiceMaster family that includes international brands like TruGreen ChemLawn, TruGreen LandCare, Terminix, American Home Shield, InStar Services Group, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec.
SIS Group, the largest Indian owned security services group, and Prosegur, world’s second largest security services provider by market capitalisation, announced a Joint Venture for Cash Management Services in India, on 25th May, 2011. The joint venture company is known as ‘SIS Prosegur’. SIS Prosegur, the JV Company offers a comprehensive range of secured transportation, vaulting, processing and maintenance solutions for ATMs,
Bank cash, bullion and other valuables catering primarily to Banks/Financial Institutions and Organised Retail industry.
Prosegur is the global leader in the cash management business. Having established and developed CIT (cash in-transit) operations in multiple countries in South America over the last decade or so, Prosegur possesses tremendous experience in this specialised space. Prosegur is a Euro 3 billion leading global security service provider present in Spain, Argentina, Brazil, Chile, Colombia, France, Italy, Mexico, Paraguay, Peru, Portugal, Romania and Uruguay. Involved in a continuous process of technological innovation for over 30 years, the company offers all the security services that customers can demand today. With a workforce of over 100,000 employees and more than 600 offices located throughout the world, a firm commitment to technology and innovation, human capital in perfect harmony with customer proximity and excellence in providing service have enabled the Company to continue to grow day by day.
In August 2011, the SIS Group and Terminix, the world leader in Pest Management entered into a joint venture, to operate a pest control business in India. Terminix SIS, the JV Company of which 50.01% is held by SIS Group and 49.99% is held by Terminix.Terminix SIS which initially set up operations in North India, is seeking to launch over 25 branches across the country, with presence in major cities like Mumbai, Bangalore, Hyderabad, Chennai, Kolkata,
Chandigarh, Pune, Ahmedabad, Cochin, Indore, among other cities. Besides, the JV Company will set up state-of-the-art Research and Development centre for technicians and service engineers in line with global best practices.
Terminix is the world’s largest pest exterminator company and possesses the demonstrated capability of providing the most extensive range of pest control services, most successfully in the large and quality-sensitive market of the United States. The Company enjoys unmatched global expertise in R&D, marketing and technology, support operations and business management in the pest control segment. Terminix, a division of the ServiceMaster Company (USD 7.7 billion market leader), is the world’s largest pest control provider with revenues in excess of USD 1.5 billion. Headquartered in Memphis, USA, Terminix services more than 3 million customers in 46 states and 14 countries. Terminix provides pest control services and protection against termites, rodents and other pests threatening human health and/or safety.