We ventured beyond just guarding to diversify and expand our operations. Our experience as leaders in both India and Australia along with our technological expertise has led to several successful collaborations.
In 2008, Service Master Clean, a worldwide leader in commercial and residential cleaning and disaster restoration, entered into a master license agreement with the SIS Group. Incorporated in 1947, today Service Master is a USD 4 billion multinational company, headquartered in Memphis (United States). They are acknowledged as the leading service provider in the field of cleaning, pest control and disaster restoration services. They serve customers in more than 40 countries through a global network of more than 4,500 franchises.
The company is a leader in environment-friendly ‘green cleaning’ practices. They provide janitorial services, commercial carpet cleaning, hard surface floor care, residential carpet & upholstery cleaning and disaster restoration services.
Service Master Clean is part of the Service Master family that includes international brands like TruGreenChemLawn, TruGreenLandCare, Terminix, American Home Shield, In Star Services Group, Merry Maids, Furniture Medic and AmeriSpec.
The SIS Group, and PROSEGUR, a world leader in cash logistics, security and alarms, entered into a joint venture for cash logistics services in India in 2011. Prosegur has over 168,000 employees with revenues of over Euros 3.9 bn in 2016. The Joint Venture Company is known as ‘SIS Prosegur’.
SIS Prosegur 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 the organized retail industry.
We entered into another Joint Venture with Prosegur to provide Alarm, Monitoring and Response Solutions to homes and businesses under thebrand vProtect. vProtect also offers an emergency response fleet to become one of the first integrated security response service providers in India
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 is the Joint Venture, of which the SIS Group holds 50.01% while Terminix holds 49.99%.
Terminix is the world’s largest pest exterminator company and possesses an extensive range of pest control services. The company enjoys unmatched global expertise in R&D, marketing and technology, support operations and business management in the pest control segment. Headquartered in Memphis, USA, Terminix services more than 3 million customers in 46 states and 14 countries.
Shareholders & investors
The shareholders of SIS consist of promoters, industry veterans, a private equity fund and key employees. Thomas Berglund (former CEO of Securitas AB) and HakanWinberg (former CFO of Securitas AB) are shareholders in SIS and are industry veterans with formidable global sector knowledge and experience. They also act as mentors to the Group, steering it to achieve a leading position. CX Partners, one of India’s largest investment firms is also a significant minority shareholder in the Group. Furthermore, key employees and long serving guards own shares in the Company as the Group believes that every individual contributing to the growth of SIS is a partner in its profit.
CX Partners is one of the leading private equity funds in India and was founded in 2009 with a corpus of USD 500mn. It is focused on providing growth equity to mid-market companies in India and has made investments in different sectors ranging from power, electronics, hotels, telecommunications, financial services and business services. The investment philosophy of the fund involves working cohesively with the promoters in the true spirit of partnership to add strategic and operational value to the business.