| In the first ever overseas acquisition by an Indian | | | | According to GerryPaxton, Executive Chairman of |
| securitycompany, TOPSGRUP with a market | | | | Shield, “thestrategic partnership of two nationally |
| capitalization of Rs 1000 crores (07-08) hasacquired a | | | | leading security brands augurs well forthe rapidly |
| 51% majority stake in UK’s leading security | | | | growing global security industry which is estimated to |
| service provider ‘TheShield Guarding Company | | | | cross the US $230 billion mark by2015. Shield is |
| Ltd’ for an all cash deal of Rs 125 crores. | | | | known for its business values, its focus on quality of |
| According to Dr.Diwan Rahul Nanda, Global Chairman | | | | serviceand commitment to the customers and its |
| & Managing Director, TOPSGRUP, “Shield’s | | | | employees and we are delighted that wehave found |
| acquisition in the United Kingdomwill act as a strategic | | | | a perfect match in TOPSGRUP”.Shield promoted |
| gateway for our global growth plans in the | | | | by Gerald Paxton recorded a turnover of US$ 121 |
| comingyears. Shield with its great business ethics | | | | million (Rs484 crores) and a profit before taxation of |
| coupled with a strong managementteam and a loyal | | | | US$ 4.5 million (Rs 18 crores) forthe year 2007-2008. |
| customer base has great synergies with TOPSGRUP. | | | | It is poised to achieve revenues in excess of US |
| We envisage alot of cost and experience sharing | | | | $140 million(Rs 560 crores) in 2008-2009. |
| benefits across both companies that willbenefit the | | | | TOPSGRUP, the first Indian MNC security provider |
| Indian and the British customers and employees as | | | | offerstailor-made security solutions including manned |
| well. This is a proudmoment not only for TOPSGRUP | | | | guarding, electronic securitysystems, investigation, |
| but for the entire Indian security industry” | | | | facility management, cash management, |
| Currently, TOPSGRUP is India’spreferred security | | | | consultancy,advanced training and emergency |
| solutions provider with a human capital base of | | | | response service called TOPSLINE 1252. TopsSecurity |
| 65,000employees partnering with over 6,000 | | | | Limited, the flagship company of Topsgrup, holds the |
| customers through its pan India networkof 110 | | | | distinction ofbeing the first security firm in India to |
| offices. TOPSGRUP through its aggressive organic | | | | land private equityfunding in 2007. Last year, ICICI |
| and inorganic growthdrive is poised to achieve | | | | Venture invested Rs 115 crore ($28 million)for 13.69 |
| revenues in excess of Rs 1000 crores by the end of | | | | per cent equity stake, while Indivision (the |
| thecurrent fiscal. Very recently, TOPSGRUP also | | | | investment arm of FutureGroup) increased its existing |
| acquired a Rs 35 crore SouthIndian security company | | | | stake in the company from 4.94 per cent to 7.08per |
| called Guardwell Detective Services Private | | | | cent with an additional investment of Rs 25 crore ($6 |
| Limited.Some of TOPSGRUP’s key partners | | | | million) taking itstotal exposure in TOPSGRUP at Rs |
| include Tatas,Birlas, Reliance, Airtel, Oracle, HSBC, | | | | 57 crore. Well known stock investor |
| Stanchart, ICICI, Future group amongstothers | | | | RakeshJhunjhunwala also owns 10.8 per cent stake in |
| The Shield Guarding Company Ltd, one of the top 10 | | | | Tops and is a director on the prestigiousboard. |
| marketleaders in United Kingdomwas established in | | | | Closer home, the security industry,which is being |
| 1987 and has an esteemed clientele spanning from | | | | termed as the ‘sunrise industry’ in the |
| WaltDisney, Fujitsu, Nokia / Vertu, Master Foods, | | | | corporate sector; isestimated to be Rs 2,500 crores, |
| Broadgate Estates, Ove Arup,Halliburton KBR, | | | | fragmented by the unorganized sector at Rs |
| Porsche amongst many others. The British firm | | | | 1500crore. It is growing at a staggering compound |
| offers specializedsecurity services in the areas of | | | | annual growth rate (CAGR) of 25per cent, and is |
| manned guarding, door supervision, CCTVpublic space | | | | expected to be a dominating sector in the coming |
| surveillance, vehicle immobilization and cash in transit. | | | | years. Thesecurity industry worldwide is currently |
| Shieldcurrently partners with over 350 customers, | | | | pegged at $141 billion that includesguarding, |
| employs over 2500 human capitalassets and operates | | | | investigation and electronic security. |
| out of four offices in the United Kingdom. | | | | |