SIS Close To Acquiring Co; Eyes Tech Edge, Organic Growth Under Vision 2030 Blueprint A

SIS Ltd, a firm specialising in security, facility management, and cash logistics, is close to an acquisition, CEO Dhiraj Singh said, outlining the company's overall focus on enhancing digital and tech capabilities, driving organic growth, and maintaining financial discipline as part of its Vision 2030 roadmap.

Singh told PTI that SIS is close to acquiring a company in the security domain, which would strengthen its existing 'SISCO' platform that addresses markets currently targeted by mid-tier security companies. The acquisition is likely to close within a month.

SIS, which closed FY25 with Rs 13,000 crore in revenues, aims to achieve a 2-2.5x growth by 2030, maintaining a strong focus on financial metrics, Singh said.

The company employs about 3 lakh personnel across its three businesses, a number that is likely to exceed 5 lakh by 2030, he added.

The Vision 2030 blueprint outlines accelerated market share expansion, cross-selling multi-service solutions, margin improvement, enhanced client retention, and deeper inroads into both Indian and overseas markets.

In fact, Ravindra Kishore Sinha, Chairman of SIS Ltd, in the company's latest annual report has asserted that the company will expand technology-driven solutions such as advanced surveillance, automation, and AI-powered monitoring.

Strategic acquisitions will play a key role in entering new markets and enhancing service capabilities.

According to Singh, the Vision 2030 initiative is the boldest and most ambitious strategy the company has ever launched. SIS views cross-selling as a low-hanging fruit, as it enables the company to expand the range of services provided to existing clients, say, offering facility management solutions to customers already using its security services.

"We also want to adopt more and more of technology, not just in client-facing applications but for internal operations as well," Singh said.

For SIS, the digital platforms bring together automation, analytics, and AI for clear, real-time insights to clients, helping anticipate risks, and boosting responsiveness.

From smart security systems and intelligent surveillance to IoT-enabled infrastructure and tech-led cash operations, the solutions are tailored to aid businesses in business continuity, and cost-efficiency.

That said, despite the growing digital and tech interventions, Singh made it clear that security will remain manpower-led industry, with an estimated two-thirds human and one-third technology mix. Technology will support, not replace workforce, he pointed out.

Whether digital solutions will eventually fully replace the traditional reliance on physical guard deployments in future, Singh said, "in movies that might be the case, but I don't personally see that happening in the near foreseeable future".

Even in evolved markets like the US, security remains largely a manpower-dominated industry, backed by technology, he emphasised.

Singh said SIS is focused on maintaining strong operating cash flow, prudent debt management, and working capital efficiency through faster collections and optimised contract terms. Return on equity and capital will remain a priority, he said.

"We want to make sure our operating cash flow continues to be very high. This business is attractive because of its cash flow... Secondly, we want to manage debt levels. So working capital efficiency... focus on collection on-time, having contracts/terms that meet this. We continue to focus on that part...

"Then, of course, any investor will look at return on equity and capital. And this industry, and we as SIS, have always had a very high return on equity, which has slipped down a bit. We will make sure that it goes back to about a 20 per cent level," he said.

Singh said he would be disappointed if the company grows at anything less than 2-2.5 times between now and 2030 timeline.

"We have closed FY25 at over Rs 13,000 crore, so around Rs 30,000 crore is what we can target by 2030," he said.

SIS Cash services Ltd has filed its draft red herring prospectus with Sebi in March this year for its IPO, and Singh said the company is looking at being listed in a year.

Apart from India operations, SIS also has a footprint in Australia, New Zealand, and Singapore. The Middle East market could be next, Singh said but added that a final call on this will be taken in a couple of years.

"We will not rush into any new country. Within Asia Pacific, we'll be selective about which geographies to enter. Middle East market is something that we might look at, but not in the first half of our vision 2030 plan," he said.

It is pertinent to mention that the global public safety and security market is experiencing significant growth on the back of increasing threats, natural disasters, increased economic activities, and the need for advanced technological solutions.

Singh said the Indian market for security and facility management is over Rs 100,000 crore each, growing at mid-teens, underlining the robust demand for public safety and security solutions, in areas such as surveillance, emergency response, and infrastructure protection.

Advanced technologies like artificial intelligence, the Internet of Things, and big data analytics are further fuelling the market's momentum.