Security services is a high growth industry in India.
Why start a security agency?
There are 15000 security firms in India, but most are unorganised. There is a gap.
The opportunity size is very big, because there is good scope of penetration, and the shift in market share from unorganised to organised.
In 2017 Security & Intelligence Services (SIS), raised INR 777 crore through Initial Public Offering ( IPO). It listed at INR 815.
It’s price to earning ratio is 211, which shows that market sees it as a high growth firm.
Steps to start:
Business plan: Pick the security service, strategy and financing.
Register as a private limited or limited liability partnership.
Apply for license under Private Security Agencies Regulation Act 2005.
Details: