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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (7747)	10/4/1999 10:19:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Group 4 Securitas plans to make India global hub for software data-processing group4.co.uk Girish Chadha-FE New Delhi, Oct 3: The $1.5 billion global security major Group 4 Securitas (International) BV Company plans to make India a software data processing hub for all its global operations. It also plans to source uniforms and accessories for its worldwide operations and garments for non-group exports. Group 4, which operates in 45 countries has an employee strength of over 75,000 worldwide. Group 4 Holdings (P) Ltd -- the Indian subsidiary's -- executive director (strategic development) Nandini Vaidyanathan told The Financial Express that plans are to source uniforms from the company's garments division in India, Indo-British Garments "due to the competitive cost advantage". "Besides group-exports, the company also intends to export the garments to several countries in Middle East and South Asia", she added. Indo-British Garments manufactures garments and accessories for over 28,000 people in India. It has an installed capacity of about 60,000 pieces of uniform which will be expanded. Vaidyanathansaid the IT division, Group 4 International Services (P) Ltd will provide data processing support to the group's subsidiaries in South-East Asia and Middle East. Vaidyanathan said Group 4 Holdings has set a turnover target of about Rs 160 crore for the financial year ending December 1999. The company had a turnover of Rs 110 crore till December 1998. "The company intends to achieve a turnover of about Rs 600 crore by December 2004", she added. The increase in turnover will be achieved through organic growth as well as expansion in the product portfolio of certain divisions in India. "The company intends to commercially launch its new security service -- central monitoring system --by January 2000. Other services in the utility industry such as gas, electricity or water reading, bill production, delivery and payment collection will also be expanded", said Vaidyanathan. Asked if the company would require funds support for the proposed expansion of its service portfolio Vaidyanathan said, "profits from theIndian subsidiary are healthy enough to fuel expansion and value-additions in services". The company's proposed central monitoring system will be a control station similar to the police control rooms, where emergency and alarm messages from customers will be received through a digital transmitter on the telephone line and the response will be given by a dedicated team in accordance with the customer's pre-recorded instructions.