Gearing up for the Next Phase of Growth
Dear Friends,
I hope you and your loved ones are safe and in good health.
My heartfelt gratitude goes out to the entire healthcare fraternity and government
agencies across the world, for braving enormous odds to combat the COVID-19 pandemic.
Timely roll out of vaccinations and concerted efforts to address the pandemic-induced
economic disruptions have helped the world to gradually return to normalcy.
The pandemic phase has been no less challenging for the SIS Group as well. However, we
adapted with agility to continue providing security, facility management and cash
logistics solutions to our customers, while undertaking proactive measures for the health
and safety of our employees. I also take this opportunity to salute our 250,000 front
liners - security guards, janitors and fumigation technicians - that have worked 24x7 to
contain the spread of COVID-19 and our cash logistics crews who have helped economic
activity by managing the currency cycle at ATMs.
The commitment, dedication and passion, our frontline teams have showcased shall remain
a matter of pride and inspiration for decades. When the pandemic began, we had setup the
'Humare Heroes COVID Welfare Fund', and continued it in FY22 as well, to support COVID
infected employees for their medical and associated expenses. A 'Vaccine Incentivization
Plan' was rolled out in Australia to encourage vaccine adoption and the response was truly
encouraging.
Despite the pandemic and resultant developments, FY22 will be a year to remember in the
history of our business for many reasons.
We have been recognised by 'Great Place to Work' for the second year in a row. In FY22,
SIS Group has been ranked #4 amongst the 'Best Companies to Work For in India'. We were
rated as the 'Best Employer in Facility Management' category. We were also facilitated as
'Top 50 Places to Work For Women'. Most importantly, SIS Group received the coveted
recognition as one of 'India's 22 Best Employers among Nation-Builders' category.
However, one achievement which we are most proud of is the 'Humare Heroes Vaccination
Drive', where our teams from the branch level to senior management, have worked
relentlessly to ensure the vaccination of 2,50,000 frontline staff spread over 34,000 plus
client locations. In a mission mode, more than 4,50,000 doses of vaccine were administered
in under 250 days. Despite our efforts, we lost few of our employees to the pandemic. We
have stood by their families, but nothing can replace the loss of a loved one. I pray for
the departed souls and for their families to have the fortitude to bear the loss.
Growth for us is non-negotiable; and we have fast-tracked our growth over the years,
without compromising on employee welfare. This year, the group business crossed the
milestone of ' 10,000 Crore in annual revenues, which roughly translates to US$ 1.3
Billion. Despite the impact of the COVID waves between April to June 2021 and December to
January 2022, SIS Group still managed to report over 10% year on year revenue growth.
Our Vision plans have been instrumental in implementing our growth strategies, after
careful consideration of the market trends, internal capabilities and resources, and the
regulatory developments. These plans have played a key role in creating and establishing
new business lines, raise funds from private equity and public markets, expand into
adjacencies and ramp up our technology spending.
Our Vision 2025, which came into effect in FY21, outlines the goal of transforming our
market leadership into market share dominance and transitioning from a services company to
a solutions company.
Going forward, we will continue to catalyze technology adoption across all areas of
operations, and successfully implement our Vision 2025 plan. We truly believe that this is
just the beginning of our journey and we have a lot of milestones to complete together.
On behalf of the Board of Directors and the leadership team, I would like to thank all
our stakeholders. It would not have been possible to navigate through pandemic induced
challenges without your support and belief in the Company.
Warm regards,
RAVINDRA KISHORE SINHA
Chairman.