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The Mumbai attack of 26/11 brought the Indian private security industry or the manned guarding industry in the focus. The security guards of Hotel Taj were the first ones to encounter the terrorists and many experts commented that had the guards been trained and armed to face the situation, the story would have been less tragic.
The Mumbai attack of 26/11 brought the Indian private security industry or the manned guarding industry in the focus. The security guards of Hotel Taj were the first ones to encounter the terrorists and many experts commented that had the guards been trained and armed to face the situation, the story would have been less tragic.
The industry was born in the 60’s with a handful of players. According to industry sources, Private Security Industry is estimated to be worth INR 22,000 crore and is likely to cross INR 40,000 crores by 2015. The industry growth could be attributed to the key drivers like growing urbanization and increasing insecurity, mushrooming of shopping malls and self contained townships, frequent terror attacks, shortage of police personnel and last but not the least security agency itself being a profitable business. A more economic justification for engaging private security is that insurance companies particularly fire insurance carriers will give substantial discount to sites as presence of security reduces odds of incidence.
As early as in 2006 it was reported that the industry was paying Rs 10,000 crores to the exchequer by way of service tax, provident fund, contributions to employees insurance etc. The PSA’s have become an important segment of the economy, by not only contributing to the Government but by generating employment opportunities for urban and the BPL youth.
The industry’s most notable growth has been in the past 6-7 years, with a CAGR of over 25 %. The number of companies operational is approximately 15000 including both unorganized and organized. There are over 5 million private security guards available as compared to 3.2 million police officers contributing to one of the major factors in boosting the demand in the industry. Today the industry is perceived to be growing at 40%.
Team Leader
Sumeet Gupta
Assistant Secretary GeneralTimeline
2024
2023
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Mar
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Sep
Event
UNDRR ARISE Annual General Meeting (AGM) 2023
Jul
Press Release
Prevention is one of the ways to mitigate not just risk but cost as well: Chairman, Central Vista Oversight Committee
Event
Conference and Mock Drill on Chemical, Biological, Radiological and Nuclear (CBRN) Disaster Risk
May
Apr
Press Release
"We need to identify the risk disrupting our growth and mitigate them": Mr Rajendra Ratnoo, ED-NIDM Ministry of Home Affairs
Mar
Press Release
Prime Minister Narendra Modi Inaugurates the Disaster Risk Reduction Exhibition during the 3rd session of National Platform for Disaster Risk Reduction
Feb
Dec
Survey
India Risk Survey
Nov
Event
Meeting with Delegation from United Nations Office for Disaster Risk Reduction (UNDRR)
Event
Conference on Industrial Disaster Risk Management: Focus on Identifying System & Seismic Risks, Pipeline Security and Resilience of Critical Infrastructure
May
Event
Dialogue on Role of Innovations in DRR - Building Resilience in New Normal & SARTHI Awards
Mar
Press Release
FICCI-Pinkerton 'India Risk Survey' identifies Natural Hazards, Cyber Insecurity and IP theft as top three risks for businesses
Feb
Event
Launch of Strengthening and Amplifying Resilience Through Innovation 'SARTHI Initiative': Building Resilience in the New Normal
Event
E-Conference on Safety Precautions and Safe Functioning After COVID
Jan
Event
Building Resilience in Infrastructure and Establishments: Focus on Minimizing Economic Losses Due to Natural Hazards
Nov
Event
Webinar on Cyber Risk Mitigation and Disaster Management
May
Jan
Event
eConclave on Fostering Cyclone Resilience in Industries, Infrastructure and Communities
Dec
Nov
Event
Unmasking the Fraud - The Legal Way
Oct
Sep
Press Release
3 bills on labour reforms to be tabled in upcoming parliament session - Santosh Gangwar
Event
Future of Private Security Industry - Code on Wages: Safeguarding Rights of Lakhs of Essential Services Workers
Aug
Press Release
Structured response group critical to manage disaster management: Executive Director, NIDM
Press Release
Industry should focus on producing private security equipment in India and for export market: Nitin Gadkari
Event
Future of Private Security Industry - Atmanirbhar Bharat: Boosting MSMEs for Quality Security Services & Manufacturing of CCTV and Fire Safety Systems
Jul
Event
Webinar on Zero Incidence and Preventive Culture in the Industry
Event
Webinar on Maintenance Measures for Industrial Safety
Jun
Press Release
Stringent execution of rules must to ensure zero industrial accidents - ED, NIDM, MHA
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May
Event
Webinar on Bridging The Information Gap - How Can We Truly Democratise Access To Information
Feb
Press Release
Climate change is a major global challenge: Babul Supriyo, MoS, MoEFCC
Event
National Conference on Recent Trends in Environment Pollution and Disaster Risk Reduction
Dec
Event
35th Conference on Disaster Risk Reduction & Industrial Safety: Major Initiatives in North-East towards Disaster Resilience
Aug
Jul
Press Release
Govt to reduce granting environmental clearances to 70-80 days - Prakash Javadekar
May
Press Release
FICCI-ADPC pact to promote disaster risk management in private sector
Mar
Press Release
Enhancing Public and Private Investment in Disaster Reduction to ensure sustainable development- Special Representative of the UN Secretary General for Disaster Risk Reduction
Feb
Oct
Press Release
Target of a house for each family to be achieved ahead of schedule - Hardeep Puri
Sep
Aug
Jun
Press Release
Small industries must get in-hand training on Industrial security: UP Governor Ram Naik
Press Release
Gen. N C Vij takes over reins of disaster risk reduction activities in FICCI; calls for thrust on Innovations in Urban Risk Reduction and Risk Informed Investment
Event
Gen N C Vij, PVSM, UYSM, AVSM and Former Chief of the Army Staff, takes over as Chairman of UNISDR Arise FICCI board for disaster risk reduction in private sector
Mar
Jan
Press Release
Private Sector Role Critical in Disaster Management: Dr Robert Glasser
Nov
Oct
Jun
Event
Seminar on New Age Risks 2017
May
Nov
Event
Conference on Chemical (Industrial) Disaster Management (CIDM): Disaster Risk Reduction Measures in Chemical, Steel & Metallurgical, Fertilizer, Pharmaceutical, Petrochemical, Petroleum and Natural Gas Industries
Oct
Event
United Nations Asia Regional Plan for Implementation of the Sendai Framework for Disaster Risk Reduction 2015-2030
Sep
Jun
Event
2nd Meeting of the Advisory Working Group to support development of the 'Asia Regional Plan for Implementation of the Sendai Framework
May
Event
Chemical (Industrial) Disaster Management Conference on Disaster Risk Reduction Measures in Chemical, Petroleum and Gas Industry
Event
Private Public Partnership Meeting with Ms Feng Min Kan, Special Advisor and UN Special Representative of the Secretary General, United Nations and Head UNISDR
Dec
Event
UAE Launch of Uttar Pradesh Pravasi Diwas 2016
Press Release
Indian security services industry expected to grow from INR 40,000 to 80,000 crore by 2020: FICCI-Grant Thornton report
Nov
Event
Global Conference on Disaster Risk Reduction - Major Initiatives in North East towards Disaster Resilience
Aug
Press Release
Enabling environment needed for disaster risk reduction, says Kiren Rijiju
Event
Chemical (Industrial) Disaster Management (CIDM) Prevention, Preparedness and Emergency Response to Chemical Disasters with Special Reference to Transportation and Oil & Gas Sector
Jul
Press Release
FICCI to organize the conference on earthquake disaster mitigation in the country
May
Event
Conference on Chemical (Industrial) Disaster Management: Preparedness and Emergency Management of Chemical, Petroleum, Petroleum Products and Natural Gas Industry
Feb
Event
Regional Conference on CIDM :“Emergency Preparedness & Disaster Risk Reduction in Chemical, Petroleum, Petrochemical and Natural Gas Industry”
Dec
Press Release
"businesses need to go beyond the limited CSR based framework for a more comprehensive engagement to address the disaster risk" - says Cabinet Secretary Ajit K. Seth
Press Release
"need to make the region stronger than any other region in the field of disaster risk reduction and disaster risk management by coming together and putting aside political issues between the countries for the greater good", says MoS Kiren Rijiju
Event
1st SAARC Regional Conference on Disaster Risk Reduction & Business Continuity Planning in South Asia: Redefining Private Sector Engagement for Risk Management & Response
Event
Roundtable Conference on Innovations in Technology for Disaster Rescue Efforts amongst ASEM countries
Press Release
Kiren Rijiju inaugurating the meeting on Disaster Rescue Efforts amongst Asia-Europe Meeting (ASEM) countries tomorrow at Vigyan Bhawan
Nov
Sep
Event
Conference on CIDM: Emergency Planning & Disaster Management in Chemical, Petroleum, Petrochemical and Pharmaceutical Industry
Jun
Event
Conference on CIDM - Emergency Preparedness & Disaster Risk Reduction in Chemical, Petroleum, Petroleum Products & Natural Gas Industry
Jan
Event
Conference and Exhibition on Chemical (Industrial) Disaster Management (CIDM) - "Disaster Risk Reduction in Chemical Industries, Safe Transportation of Petroleum, Petroleum Products & Natural Gas"
Nov
Sep
Policy
Discussion Paper on Private Security Agency Regulation Act 2005
Policy
Proposed Guidelines for Cash Logistics companies in India
Policy
Armed Security for Cash Logistics
Jul
Press Release
FICCI Sets up Task Force to Assist in Reconstruction and Rehabilitation Work in Uttarakhand
Jun
Policy
Private Security Workers - Request for categorization as Skilled / Highly Skilled workers under Central & State Minimum Wages
May
Apr
Event
National Conference on Chemical (Industrial) Disaster Management : Chemical, Pharmaceutical & Hydrocarbon Industry
Nov
Event
Conference on Best Practices for Disaster Management in Chemical, Petroleum, Petrochemical and Pharmaceutical Industry
Jun
Feb
Dec
Event
National Conference on "Biological Disaster Management: A Step towards Building National Capacity & Resilience - the role of Industry under PPP"
Sep
Event
Conference on Emergency Planning in Industries, Hazardous Waste Management and Safe Storage, Transportation of Petroleum, Petroleum Products, Natural Gas through Pipelines & POL Tankers
Jul
May
Event
Conference on Safe Processing, Waste Management, Storage & Transportation of Chemicals, Petroleum, Petroleum Products & Natural Gas
Dec
Aug
Event
Conference on Emergency Planning in Industries Including HWM and Transportation of Petroleum, Petroleum Products, Natural Gas by Pipelines & POL Tankers
Jun
Feb
Nov
Event
National Conference on Safe Transportation of Hazardous, Dangerous Goods Through Land, Air, Sea and Pipelines
Aug
Event
Conference On Safety & Security of Chemicals, Petroleum, Petroleum Products & Natural Gas at Storages, Warehouses, Ports and Transportation through Pipelines & Containers
Feb
Mar
Feb
Event
National Conference on Industrial (Chemical) Disaster Management and Awareness on National Disaster Management Authority (NDMA) Guidelines
