India is persistently exposed to formidable security challenges
and there is an increasing threat from the rising crime rate and
escalating terrorism. On the other hand, police-public ratio in
India is 136.42 police personnel to protect every 1 lakh citizens1 which is a huge gap generally
bridged by Private Security Guards (PSGs) being our first line of
defense. There has been a tremendous growth in this industry as the
security guards have become omnipresent in private and public areas
including offices, IT parks, metro stations, malls, hotels,
airports, various events and public gatherings.
According to the FICCI-Grant Thornton report, the security
services industry is becoming an employment generating machinery,
currently employing 7 million people and growing at a rate of 20%.
Its value is expected to increase from INR 40,000 crore in 2014 to
INR 80,000 crore by the end of the year 2020. It is also estimated
that the Indian private security industry will generate
