Safecure Services Ltd IPO

About Safecure Services Ltd

Our Company was incorporated on October 31, 2012, as `Safecure Services Private Limited', a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies, Mumbai. Subsequently, our Company was converted to a public limited company, pursuant to a special resolution passed by the shareholders of our Company at the Extra-ordinary general meeting held on May 18, 2023 and the name of our Company was changed from `Safecure Services Private Limited' to `Safecure Services Limited', pursuant to conversion from private to public company and a fresh certificate of incorporation dated August 2, 2023, issued by the Registrar of Companies, Mumbai.

In recent years, the Indian safety and security industry has experienced steady growth, with some segments estimated to be growing 15 to 20 percent annually. Population growth, urbanization, industrialization, and expansion of infrastructure and mass transportation systems are all driving expectations for greater safety and security measures. The security systems market in India is broadly classified into subsectors: cybersecurity; electronic security; fire safety, detection, and prevention; road safety; private and industrial security; and personal protective apparel and equipment.

We are primarily engaged in providing services relating to private security, e-surveillance, facility management and also corporate interior fit outs work in India. We, through our wholly owned Subsidiary, Safesense Tech Private Limited, provide e-surveillance services such as distinctive monitored intrusion alarm system and services (i.e. central intrusion detection and prevention services) in India. We provide services of real-time monitoring specially for ATMs and Bank Branches (i.e. site monitored 24/7 in real-time by our e-surveillance professionals to raise alerts the moment they detect any criminal or suspicious or abnormal activity).

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