The Securities and Exchange Board of India has invited bids from independent agencies, which will be responsible for delivery of valuable documents within and outside India.

According to SRBI, the agency is required to collect the consignments from SEBI office in Mumbai and carry them either by air or train or any other accepted mode of transport, whichever may be the quickest mode for the expeditious transport of documents, to the respective destination centres.

Listing out the eligibility criteria, the capital markets regulator said that the bidder should be in the business of providing courier services for the last five years.

It should have carried out out one similar job worth Rs 26 lakh per annum for PSUs, financial institutions and autonomous bodies during the last five years.

Among other requirements, the agency should have a minimum average annual turnover of Rs 10 lakh during the last three years. It should have strong financial position and should not have incurred any loss in more than two years during the last five years.

In a notice, SEBI has invited “quotations from bidders for delivery of their dak — covers/packets, parcels, envelopes, negotiable instruments, valuable documents etc from one place to another, nationally or internationally and to specified person (s)/their offices“.

SEBI said that initially contract will be given for one year and can be extended further.

All the interest agencies are required to submit their bids till June 7.

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