Indian security firm Topsgrup acquires British co for £19.5 m

Indian security company Topsgrup has acquired 100 per cent stake in a leading British security firm for £19.5 million.

In an official announcement on Sunday, Topsgrup said it has completed “the 100 per cent acquisition of The Shield Guarding Company Ltd, a reputed British security firm for a sum of £19.5 million”.

The acquisition has positioned the company’s Global Chairman, Diwan Rahul Nanda, as the only entrepreneur of an Indian multi-national company to purchase a 100 per cent stake in a British security company.

Mr Nanda’s acquisition of The Shield Guarding Company Ltd comes closely after he entered the Sunday Times Rich List 2012, with an estimated personal fortune of £168 million.

Topsgrup originally acquired a 51 per cent majority stake in the company in 2008, and then took up its option to purchase a 100 per cent stake in the company, making it a powerful security services conglomerate.

Mr Nanda will assume his position as Executive Chairman of The Shield Guarding Company Ltd with the existing management team remaining in place.

Mr Stuart Kedward, who has been with The Shield Guarding Company Ltd for 15 years, will assume the role of Managing Director.

Mr Nanda commented: “The Shield Guarding Company Ltd has consistently demonstrated its market leader status both in terms of unrivalled quality and service and that is something that we are very proud of... we will ensure that we go from strength to strength and will create a truly global security service to better others”.

Acknowledged as the pioneer of the burgeoning security industry, Mr Nanda joined Topsgrup at the age of 22 in 1992 when the industry was plagued by uncertainties and problems.

Topsgrup started off as an ailing company with just eight customers and is now India’s largest security group, valued at over £200 million.

It comprises a conglomerate of 12 companies with 93,000 employees, over 8,000 clients in India, Israel and the UK, and has 120 offices.

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