Info-tech

Zicom in talks with PE to raise ₹200 crore

Urvashi Valecha Mumbai | Updated on January 09, 2018 Published on November 05, 2017

Zicom Electronic Security Systems Ltd is in talks with private equity firms to raise ₹ 200 crore.

Zicom plans to raise the funds through sale of equity stake of its subsidiary created to offer security as a service. Zicom is launching four platforms under this subsidiary aimed at offering a combination of security services through a mix of mobile apps, internet of things and connected machines.

Pramoud V Rao, Managing Director of Zicom, told BusinessLine, “We moved to offering security as a service few years ago. This business now accounts for ₹50 crore revenue. We are looking to raise funds to expand our platform.” Zicom expects to grow the services business to ₹200 crore in the next few years. Overall Zicom’s revenue is at ₹800 crore which is expected to cross over ₹1,000 crore once the services platform gains scale.

Zicom ventured into the IoT space in 2013. Since then, the company has undertaken several innovations including ATM surveillance systems and a mobile application called Ziman. Ziman allows the user to instantly verify outsourced assistants such as maids, drivers and security guards using the Aadhaar. It also has handset-to-handset tracking feature allows external tracking for up to three handsets. Additionally, the application also comes with a geo-fencing facility that uses the global positioning system (GPS) or radio frequency identification (RFID) to define geographical boundaries like school attendance zones or neighborhood boundaries. This element helps parents ensure that their children are always in safety zones

Zicom also monitors security at over 7,000 bank ATMs with security cameras that posses two-way communication technology and sensors monitored by personnel to help prevent theft and burglary. “ When our personnel sitting at our command centre sees a theft happening in the ATM, he presses a panic button that sounds an alarm,” Rao said adding that this model has been cost effective in maintaining the bank ATMs. “ They used to spend ₹ 40,000 now they spend ₹4,000,” he said.

Published on November 05, 2017

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill.

In these difficult times, we, at BusinessLine, are trying our best to ensure the newspaper reaches your hands every day. You can also access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all our readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. You can help us by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section.

Our subscriptions start as low as Rs 199/- per month. A yearly package costs just Rs. 999 – a mere Rs 2.75 per day, less than a third the price of a cup of roadside chai..

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor