According to the Central Association of Private Security Industry (CAPSI), around one million jobs are created in the sector every year. The industry, pegged at Rs 21,000 crore, is growing at the rate of 20 per cent.
From manning premises, to keeping a hawk eye at airports, providing security in malls and fire-fighting jobs here have taken a different hue. Included in the service portfolio of the companies are background investigations, drug testing, disaster management and cyber-security.
Industry experts note that there is tremendous demand for private security personnel trained in India, especially in West Asia, SAARC nations, the US and the Latin American markets.
The relevance of the private security industry emerges from the fact that it is almost impossible for government agencies to ensure round-the-clock security, which the private sector can provide. The ratio of private security personnel to the State police force in the country is 2:1 and the ratio is fast approaching 3:1, Remuneration, too, has gone up significantly in the last couple of years. The entry level salary can fetch anywhere from Rs 5,000-6,500.
The demand for women security personnel is also growing. Currently, the male-female ratio stands at 5:2, with companies spending on an average 160 hours or 21 days on training which costs around Rs 5,000 per person,
Pointing out that the top security and investigative agencies were rated on parameters such as pan-India presence, level of international recognitions and capability levels to the top companies were ISO certified.