Naqya/sandbox (Ofer Abarbanel online library)

Rituraj Sinha (born 29 November 1980) is an entrepreneur, and the Group Managing Directorof SIS Group, an Indian Multinational and Market Leader in Security, Facility Management & Cash Logistics space and is a Fortune India 500 company and one of India’s largest private sector employers.

Early Life

Rituraj Sinha[1] was born on 29 November 1980 in Ranchi, Jharkhand (erstwhile Bihar) to Ravindra Kishore Sinha & Rita Kishore Sinha. He has a younger sister, Rivoli Sinha.

Education

Rituraj did his initial schooling at Don Bosco School, Patna. As the crime situation and education environment in Bihar deteriorated in the early 90s, he was sent to Boarding School. He joined the Doon School, Dehradun and completed his higher secondary. Rituraj made the most of the opportunities The Doon School presented. He received the prestigious Scholars Blazer for excellence in academics, Duke of Edinburgh’s Award (now known as International Award for Young People) for Co-Curricular activities and was a member of the Editorial Team of The Doon School Weekly. He was a School Prefect, represented Doon School at the prestigious Round Square Conference at San Diego (USA) and was part of the Doon School Expedition to Mt. ImjaTse (Island Peak; 20,305 ft) in the Mount Everest Range in Nepal.

Rituraj completed his BBA in Management Studies from Leeds University Business School, UK.

Career Timelines

After a brief work stint in UK, Rituraj returned to India in 2002 and joined his family business. As part of a larger professional management team, the initial focus was on business process reengineering and geographical expansion of the Group which was an INR 25 crore company at that point but a very well-regarded brand in the industry.

2005 – 2010

During this period, the company scaled rapidly to become one of the largest private security companies in India. Rituraj led the first round of private equity investment in SIS [2](2007). Rituraj also accomplished the first cross border acquisition by an Indian company in Security sector, when company acquired Chubb Security business in Australia (2008), which was at that point was eight times the size of Rituraj’s group in revenue terms. With an ambition to transform a private security firm to a business services market leader, Rituraj partnered ServiceMaster Corporation, USA (2009) to launch ServiceMaster Clean in India. He also ventured into Cash Logistics (2006). SIS revenues crossed INR 1000 crore milestone in 2009.

2011 – 2015

Continuing with the scale with specialisation agenda, the group entered into Pest Control segment through a joint venture with Terminix, USA (2012) and converted its Cash Logistics business into a joint venture with Prosegur, Spain (2012). Rituraj also raised its second round of private equity (2013).

2016 onwards

With an aim of market leadership, the Group reorganised its business into four segments, Security Solutions India, Security Solutions International, Facility Management & Cash Logistics. Each led by an independent professional management team. Under the reigns of Rituraj SIS Group launched its IPO and listed its shares on NSE & BSE in 2017. The company also made several strategic acquisitions across India, Australia, New Zealand & Singapore during this period. SIS is currently the #1 Security Solutions[3] major in India and ranks amongst the global Top 10. It is also #2 in Facility Management & Cash Logistics segments in India. The group operates with more than 350 branches and 2,40,000 permanent employees, making it amongst the Top 5 private sector employers in India. SIS group reported annual revenues of INR 8485 crores (US$ 1.2 Billion).

Board Memberships

▪ Director, Security Ligue International, Switzerland

▪ BoG Member, IIM, Bodhgaya

▪ Chair, FICCI Private Security Sector Committee

▪ Member, Central Advisory Board, Ministry of Labour, Government of India

▪ Former President, Cash Logistics Association of India

Personal Life

Rituraj is married to Pallavi Sinha. The couple is blessed with three children, Aadya, Amaira and Ahaan Raj Sinha.

Rituraj is a wild life enthusiast and enjoys asian cuisines. He has an avid interest in economy, current affairs and development politics.

References

  1. ^ “How Rituraj Sinha Is Changing The Security Company His Father Founded”. Forbes India. Retrieved 2021-01-03.
  2. ^ “5 ‘Consolidators’ You Should Know About”. Penguin Random House India. 2017-11-20. Retrieved 2021-01-03.
  3. ^ Ashraf, Talha (2017-11-05). “‘The Consolidators’ book review: Entrepreneurs who turned their silver spoons gold”. ThePrint. Retrieved 2021-01-03.

Ofer Abarbanel – Executive Profile

Ofer Abarbanel online library

Ofer Abarbanel online library

Ofer Abarbanel online library

Ofer Abarbanel online library