Stock Report

SIS becomes first billion-dollar company of Bihar

Posted On : 2022-08-30 22:59:21( TIMEZONE : IST )

SIS becomes first billion-dollar company of Bihar

SIS Group organized 38th Annual General Meeting on August 30, 2022, at Hotel Maurya in Patna. AGM was presided by Shri Ravindra Kishore Sinha, Founder Group Chairman and Former Member of Rajya Sabha. The company has declared a stellar result despite corona pandemic with revenue of IN 10059.1 CR and profit of INR 325.9 CR after tax this year.

Commenting on the performance of the company Group Chairman Shri R. K. Sinha ji said that we are proud of the fact that SIS has served the nation throughout corona period and its own 2.50 lacs employees worked day and night along with police and medical staff throughout the country in over 500 hospitals and other premises to keep and maintain law and order. This helped in completing vaccination against corona and treatment of corona. Each employee of SIS also got themselves fully vaccinated against corona. Shri Sinha informed that SIS employees were paid in time and there have not been any pay cut or retrenchment during corona pandemic also. He also appreciated the support of the customers which helped SIS to produce this stellar result during this year in spite of corona affect in the country.

Commenting on role of SIS in Bihar Shri R. K. Sinha ji said that SIS is proud to be a Bihari multinational. He further informed that he started this business from a small garage in a corner of Patna after losing his job of a journalist during the JP movement. Shri Sinha expressed his pleasure that SIS has created a business which provides livelihood of 269595 families in which 28300 families are from Bihar only. Shri Sinha expressed his concern about problem of unemployment in Bihar and said that SIS commits to create 10000 additional jobs for the youths of Bihar in the coming two years.

Addressing to the press and the investors Group Managing Director of Group SIS Mr. Rituraj Sinha expressed confidence that the group would continue to grow to greater heights and become an industry leader in the fields of security services, facility management and cash logistics and suitably rewards its employees and investors alike. He mentioned the important role that technology is going to play in the evolution of the security industry and SIS is investing continuously in technology solutions. He also informed that with strong and steady growth in the core security and facility management segments the SIS has the resources, the ambition and the management bandwidth to capture the market growth.

The Board of Directors, shareholders and employees celebrated all over India the happiness where the company has established a brand in the security business and advantage of size work in its favour where the Group SIS is present across all the 29 states in India.

Source : Equity Bulls


SISGroup AGM 38th Bihar