Dubai-based Transguard Group, an Emirates Group company, generated a record revenue of Dh1.031 billion ($280.63 million) during the year ending on March 31, a 34 per cent increase over the previous year.

The security, facilities management and outsource services company generated a profit of Dh106.59 million during the period.

Another significant landmark for the company during the 2014/2015 financial year was that it surpassed 30,000 employees for the first time.

“The financial year 2014/2015 has been a record year for us and these results have been achieved by significant growth and development across all of our business units,” said Dr Abdulla Al Hashimi, CEO, Transguard Group.

To underscore Transguard Group’s dominant position in the cash services market still further, it has developed a strategic partnership with NCR, one of the world’s largest ATM suppliers, which offers banks in the UAE complete end-to-end ATM management solutions and has also successfully launched Smart Cash Deposit Machines in partnership with security solutions company Gunnebo.

Through these partnerships, Transguard Group now manages the cash in more than 80 per cent of the UAE automated teller machines (ATM) and over 60 per cent of cash-in-transit (CIT) services.   

The Manpower and Outsourced Services business is firmly established as one of the largest providers of outsourced workforces in the UAE. In the last financial year the business recorded revenue growth of over 90 per cent, with a notable contribution from its specialist end-to-end professional recruitment and resourcing company, Transguard Themis. The Facilities Management team and Transguard’s hospitality business both achieved healthy growth of 40 per cent and 17 per cent respectively over last year, the company said.

Transguard Security Services also continues to grow, with the business now employing just over 5,000 personnel. During the last year the team introduced new service lines, including car park management, security consultancy and risk management services. It also played a key role in the deployment and ongoing operation of the explosive trace detection (ETD) screening system at Dubai International Airport.

“The services we provide to Emirates Group remain a major part of our business. Over the last year we have seen our business grow by more than 20 per cent with over 6,000 personnel now deployed at Dubai International and Dubai World Central airports,” added Dr Al Hashimi.

“In the coming year we forecast sustained healthy growth across all of our established markets, supported by substantial growth in Abu Dhabi and the introduction of a number of new business lines,” said John Nolan, managing director, Transguard Group. – TradeArabia News Service