Transguard, a leading business support services provider in the region, has secured more than 310 new contracts worth over Dh850 million ($231 million) across all business functions annually.

This includes a three-year fixed mechanical, electrical and plumbing (MEP) contract for 650 employees with Drake & Scull International in Dubai, UAE, said a statement from the company.

A Emirates Group and Al Hail Holding company, Transguard was set up in 2001 and is now the leading business support services provider in the region, with a turnover of more than Dh1.4 billion ($381 million).

The new business comes just over a year into the tenure of new managing director Greg Ward and subsequently a further four key senior management appointments, said the statement.

The business successes have been greatly supported by 95 per cent retention rate of existing contracts, it added.

Transguard has also acquired workforce solutions’ contracts with leading international real estate specialist CBRE for 50 employees and with Al Futtaim Electronics for more than 40 employees, both for a minimum of three years.

In addition, the Emirati firm is providing HR solutions for over 150 personnel for F&B investment company Wakira, over a three-year period.

"With the wealth of new contract wins, we are confident our financial results for this year ending March 31, will exceed that of last year, an impressive performance given the difficult macroeconomic environment business in general has faced over the last 12 months," remarked Ward.

With the increase in business, Transguard reached a milestone 50,000 employees in October last year. The figure has subsequently risen to 55,000 further highlighting the growth of the company, he added.-TradeArabia News Service