Transguard Group revenue hits record one billion dirhams
Dubai-based Transguard Group, a part of the Emirates Group, today released its annual report for the financial year ending 31st March 2015, which was a record year for the FM company, with two major milestones.
According to the report, Transguard Group generated revenue in excess of one billion dirhams (AED 1,031,538,929) a 34% increase over the previous year and profit of over AED 106 million, (AED 106,599,138). 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% of the U.A.E. automated teller machines (ATM) and over 60% 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%, 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% and 17% respectively over last year.
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% with over 6,000 personnel now deployed at Dubai International and Dubai World Central airports,” added Dr. Al Hashimi.
An important factor in Transguard Group’s success has been and will continue to be, its ongoing strategy to focus on the three areas of the business that it believes are intrinsic to its continued success: Customer Engagement; Delivery and Transformation. To that end the company has significantly bolstered its business development team, while the newly created CRM team concentrates on servicing and supporting existing business.
“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,” commented John Nolan, Managing Director, Transguard Group.
Transguard Group was established in 2001 and has diversified significantly, now leading in the fields of Cash Services, Security Services, Manpower Services and Integrated Facility Services. Transguard is the UAE’s most trusted business support and outsourcing provider and has a large, dynamic and culturally diverse workforce numbering in excess of 65,000 people.