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Topsgrup/Shield Group leader Dr Richie Nanda featured in Sunday Times Rich List for third year in a row

For a third consecutive year, Dr Richie Nanda – executive chairman of The Shield Group and Topsgrup (the Indian security solutions brand) – features in The Sunday Times Rich List (the UK’s definitive guide to wealth).

Dr Nanda enters the prestigious list of high-net-worth individuals with a sustained increase in personal wealth, from £187 million in 2013 to £195 million in 2014, placing him at number 490 in this year’s Rich List.

Dr Nanda has demonstrated financial prowess and sound entrepreneurial ability in his astute leadership of two flourishing businesses – Topsgrup and The Shield Group. In the last financial year, both Topsgrup and The Shield Group displayed outstanding results with a growth in EBIDTA of 25%. In the current financial year, annual turnover is expected to be £160 million (US$ 270 million).

The increase in Dr Nanda’s personal fortune is attributed to his successful implementation of an innovative strategy to acquire and strengthen the corporate structure of The Shield Group, taking it to the coveted position of being the UK’s largest independent total security solutions provider. Topsgrup was in fact the first Indian MNC to acquire a British security company.

The Rich List 2014 entry is also reflective of the company’s new contract wins, including the award of the visitor services and security contract with the Imperial War Museum Group.

Dr Richie Nanda

Dr Richie Nanda

With the issue of global security at the forefront of most countries’ agendas, Dr Nanda’s vision in implementing an innovative total security solutions delivery model at The Shield Group has regenerated the British security sector and paved the way for a fresh approach to business security provision in the UK.

As well as modernising the security sector in India and the UK, Dr Nanda has also implemented grass roots-level changes at The Shield Group in the form of such enterprising facets as the launch of the company’s regional headquarters in Manchester and the establishment of a new state-of-the-art ARC in Preston.

The inclusion of Dr Nanda and other prominent Asians in the Rich List also further enhances the successful synergy between the Asian sub-continent and the UK. The powerful ‘super class’ of Asian entrepreneurs has made a positive impact on the British economy, contributing substantially to the UK’s GDP level through a mixture of business interests (from security to steel, pharmaceuticals, property, finance and on to social care).

Pioneer in the Indian security world

A self-made entrepreneur, Dr Richie Nanda is regarded as a leader in the global security sector, ensuring that the likes of high-profile sporting events, businesses and premier venues are protected. He’s widely acknowledged as the pioneer and the most prominent spokesperson of the burgeoning security industry in India.

Dr Nanda was recognised as an outstanding entrepreneur after he took over the reins of Topsgrup at the age of 22. Back then, it was an ailing company with revenues of just £30,000 per annum and eight customers. Dr Nanda built the business into India’s largest security group with revenues in excess of £160 million (FY2015), 93,000 employees, 130 offices worldwide and approximately 8,500 customers.

The multi award-winning Topsgrup has also embarked on a global leadership mission with a vision to become a leading brand in the global security space and a US$10 billion security group by 2020.

Speaking about his inclusion in The Sunday Times Rich List 2014, Dr Nanda commented: “I am overcome with pride at being included in The Sunday Times Rich List for a third consecutive year. I consider the Rich List to be a testament of the hard work, dedication and courage of those visionary and enterprising individuals who have made sacrifices and taken gut instinct risks to achieve success for their businesses, partners and countries alike.”

Dr Nanda continued: “I would like to state that my inclusion in The Sunday Times Rich List is very much a team effort. I owe this recognition to my vast family of 93,000 employees, 8,500 customers and hundreds of business partners whose commitment to our vision, their unstinted loyalty and hard work has made Topsgrup and The Shield Group leaders in the global security industry.”

He went on to add: “The growth in the industry also confirms the importance of security as a service, especially within the business sector. There has been an increased demand from customers for more cost-effective, high quality security services, especially in the face of more advanced and varied security risks arising in the world and in the UK. As a result, The Shield Group has introduced its Total Security Solutions (TSS) delivery system model offering risk-based, bespoke and holistic security solutions to a variety of clients.”

Leading entrepreneur from the security sector

Philip Beresford, who combines The Sunday Times Rich List each year, explained: “The Sunday Times Rich List is an annually compiled index of the UK’s wealthiest individuals across an array of sectors, from enterprise, entrepreneurship, entertainment, sport and public life. Since its inception over 20 years ago, the Rich List has become an integral part of the UK’s business and social foundation. It is regarded by many people, both in the UK and internationally, as an invaluable source of information.”

Beresford also stated: “I heartily congratulate all those individuals who have made it into the 2014 Sunday Times Rich List. We have a number of esteemed millionaires in this year’s Rich List, including Dr Richie Nanda. Dr Nanda is featured in 490th position in the Rich List, and is one of the few leading entrepreneurs from the security sector to be featured this year.”

In conclusion, Beresford said: “Dr Nanda is widely acknowledged to have rejuvenated the security industry in India. With the acquisition of The Shield Group in 2012, he has once again shown exemplary leadership, business vision, dynamism and an innovative approach to take The Shield Group to the position of being the largest independent total security solutions provider in the UK.”
Dr Nanda joins the ranks of the super-rich steel magnate Lakshmi Mittal, industrialist Alisher Usmanov and Chelsea Football Club owner Roman Abramovich as one of the wealthiest UK citizens born overseas but who predominantly work and/or live in Britain.

Since its inception in 1989, The Sunday Times Rich List continues to be the definitive annual guide to showcasing Britain’s richest men and women across a broad spectrum of sectors.

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The Shield Group unveils new regional headquarters in Manchester

The Shield Group has unveiled new regional headquarters in the heart of Manchester which is expected to create hundreds of jobs in the region.

The state-of-the-art facility, located close to Media City, will aim to further enhance the group’s operations as well as serve its growing client base in the important hubs across the North of England, supporting the company’s branch offices in Glasgow, Leeds and Birmingham.

All other corporate functions will continue to be conducted from The Shield Group’s central headquarters at Austin Friars in London.

The Shield Group – which recently launched four strategic verticals combining traditional manpower and innovative technology to deliver intelligent, risk-based Total Security Solutions (TSS) to its customers – has decided to add to its portfolio of business premises in London and Preston with a new Manchester office.

The flagship building will showcase The Shield Group’s rapidly expanding client base across the north of England and Scotland, as well as its diverse range of business security services.

The move is testament to the success story Shield has enjoyed in the Manchester region, where the company has seen strong growth in recent years and has recently added major clients such as the city’s renowned Imperial War Museum North.

The new office is also set to bolster employment in the region with more than 300 new staff, who are to play an integral role in advancing the corporate ideals and vision of The Shield Group. The location of the Manchester regional headquarters will place the company at the centre of the fastest-growing economy in the UK outside of London.

Smart investment generating local employment

Speaking about the launch of the new regional headquarters, John Roddy (The Shield Group’s CEO) commented: “The decision to open a regional headquarters in Manchester was an easy one. From the first day we set up office in the city, where Shield has operated for a number of years, we have experienced – and continue to experience – phenomenal growth. The new centre is a smart investment that will bring new employment opportunities to the area as well as provide a welcome boost to the fastest-growing economy outside of London.”

John Roddy: CEO at The Shield Group

John Roddy: CEO at The Shield Group

Roddy went on to state: “We are delighted with the feedback from our customers in the region and this decision also further extends our reach across the UK. The growing demand for our innovative Total Security Solutions model is testament to our growth and unparalleled expertise in the security sector.”

Heading up the new Manchester operation is corporate account manager Bradley Cohen, who brings with him an extensive portfolio of business development experience working for a range of leading UK-based companies.

Prior to joining The Shield Group, Cohen founded the leading Manchester-based marketing company Mojito Marketing where, through managing major sales and marketing campaigns, he generated more than £27 million in revenue for large companies such as Compass, Chubb, HP and the RES Group.

Cohen has also helped lead on business development operations at several other companies including Romeike, Bunzel plc and Equifax plc, where he worked across a wide range of sectors including finance, manufacturing and leisure.

Speaking about his new role, Cohen said: “I’m thrilled to be heading this amazing new project, which marks a pivotal point in The Shield Group’s continued journey of growth, innovation and success. I’m confident that the decision to strengthen our presence in the North of England will prove to be a successful venture, and I look forward to working with our team in Manchester to grow the business and achieve our overall corporate goal.”

The Shield Group’s expanding footprint

The Shield Group’s business has expanded rapidly over the last few years, with the opening of several new offices around the UK. Shield has geared up its presence throughout the UK by widening its footprint to Glasgow, Leeds, Manchester, Birmingham, Bristol and Belfast.

The number of staff working at the company has increased to over 2,500 and customers to more than 400. Recently, The Shield Group activated the Shield Monitoring System in Preston which has full Category II status, is compliant with British Standards regulations (BS5979) and will further enhance the range of services that the company can provide to its clients.

In order to grow the business volume, Shield has also hired seven managing and regional directors and invested £1 million into an NSI Gold certified Alarm Monitoring Centre in Preston. All of these changes have helped increase revenues just over the last year from £61 million (2013) to £81 million (projected for 2014).

This latest development follows The Shield Group’s acquisition by India’s leading and largest security conglomerate, Topsgrup, back in 2012, whereby the two market leaders set out to strategically collaborate and scale up the company’s services.

With a growth in EBIDTA of 67% from the last financial year, the combined turnover for Topsgrup and Shield this financial year is expected to be around £170 million.

The Shield Group's executive chairman Dr Richie Nanda and John Roddy (CEO)

The Shield Group’s executive chairman Dr Richie Nanda and John Roddy (CEO)

Dr Richie Nanda, executive chairman of The Shield Group, added: “We’re delighted with this announcement and the opportunity it provides for our customers, who now feel that we are closer at hand to continue to provide a world class security service.”

Nanda continued: “The Group has seen significant growth in the service we provide in the region and will use the new regional headquarters to meet these growing demands. Manchester is the ideal location to strategically enable The Shield Group to take advantage of the growing opportunities in the city and expand our services to the neighbouring regions.”

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Topsgrup ranked India’s most trusted security services brand

Topsgrup has been ranked as India’s most trusted security services brand in The Brand Trust Report ‘India: Study 2014’ covering 20,000 brands across 16 cities.

Topsgrup is India’s largest security group employing more than 93,000 trained and highly motivated employees around the world.

For its part, The Brand Trust Report is an annual study carried out in 16 cities around the country, researching the trust, attitudes and preferences that consumers place on more than 20,000 brands and publishing the most trusted ones on a Brand Trust Index.

This year’s study, which involved participants between the ages of 21 and 50, has listed South Korean electronics giant Samsung as ‘India’s most trusted brand’, followed closely by Sony and Tata at second and third place respectively.

In last year’s report, these three brands had ranked second, third and fifth.

Dr Richie Nanda, the global chairman of Topsgrup and The Shield Group (the UK’s ninth largest business security company), commented: “We’re delighted with this news. It truly reflects our commitment to our customers and other stakeholders. Special credit must go to the team as they are amazing ambassadors who put a truly personal touch to the services we provide and the customers who completely place their trust and security in our hands. This ranking brings great pride to Topsgrup, and also brings a lot of responsibility. We always endeavour to uphold the trust and loyalty that our clients put into our products and services.”

Richie Nanda (left) with John Roddy, CEO of The Shield Group

Richie Nanda (left) with John Roddy, CEO of The Shield Group

Ramesh Iyer, CEO and vice-chairman of Topsgrup, added: “Kudos to ‘Team Topsgrup’. This accolade could not have been achieved without the joint efforts of all our employees. Our vision remains to become the most respected security brand in the world, and this announcement further endorses our commitment to achieving this aim. We’re particularly pleased to be recognised by such a leading national survey, and even more so to see that we’re highly regarded by clients. We look forward to the next 12 months with optimism to build on this success and continue serving our clients with the same professionalism and support that only Topsgrup can provide.”

Details of The Brand Trust Report

According to The Brand Trust Report, this year’s research sample consisted of 2,500 consumer-influencers and 15,000 hours of fieldwork.

The study generated close to five million data points across 20,000 brands. The top 1,200 brands have been listed in this year’s report. These brands have been classified into 284 different categories (there were 213 categories in 2013).

Considered one of the most respected brands in the security solutions space, Topsgrup is acknowledged by the business fraternity, the federal and state Government and even industry peers as pioneers of the security industry business in India.

The company’s 100% acquisition of The Shield Group (a British security firm) back in 2012 – coupled with some of its strategic acquisitions in India as well as innovative solutions and services – has established it as an emerging global security group.

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