Clear Secured Services Limited (CSSL) is a service-sector company offering manned guarding, integrated facility management, and staff security services. The company earns revenue by deploying trained manpower across client sites in multiple sectors. Its services are used by businesses requiring on-site security, facility operations support, and managed workforce deployment.The company operates through decentralized manpower operations teams. Its major service delivery infrastructure includes regional operational centers that manage recruitment, training, deployment, and monitoring of manpower across client locations.

CSSL’s service portfolio includes manned guarding, integrated facility management, and security staffing solutions. These offerings support clients throughout their operational life cycle by ensuring safety, facility upkeep, and uninterrupted workforce availability.

The company may allocate capital expenditure toward infrastructure expansion, digital workforce management systems, and capacity development to support its growing customer base.

Employees & Banker
As of October 31, 2025, the company had 4025 employees. The Banker to the Company is Axis Bank Limited and ICICI Bank Limited,

MANAGEMENT & VISION

The management of Clear Secured Services Limited focuses on strengthening its presence in the manpower deployment, guarding, and facility management industry. Their near-term vision includes expanding the client base, improving service quality, and enhancing manpower capability. Long-term plans center on sustainable scalability, technology adoption, and operational excellence. Funding for future expansion is expected to be arranged through internal accruals, operational cash flows, and the IPO proceeds as indicated within the RHP’s objectives.

INDUSTRY OVERVIEW

CSSL operates in the Indian security services and integrated facility management industry, a sector driven by rising commercial infrastructure, growing compliance needs, and increasing outsourcing of non-core activities. The Indian security services industry is valued at ₹1.5–1.8 lakh crore, growing at 10–12% annually. The facility management industry in India is valued at USD 30–35 billion, with expected growth of 12–15% CAGR.

Globally, the guarding and facility management market is worth USD 1.2–1.3 trillion, projected to grow at 6–7% CAGR. Market leadership is held by multinational service providers such as Allied Universal, Securitas, ISS, and G4S, while India’s landscape is dominated by large players including SIS, Quess Corp, and BVG India.

MAJOR RISK FACTORS

1. High Dependence on Manpower

CSSL’s business model relies heavily on the availability, training, and retention of manpower. Any shortage, high attrition, or wage-inflation could negatively affect profitability and the ability to meet client deployment schedules.

2. Intense Industry Competition

The security and facility management industry is highly fragmented, with large national players and numerous regional operators. Price-based competition may pressure margins and limit CSSL’s ability to secure long-term high-value contracts.

3. Client Concentration & Contract Renewal Risks

4. Compliance & Regulatory Exposure

The manpower deployment sector faces extensive labour, PF/ESI, wage, and regulatory compliance obligations. Any failure to meet statutory requirements may result in penalties, increased costs, or loss of business credibility.

5. Working Capital-Intensive Operations

The business requires substantial working capital to pay manpower salaries before receiving client payments. Delays in receivables or increased payroll obligations can impact liquidity and financial stability.

6. Operational & Safety Risks

As the business deploys personnel at diverse client locations, incidents related to safety, misconduct, or operational lapses may create reputational and legal risks that could affect service continuity and client trust.

KEY STRENGTHS & OPPORTUNITIES

1. Strong Presence in Essential Services

CSSL operates in a sector with consistent demand across industries. Security and facility management services remain essential regardless of economic cycles, ensuring steady revenue visibility and long-term client dependence.

2. Scalable Manpower Deployment Model

Its decentralized manpower training and deployment structure enables rapid scaling across locations. This operational flexibility allows CSSL to serve diverse sectors with consistent quality, strengthening its competitive position.

3. Rising Industry Outsourcing Trend

Industries increasingly outsource non-core activities such as facility management and guarding. This structural shift creates strong growth opportunities for CSSL to expand service offerings and deepen client penetration.

4. Growth Potential Through Technology Adoption

Digitization in workforce management, attendance tracking, and remote monitoring can significantly improve efficiency. CSSL can leverage these technologies to enhance service delivery, reduce errors, and improve profitability.

5. Expanding Infrastructure & Urbanization Demand (30–40 words)

India’s commercial, residential, and industrial infrastructure growth is driving demand for security and facility services. CSSL is positioned to benefit from long-term expansion in malls, IT parks, logistics hubs, and manufacturing units.

6. Opportunity to Strengthen Pan-India Footprint

With increasing demand from tier-2 and tier-3 cities, CSSL can expand operational centers and training hubs to widen its geographic reach, acquire more clients, and diversify revenue streams.

 Clear Secured Services Limited (CSSL) is a service-sector company offering manned guarding, integrated facility management, and staff security services. The company earns revenue by deploying trained manpower across client sites in multiple sectors. Its services are used by businesses requiring on-site security, facility operations support, and managed workforce deployment.The company operates through decentralized manpower operations teams. Its major service delivery infrastructure includes regional operational centers that manage recruitment, training, deployment, and monitoring of manpower across client locations.

CSSL’s service portfolio includes manned guarding, integrated facility management, and security staffing solutions. These offerings support clients throughout their operational life cycle by ensuring safety, facility upkeep, and uninterrupted workforce availability.

The company may allocate capital expenditure toward infrastructure expansion, digital workforce management systems, and capacity development to support its growing customer base.

Employees & Banker
As of October 31, 2025, the company had 4025 employees. The Banker to the Company is Axis Bank Limited and ICICI Bank Limited,

MANAGEMENT & VISION

The management of Clear Secured Services Limited focuses on strengthening its presence in the manpower deployment, guarding, and facility management industry. Their near-term vision includes expanding the client base, improving service quality, and enhancing manpower capability. Long-term plans center on sustainable scalability, technology adoption, and operational excellence. Funding for future expansion is expected to be arranged through internal accruals, operational cash flows, and the IPO proceeds as indicated within the RHP’s objectives.

INDUSTRY OVERVIEW

CSSL operates in the Indian security services and integrated facility management industry, a sector driven by rising commercial infrastructure, growing compliance needs, and increasing outsourcing of non-core activities. The Indian security services industry is valued at ₹1.5–1.8 lakh crore, growing at 10–12% annually. The facility management industry in India is valued at USD 30–35 billion, with expected growth of 12–15% CAGR.

Globally, the guarding and facility management market is worth USD 1.2–1.3 trillion, projected to grow at 6–7% CAGR. Market leadership is held by multinational service providers such as Allied Universal, Securitas, ISS, and G4S, while India’s landscape is dominated by large players including SIS, Quess Corp, and BVG India.

MAJOR RISK FACTORS

1. High Dependence on Manpower

CSSL’s business model relies heavily on the availability, training, and retention of manpower. Any shortage, high attrition, or wage-inflation could negatively affect profitability and the ability to meet client deployment schedules.

2. Intense Industry Competition

The security and facility management industry is highly fragmented, with large national players and numerous regional operators. Price-based competition may pressure margins and limit CSSL’s ability to secure long-term high-value contracts.

3. Client Concentration & Contract Renewal Risks

4. Compliance & Regulatory Exposure

The manpower deployment sector faces extensive labour, PF/ESI, wage, and regulatory compliance obligations. Any failure to meet statutory requirements may result in penalties, increased costs, or loss of business credibility.

5. Working Capital-Intensive Operations

The business requires substantial working capital to pay manpower salaries before receiving client payments. Delays in receivables or increased payroll obligations can impact liquidity and financial stability.

6. Operational & Safety Risks

As the business deploys personnel at diverse client locations, incidents related to safety, misconduct, or operational lapses may create reputational and legal risks that could affect service continuity and client trust.

KEY STRENGTHS & OPPORTUNITIES

1. Strong Presence in Essential Services

CSSL operates in a sector with consistent demand across industries. Security and facility management services remain essential regardless of economic cycles, ensuring steady revenue visibility and long-term client dependence.

2. Scalable Manpower Deployment Model

Its decentralized manpower training and deployment structure enables rapid scaling across locations. This operational flexibility allows CSSL to serve diverse sectors with consistent quality, strengthening its competitive position.

3. Rising Industry Outsourcing Trend

Industries increasingly outsource non-core activities such as facility management and guarding. This structural shift creates strong growth opportunities for CSSL to expand service offerings and deepen client penetration.

4. Growth Potential Through Technology Adoption

Digitization in workforce management, attendance tracking, and remote monitoring can significantly improve efficiency. CSSL can leverage these technologies to enhance service delivery, reduce errors, and improve profitability.

5. Expanding Infrastructure & Urbanization Demand (30–40 words)

India’s commercial, residential, and industrial infrastructure growth is driving demand for security and facility services. CSSL is positioned to benefit from long-term expansion in malls, IT parks, logistics hubs, and manufacturing units.

6. Opportunity to Strengthen Pan-India Footprint

With increasing demand from tier-2 and tier-3 cities, CSSL can expand operational centers and training hubs to widen its geographic reach, acquire more clients, and diversify revenue streams.