The Private Security Services sector in India has seen a tremendous growth owing to an increase in demand for security guards in private as well as public areas.
The Private Security Agency (PSA) industry has seen a spike in the number of security services businesses in the past few years due to an increase in number of offices, IT parks, metro stations, malls, hotels, airports, public events and gatherings.The PSA sector in India is a mixture of home-based private players as well as international companies due to the high growth rate and profit margins in the sector. Nonetheless, with an increase in number of crimes and terrorism, and demand for private security, starting a Private Security Agency remains a profitable business option.