{"id":50961,"date":"2022-11-28T11:44:42","date_gmt":"2022-11-28T06:14:42","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=50961"},"modified":"2022-11-28T11:44:45","modified_gmt":"2022-11-28T06:14:45","slug":"how-to-start-a-security-service-business-in-india","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/how-to-start-a-security-service-business-in-india\/","title":{"rendered":"How to Start a Security Service Business in India?"},"content":{"rendered":"\n<p>The crime rate in India, especially in metropolitan areas, is increasing\nrapidly every passing year. This has led to the growth of private security\nservices nationwide. There is a great demand for private security guards in\nplaces like schools, malls, offices, healthcare facilities, and so on. If you\nare eyeing this as an opportunity to set up a security service business in\nIndia, you have made a great decision. All you need is to get aware of the\nlegalities around this business so that you do not have a tough time starting\nthis venture. Let\u2019s go through the following sections in this blog one by one\nto learn everything about this viable business venture. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Facts around Security Service Business in India <\/strong><\/h2>\n\n\n\n<p>Following are some important facts around Security Service Business in\nIndia:<\/p>\n\n\n\n<ul><li>Make a thorough background\ncheck in view of the governing legislation to select legally-viable candidates.\n<\/li><li>Training is an important\npart of compliance for a security agency business in India. Hence, make sure to\nabide by such norms and facilitate proper training for guards to stay\ncompliant. <\/li><li>The way selected guards\nperform their duties, wear their uniform, and follow the timing has everything\nto do with the business reputation and compliance requirements. <\/li><li>Return filing is another\nimportant aspect that requires the undue attention of the business owner. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Procedure for starting a\nsecurity service business in India&nbsp; <\/strong><\/h2>\n\n\n\n<p>Here is the step-by-step\nblueprint for establishing a legally-viable security service business in India:\n<strong><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><em>1.&nbsp;&nbsp;\n<\/em><\/strong><strong><em>Create a Business Plan<\/em><\/strong><\/h3>\n\n\n\n<p>Starting your business quest without an explicit plan can be an uphill\ntask. When you know what your goal is and how you are going to achieve it,\nthings will become simpler for you. But what does a <strong>business plan<\/strong><sup><a class=\"text-primary\" href=\"https:\/\/en.wikipedia.org\/wiki\/Business_plan\"><strong>[1]<\/strong><\/a><\/sup> mean? <\/p>\n\n\n\n<p>A business plan consolidates all possible elements that affect your\nproposed business in one way or another. It may include information about; <\/p>\n\n\n\n<ul><li>Proposed budget<\/li><li>Space requirement <\/li><li>Mission and Vision <\/li><li>Target market<\/li><li>Management hierarchy <\/li><li>Legal structure <\/li><li>Competitor analysis<\/li><li>Compliances<\/li><li>Taxation <\/li><\/ul>\n\n\n\n<p>Remember, it is not an exhaustive list. Depending on the nature of your\nbusiness and budgetary requirement, the list may go on and on. With a clear\nbusiness plan, you can have at least a rough idea about how things will fare\nwhen you start a new venture. <\/p>\n\n\n\n<p><strong><em>A Business plan may also include the scope of business you\nwish to engage with. Some of these include; <\/em><\/strong><\/p>\n\n\n\n<ul><li>Personal Security<\/li><li>Automobile Security<\/li><li>Home Security<\/li><li>Event Security<\/li><li>Data Security<\/li><li>Aviation Security<\/li><li>Unarmed Security<\/li><li>Technical Security<\/li><li>Armed Security<\/li><li>Video Surveillance\nOperator<\/li><li>Bodyguards<\/li><li>Patrolling Security\nServices<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><em>2. Register your security service business<\/em><\/strong><\/h3>\n\n\n\n<p>Registration is a way of legalizing the business structure. Before doing\nso, you must choose a viable business structure from the following based on\ncompliances, taxation, nature of business, the scope of operation, and so on. <\/p>\n\n\n\n<ul><li><strong><a class=\"text-primary\" href=\"https:\/\/corpbiz.io\/company-registration\">Private Limited Company<\/a><\/strong><strong> <\/strong><\/li><li>Public Limited Company <\/li><li>One Person Company <\/li><li>Limited Liability\nPartnership<\/li><li>Partnership Firm <\/li><\/ul>\n\n\n\n<p>Take note that each business structure attracts different paperwork and\ncompliances. Therefore, take an effort to drill down the regulatory\nrequirements of each structure before approaching authority for approval.&nbsp; <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><em>3) Secure Mandatory Licenses and Permits<\/em><\/strong><\/h3>\n\n\n\n<p>Registering your business structure is not enough to kick start your\nbusiness journey legally. You have to secure the following permits and licenses\nto make your private security business legally enforceable. <\/p>\n\n\n\n<ul><li>GST Certificate<\/li><li>PSARA License <\/li><li>Shop and Establishment Act\nLicense<\/li><li>PF Registration (If\nemploying over 20 people) <\/li><li>ISO License 18788:2015<\/li><li>ESI Registration (If\nemploying over 10 people)<\/li><\/ul>\n\n\n\n<p><strong>PSARA License<\/strong> &#8211; <strong><em>PSARA license is a fundamental\nlegal permit for starting a private security business in India. <\/em><\/strong><\/p>\n\n\n\n<p>PSARA license falls under the <strong><em>Private Security Agencies Regulation Act<\/em><\/strong>\nthat governs key areas like infrastructural requirements, guard training, code\nof conduct, and so on. The fee for this license varies as per the scope of\noperation. Here\u2018s what the fee structure for the PSARA license looks like; <\/p>\n\n\n\n<ul><li>Rs. 5000 (for opening a\nbusiness in one district)<\/li><li>Rs. 10000 (for opening an\nagency in more than one and up to 5 districts)<\/li><li>Rs. 25000 (to operate in\nthe entire state)<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><em>4) Hire the required\nstaff<\/em><\/strong><\/h3>\n\n\n\n<p>Once you secure the PSARA license, you can hire security guards as per\nthe directions of the governing legislation. The table below reflects the\nsalary structure of different personnel serving a private security business in\nIndia. <\/p>\n\n\n\n<table class=\"wp-block-table table table-bordered\"><tbody><tr><td>\n  <strong>Position<\/strong>\n  <\/td><td>\n  <strong>Salary (Per Month) &#8211; Rs <\/strong>\n  <\/td><\/tr><tr><td>\n  Security\n  Guards (Male and Female)\n  <\/td><td>\n  12,000 &#8211;\n  25,000\n  <\/td><\/tr><tr><td>\n  Human\n  Resource Manager\n  <\/td><td>\n  40,000 &#8211;\n  60,000\n  <\/td><\/tr><tr><td>\n  Trainers\n  <\/td><td>\n  18,000 &#8211;\n  25,000\n  <\/td><\/tr><tr><td>\n  Accountant\n  <\/td><td>\n  13,000\/ &#8211;\n  20,000\/\n  <\/td><\/tr><tr><td>\n  Manager\n  <\/td><td>\n  40,000\/ &#8211;\n  70,000\/\n  <\/td><\/tr><tr><td>\n  Sales Person\n  <\/td><td>\n  10,000\/ &#8211;\n  20,000\/ + Incentives\n  <\/td><\/tr><tr><td>\n  Receptionist\n  <\/td><td>\n  8,000\/ &#8211; 18,000\/\n  <\/td><\/tr><tr><td>\n  CCTV\n  Screener\n  <\/td><td>\n  15,000\/ &#8211;\n  36,000\/\n  <\/td><\/tr><tr><td>\n  Surveillance\n  Officer\n  <\/td><td>\n  20,000\/ &#8211;\n  30,000\/\n  <\/td><\/tr><tr><td>\n  Patrol\n  Officer\n  <\/td><td>\n  13,000\/ &#8211;\n  18,000\/\n  <\/td><\/tr><tr><td>\n  Security\n  Specialist\n  <\/td><td>\n  20,000\/\n  -50,000\/\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><em>5) Sign MoU with the Accredited Training Institution <\/em><\/strong><\/h3>\n\n\n\n<p>Post guards\u2019 and staff\nappointment, your next step will be to sign an MoU (Memorandum of\nUnderstanding) with the accredited training institute. The institute will take\ncare of the guards\u2019 training by rendering apt skill and physical training as\nper the PSARA Act. Post guards\u2019 training, you will become qualified to commence\na private security business in India, legally. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<p>Ever increasing population rate and unemployment are the two main drivers of crime in India. The rate at which crime is committed in India is touching an alarming height. Although the government has responded to this situation by strengthening the local police authorities, the impact does not seems to be as significant as expected. This is where the security service business comes in. With better training and rampant availability, private security has become synonymous with safety in India. <\/p>\n\n\n\n<p class=\"text-left\"><b>Read Our Article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/business-structures-in-india-types-and-benefits\/\">Business structures in India: Types and Benefits<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crime rate in India, especially in metropolitan areas, is increasing rapidly every passing year. This has led to the growth of private security services nationwide. There is a great demand for private security guards in places like schools, malls, offices, healthcare facilities, and so on. If you are eyeing this as an opportunity to [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":50962,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[181],"tags":[2902],"acf":{"service_id":"249"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":8430,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/50961"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=50961"}],"version-history":[{"count":2,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/50961\/revisions"}],"predecessor-version":[{"id":50964,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/50961\/revisions\/50964"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/50962"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=50961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=50961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=50961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}