, NAIROBI, Kenya, Sep 27 – Family business Pada Security Limited is seeking strategic investors to buy a stake at the firm to fund expansion plans.
The firm plans to expand to the rest of the East African Community as demand for private security business explode in the region.
The firm has a turnover of about Sh100 million with over 3,000 clientele throughout the country.
Incorporated in 1993, the firm has a network of 10 branches spread across Kenya that includes Nairobi, Kitengela, Githunguri, Keroguya, Mwea, Thika, Ruiri, Muranga and Nyeri.
“We also boast of a well-trained work force of 700 security guards with 20 per cent of them EX service men, 12 full time investigators and employees in the alarm system department. We have built the necessary structures for the firm to go to the next level. We have a strong command and vigilance centre along the Nairobi-Naivasha highway with wide communication reach on radio and alarm systems,” Pada Security Managing Director David Kiiru states.
Among the services it offers include car tracking services, validating insurance claims, well trained and fierce dog unit manned by professional dog handlers, Installation of Electric Fences , Private Investigation, CCTV installation and Guard Monitoring System .
They have also started the Pada Security Training Institute in Kerugoya that trains over 50 students monthly.
“We have laid the foundation and infrastructure for the first generation of Pada Security firm, but we are now seeking fresh strategic shareholders to break the monotony of the family business,” he added.
Private security services industry in Kenya is projected to grow by over 100 per cent in the next three years.
This is attributable to the growth to a rising need for security buoyed by rising economic growth as well as the growing middle class whose lives have become sophisticated.
“Crime goes hand in hand with the economy, if the economy goes up, crime also goes up,” Kiiru says.
The surge of private security business went up following terror attacks that have continued to rock the country since with Westgate Mall attacks.
Most attractive private security services include guards, trained dogs and high-end equipment.