Muthoot Pappachan Group rolls out innovative security solutions - Muthoot FinCorp
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Muthoot Pappachan Group rolls out innovative security solutions


Muthoot Pappachan Group rolls out innovative security solutions

KOCHI: Do you want a security cover for your house when you go on a holiday? Are the ATMs of your city facing security risk? Well, MPG Security Group (P) Ltd, a company promoted by Muthoot Pappachan Group, has rolled out a new initiative that promises advanced surveillance, monitoring and warning system to provide innovative security solutions for clients at lesser costs.

The company will deploy Emergency Response Teams (ERTs) of professionally trained men who use advanced technology vehicles equipped with state of the art e-surveillance, monitoring and warning systems.

The company that was earlier using the security system for its own branches in South India has now announced a national rollout, launching a fleet of 133 vehicles in a bid to enter the Rs 20,000 crore private security business in the country.

MPG Security Group will offer security services to other clients in different sectors. The company which is offering protection to 1800 branches of Muthoot FinCorp will offer the same service to 2100 branches of Muthoot Finance. Talks are underway with other players like NBFCs, finance companies, banks, ATM operators, jewelleries etc who face security issues.

Muthoot Pappachan Group is the first player in the country to have entered the security business with advanced technology vehicles, a statement issued by the group said. The company’s services will bring down security costs by 50 %, the statement said.

ERT is a cluster-based security initiative that promises to respond to any security threat with a minimum delay within a defined geographical area. ERTs will conduct routine visits and random checks of the branches of the client in a defined area and respond to a breach of security within 25 minutes of getting an alarm from the branch, the company spokesmen said.
Originally Posted on: The economic times logo
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