PACRA Assigns Initial Security Grading To Yaldram Security Services (Pvt.) Limited

Today, almost 250 private security agencies are member of All Pakistan Security Agencies Association. Pakistan's security services industry is still far from maturity. Moreover, CPEC has added another dimension to this arena, by generating demand from physical to procedural security with growing use of technology.
The rating reflects Yaldram Security Services association with an establishing security provider group, offering a range of security related services. It has valid license to operate throughout the country. At present, Yaldram Security Services is experiencing revenue growth which mainly emanates from a select client base. It has a good tilt towards multinationals and diplomatic entities. Though Yaldram Security Services’s infrastructure is in congruence with its operations, regionally segregated operation rooms require framing of formal policies. Yaldram Security Services deploys value addition facility only at critical sites. However, well-framed policies to alert quick reaction force are in place. Although the company follows adequate basic pay structure for its guards, other critical staff benefits are usually linked to needs underlying clients. Moreover, guards training need to be formally structured. Revenue concentration, from a single client, will eventually go down as business opportunities are tapping in.

The ratings are dependent on the management's ability to upgrade infrastructure for improved operations. Attention must be dawn to benefits and facilities provided to human resource, particularly guards. Improvement in business and financial profile along with effective changes in governance framework would be considered good.

About the Entity
Yaldram Security Services (Pvt.) Limited, is a venture of an establishing security services provider, predominantly in Islamabad Capital Territory. It was incorporated in 2005 as a Private Limited Company. Yaldram mainly provides man-guarding services, it hires ex-military and SSG employees as security guards and supervisors. Yaldram, at present is providing security services to both private and public sector, multinationals and Embassies. Yaldram currently has a guard force of above 850 individuals.

Major shares, of Yaldram Security Services, are held by Col. Naveed Ahmad. While, the remaining stake resides with his wife, Mrs. Ambreen Gohar and Mr. M. Arshad. Sponsoring family dominates the three member board. Board’s Chairman and company's CEO, Col. Naveed Ahmad, plays a pivotal role in strategic decisions. He has experienced senior team that have adequate association with Yaldram.