The Next 50#82 Zicom Electronic Security Systems

Total income for the year ended March 31, 2014 stands at `926 crore as compared to `691 crore in the corresponding previous period, showing a growth of 34%. Riding on the wave of economic recovery in the Gulf Region, Unisafe Dubai and Phoenix Qatar, both, have reported remarkable performance. As expected the Middle East business of Zicom is moving to a new scale.

With the launch of new infrastructure projects in the middle east particularly in UAE, Qatar, and Saudi Arabia, this trend is likely to continue for few more years. On Indian side, the concept of Zicom SaaS is gaining acceptance and more and more enterprise customers such as banks, retail shops, etc, are moving to security service model.

In the third quater, the fire safety business in the middle east has been a major contributor to the topline and bottomline of the company whereas the Indian business has also shown encouraging results, however, the exchange rate fluctuation kept margins under pressure.

Zicom introduced the unique concept of electronic security as a service to enterprises and housing societies that provides cloud-based remote monitoring systems and business intelligent support.