The forthcoming budget is expected to unveil reform-centric policies
With the Union Budget scheduled to be unveiled by finance minister on February 1, Tenon being one the leading facility management company having its presence in more than 6 countries with over 55,000 employees in 71 branches, wants to share its expectations from upcoming Budget’17.
Appended below is the quote from the spokesperson of the company i.e. Group Chairman, Major Manjit Rajain.
“The forthcoming Union Budget is expected to unveil reform-centric policies and an action plan that would help boost the growth. The security industry is the second largest employment generator in India, which provides fresh workforce through facilitating pre-job and on the job training. Considering recent initiatives taken by the current government in the areas of agriculture, job creation, skill development and education, we hope this budget to be beneficial for companies like us. We expect new tax incentives in the areas like skill development & job creation and are very optimistic about new policies. Through this Union budget’17, we would request the government to categorize the private security guard under skilled and highly skilled workers under minimum wages Act, while providing with more tax incentives for such trainings. In addition to this, we are expecting simple tax compliances under proposed GST environment. Furthermore, we hope the reduction in custom duty on the electronic security products for the growth and expansion of the industry.”
The Tenon Group of Companies, an Integrated Security & Facilities Management Corporation has a global presence in 6 countries and spread across India with over 55,000 employees in 71 branches, providing comprehensive range of services to more than 1800 + corporate. Founded by Major Manjit Rajain, the company started with manned guarding services – Peregrine Guarding which quickly established itself as the premier establishment in this space. It has been independently rated by KPMG, EY and Deloitte as amongst the top 5 service providers in the country.
The group’s vision for growth led to the expansion of the business and in 2007, Tenon Integrated Facilities Management Services was established. In 2009 the corporation was further strengthened by the acquisition of a leading electro mechanical service provider – Rotopower. With the listing in the London Stock Exchange (AIM) through its parent company Mortice Limited, registered in Singapore, Tenon has the distinction of being the only corporation in Asia offering Integrated Facility Management Services, Security and Electrical & Mechanical services to be featured.
In 2013 Tenon expanded its global footprint and established its presence in Saudi Arabia and Sri Lanka through Saudi Tenon and Tenon Lanka, respectively. 2014 was another landmark year for Tenon both in terms of market expansion and new business venture. Globally Tenon made a significant foray in Netherlands through a joint venture with Amsterdam Arena International who are a specialists in the development and management of sports venues all over the world. The business saw expansion through a launch of a new vertical – Soteria, the state of the art Control and Command Center offering remote surveillance services.
In 2015 Tenon augmented it’s vision of expansion further by 100% acquisition of UK based Facility Management company – O&G Group and 51% acquisition of Singapore based Security Company – Frontline Security.
Today Tenon is certified for ISO 14001:2004, ISO 9001:20 and OHSAS 18001:2007
In 2005 Peregrine Guarding was awarded the Fastest Growing Manned Guarding Company and the Executive Chairman of the Group Major Manjit Rajain has been felicitated by CAPSI for the Security Entrepreneur Award in 2008 and Security Leadership Award in 2012. Tenon Group of Companies was awarded with the Prestigious Gold Medal and the Group Chairman was conferred with the International Award for Excellence by the Institute of Economic Studies in September 2015. He also received the Global Achiever’s Award conferred to him in Dubai in January 2016. The Group Chairman – Maj. Manjit Rajain has been appointed to the Global Council of Advisor at Yale School of Management.
Tenon Facility Management India Pvt. Ltd.
Tenon Facility Management India Pvt. Ltd. is an India-centric corporation which offers an integrated solution for superior quality facilities services. The company aligns to its motto of “Services that Fit” and offers global standards of services at optimized cost. The full range of facilities management services include soft services like cleaning to high-end specialist services like workplace management and unique services like Critical Systems Engineering Building Operations, Support Service. Tenon has been providing facilities management services for a wide range of public and private sector businesses. The clients include some of the world’s most respected blue chip and home-grown companies.
Peregrine Guarding Pvt. Ltd.
Peregrine Guarding, the security arm of Tenon Group was incorporated in 1995 and is one of the leading security solution providers in India. Today Peregrine is operational in all 29 states of India with 67 offices covering tier 1, 2 and 3 cities. Peregrine provides integrated security solutions in Physical Security, Electronic Security, Risk Assessment Consultancy, Executive Protection, Event Security and Remote Command Center. Peregrine has the ability to implement high quality services across the spectrum of strategic and tactical security services. We have a very robust recruitment and training process where the company inducts only the screened, vetted and trained candidates for employment thereby creating and maintaining value into the system. An ISO 9001: 2008 and OHSAS certified company which has won several accolades.
Rotopower Projects Pvt. Ltd.
Rotopower Projects Pvt. Limited, a wholly-owned subsidiary of Tenon Group was acquired in June 2009. It provides preventive, as well as, predictive mechanical and electrical maintenance services, HVAC management and AMC (Annual Maintenance Contract) services. Rotopower Projects specializes in distributed model service offering and has established its leadership position in the provision of technical services in India by virtue of its differentiated level of services. Rotopower works through a strong team consisting of Facility Managers, Housekeeping experts, Engineers, Supervisors, Managers, MIS Agents, Technicians, Plumbers, Carpenters and Trainers spread across the country. The client spread consists of various sectors from IT/ITES, Telecom, to manufacturing industry.
Soteria Command Center
The Soteria Command Center is a business tool that predicts, manages, analysis and communicates the environmental deviations for certain events .These events can be controlled, monitored and avoided in a defined and a managed environment. It provides a unique real time remote monitoring which utilizes predictive event analytics and proactive response management that facilitate in alleviating business risks. The service not only assist clients in preempting any critical or non critical challenging security related incidents but also provides them with vital information on any impending situation.
O&G is a FM Company having a niche segment in the UK market dealing with commercial and office facility management encompassing soft and hard services. It has a leadership position in servicing Universities and Ministry of Defense besides multi tenanted office accommodation and blue chip commercial clients. O&G brings to the table both expertise and skills from a mature market thus raising the bar of services delivery and operational capability for the Group. Through O&G the Tenon Group also has an access to better control and international systems and processes from a established market. The company is headquartered in London with offices in Manchester and Wolverhampton. Some of the prominent clients of O& G include Fedex, Steria and CBRE.
Frontline Security is a leading provider of security manpower services, close protection officers, security systems and technology solutions, providing services serving to customers across 73 sites in Singapore. The business was founded in 2006 and was wholly owned by Joe Singh till the acquisition. It provides security management, consultancy services and training, as well as supplying a wide range of security and surveillance products including CCTV systems, GPS tracking systems, metal detectors, biometric time and attendance systems, and under vehicle surveillance systems. Frontline has the distinction of being awarded the Grade A certification for outstanding service delivery by the Police Licensing Authority of Singapore.