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Last Updated Sunday July 23 2017 02:08 PM IST

Muthoot Group expands security services

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Muthoot Group expands security services

Thiruvananthapuram: The Muthoot Pappachan Group has expanded the operations of its technologically advanced security services through emergency response teams (ERTs) nationwide.

Chief secretary Jiji Thomson launched the venture by flagging off the hi-tech vehicles for the ERTs, that will provide security services to financial institutions, ATMs, and jewellery stores across the country. He also handed over the advance technology terminal to the head of the team.

Muthoot Pappachan Group chairman and managing director Thomas John Muthoot presided over the function. MPG Securities vice-president Thomas Kurian and former DGP Raman Srivastava, the chief security adviser, spoke on the occasion.

“ERTs would be great help to police in reducing crimes. Private security industry has huge potential, which largely remains untapped,” Srivastava said.

The project envisages intensive patrolling using the special purpose vehicles in commercial areas to prevent burglaries and robberies at jewelleries, money-lending institutions, banks and ATMs. The Group has recently floated a new company, MPG Security Private Limited, to take ERTs nationwide.

The services of ERTs that were originally planned and launched to provide security to the 1,800 branches of the Group’s flagship gold financing arm Muthoot Fincorp, have recently been expanded to the 2,700 branches of the Muthoot Finance Ltd.

The well-trained professionals will do night rounds in commercial areas in the GPRS-enabled vehicles that are also equipped with wireless communication and alarm systems.

If burglars target any ATM covered by the ERTs, control rooms will get a call/alert from the electronic sensor fitted at the ATM. Immediately, the security team patrolling the area will be alerted and they can reach the trouble spot within a few minutes.

The company has already 77 ERT teams, each team with three highly qualified professionals retired from the safety and security fields who can handle any security related exigencies during 9.30 p.m. to 5.30 a.m.

The operations of the teams would be coordinated by the central control room located in Thiruvananthapuram. Control rooms would be set up in each State as well as there will be district-level cells to monitor and coordinate the activities.

“If financial institutions and major gold jewellers adopt our technology tool, they can cut down their security cost by at least 50 per cent,” said Thomas John Muthoot.

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