Investment Imperative has come out with its report on SecUR Credentials IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on November 01 , 2017.
SecUR Credentials Ltd is a global background screening and due diligence service provider company headquartered in Mumbai with FY17 topline of Rs. 10.1 crores. The company is promoted by Rahul Belwalkar with more than 2 decades of experience in background screening and BFSI. Background screening or background verification of employees to be recruited is critical to the process of Human Capital Management and an all-important risk mitigation tool for the HR organizations. Hence the verification and due diligence solutions provided by the company aid clients in significantly reducing the risk of a bad hire.We recommend “Subscribe” - For returns left on the table and long-term Investment
From its inception in August 2016, SecUR credentials has been able to clog in a credible growth rate with revenues in Q1FY18 more than the 50% of revenues for the previous full year. The company has been able to generate a return on Net worth of 89% in FY17 and stands at 38% for Q1FY18.
In a bid to expand its operations, open new branches, support working capital requirement, investments into technology and employees, the company is raising ~INR 30 crores via public offering diluting the ~30% stake. A diversified regional presence, a quantum leap in digitization of employee verification driven by Aadhar revolution in the country, usage of Artificial Intelligence as an opportunity to further revolutionize, makes the company well poised for taking advantage of next leg of growth in the Industry.
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