Sainik Intelligence and Security will make one paisa profit.

Pune: City-based Sainik Intelligence and Security Pvt Ltd, a private firm, has offered to provide 900 security guards to Pune Municipal Corporation (PMC) at just one paisa profit per guard. 
After considering the offer, the standing committee of the PMC decided to engage the private firm for providing security guards to protect PMC owned properties in the city.   

Since the agreement between the PMC and the earlier company providing security guards ended a few months ago, many PMC properties such as hospitals, gardens, water treatment plants, etc were left without security cover. 

According to the proposal, each security guard deployed by the private contractor will be entitled to a monthly salary of Rs 13,880. The PMC will have to spend a total of around Rs 14.99 crore per year on the deployment of 900 security guards.

Defending its decision to provide the service to the PMC, the company claimed that it is offering the service to the civic body on a ‘no profit and no loss’ basis, as it is eyeing big contracts from the state and Central governments. It will also fulfil the condition of having experience of deploying hundreds of security guards. 

When asked how the PMC will monitor the quality of service of the security agency, Standing Committee Chairman Murlidhar Mohol said if the security guards provided by Sainik Intelligence and Securities Pvt Ltd are found not following the rules of the PMC mentioned in the contract, appropriate action will be taken against the company. If needed, the firm will be blacklisted, he added.