What Checkmate Group does

Checkmate Group (parent: Checkmate Services Pvt. Ltd., headquarters Vadodara, Gujarat) is an Indian private security and facility services franchise operating since 1986 (incorporated 1992) across six service lines — Manned Guarding, Facility Management, Fire & Safety, Electronic Security, Cash-in-Transit / Cash Management, and Event Management — delivered through a 40,000+ workforce with 70 offices across 29 states and 100+ locations in India. The operating model is built around long-term managed-service contracts with corporate, banking, manufacturing, retail, government, ports, mining, education and oil & gas clients (6,000+ logos, 80+ industries serviced, stated 76%+ client retention). Cash logistics is supported by a pan-India fleet of 1,000+ cash vans; fire-safety training is delivered through IFSDMS (founded 1998, wholly owned) with NCVT accreditation; facility management and electronic security run through CFESPL (founded 2003); and credentials include four ISO certifications (9001, 14001, 27001, 45001) plus CAPSI membership.

Underlying technology is a hybrid of people-led operations and applied surveillance tech: integrated electronic-security stacks covering CCTV, access control, intrusion, drone surveillance and building management; GPS-tracked, 24/7-monitored cash-van fleet with remote alarm monitoring; IFSDMS' 'Real Fuel Real Fire' training methodology using modular simulation props; and AI-powered anomaly detection applied to CCTV and threat-monitoring workflows. Senior leadership is ex-Defence-heavy (Brig/Col/Capt/Capt ranks across VPs and Banking CEO), and the group's brand anchors on decades-long relationships with enterprise clients (named testimonials include Vodafone, ITC Fibre Innovations, HPCL).

Go-to-market is direct enterprise and government field sales delivered through 70 offices; pricing is custom-quoted per contract with no public rate cards. Revenue is not publicly disclosed, and the company is privately held by the Mahurkar family with no disclosed institutional investors; expansion is internally funded and signaled via ongoing nationwide recruitment drives, segment-level CEO buildout, and government training partnerships (Rashtriya Raksha University, NCVT, HPCL).

Name

Checkmate Group

Legal name

Checkmate Services Pvt. Ltd.

Website

https://checkmateservices.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Checkmate Group is an Indian security and facility-services firm offering manned guarding, electronic surveillance, facility management, fire-safety training, cash-in-transit, and event security to 6,000+ enterprise, BFSI, manufacturing and government clients across 29 states via a 40,000+ workforce.

Ownership category

akta.pro rank

Product category

Security & Facility Management Services

NAICS

Security Guards and Patrol Services (561612), Investigation, Guard, and Armored Car Services (56161), Security Systems Services (except Locksmiths) (561621)

SIC

Services-Detective, Guard & Armored Car Services (7381)

akta.pro primary industry

Security, Safety & Fire/Life Safety Management (BPABAAAE)

akta.pro secondary industries

Professional Monitoring (Burglar/Intrusion) (HSAHAAAA), Access Control, Bag Checks & Screening Operations (THAHALAF)

Keywords

• Security services
• Facility management
• Fire safety services
• Electronic surveillance
• Cash logistics

Headquarters

HQ city

Vadodara

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Security Services: Manned guarding, electronic security, VIP protection, and security audit services provided under long-term contracts with enterprises and government bodies
2. Facility Management Services: Comprehensive facility management including housekeeping, maintenance, and operational support under service contracts
3. Fire and Safety Services: Fire prevention, crisis management, training programs, and emergency response services including certification courses
4. Cash Management Services: Cash-in-transit, vaulting, processing, ATM replenishment services with surveillance and trained CIT crew across India
5. Event Management Services: End-to-end event management including planning, logistics, execution, and security for various event types

Go-to-market motion2 records

Distribution channels2 records

Marketing channels7 records

Core offering

Checkmate Group provides integrated security, facility management, fire safety, electronic surveillance, cash-in-transit, and event management services to enterprises, banks, manufacturers, and government bodies across India. The company deploys a trained taskforce of 40,000+ personnel supported by electronic security systems, GPS-tracked cash vans, drone surveillance, and a fire safety training institute (IFSDMS) to deliver these services under managed contracts.

Product overview

Checkmate Group is a security and facility services company offering an integrated portfolio of security, safety, and facility management solutions across India. The core offerings include Manned Guarding (Security Services), Facility Management Services, Fire & Safety Services, Electronic Security Services, Cash Management Services, and Event Management Services. The company operates through its wholly-owned subsidiary Checkmate Facility and Electronic Solutions Pvt Ltd (CFESPL) for facility and electronic security operations, and the Institute of Fire Safety & Disaster Management Studies (IFSDMS) for specialized fire safety training. The company leverages technology including AI-powered surveillance, drone systems, and integrated command centers to augment its 40,000+ workforce serving clients across 29 states in India.

Differentiator

Problem solved

Functional benefit

Products and services

• Security Services (Manned Guarding) Professional physical security personnel deployment including manned guarding, security audits, training, risk assessment, executive protection, and VIP security services for corporate, banking, government, and industrial clients across India. Backed by a 25,000+ security taskforce.
• Facility Management Services Comprehensive facility management including general housekeeping, mechanized cleaning, building maintenance, engineering/electrical maintenance, pest control, waste management, landscaping, and front desk management for corporate offices, IT parks, and industrial facilities. Delivered through CFESPL with a 7,000+ facility management taskforce.
• Fire & Safety Services Fire prevention, emergency response, hazardous materials response, and fire safety training including real-fuel/real-fire scenario training at the IFSDMS facility. Supports oil and gas, manufacturing, petrochemical, and government clients with 14,000+ fire and safety taskforce and 88%+ training effectiveness.
• Electronic Security Services Technology-enabled security solutions including CCTV surveillance, access control, intrusion detection, drone surveillance, perimeter security, and building management systems. Includes AI-powered CCTV anomaly detection and is delivered by a 759 trained electronic security taskforce with 80%+ customer satisfaction.
• Cash Management Services Secure cash logistics including cash-in-transit, vaulting, processing, ATM/Cash Recycler replenishment, bullion vaulting, and doorstep banking services with a 1,000+ fleet of GPS-tracked cash vans and 24x7 control room operations. Serves banks and BFSI clients with 4,000+ trained taskforce and 81%+ customer satisfaction.
• Event Management Services End-to-end event management including pre-event planning, crowd management, security coordination, crisis management, and post-event services for corporate, government, public, and private events. Backed by a 26,000+ trained taskforce and 82%+ customer satisfaction.

Quantifiable outcome

• 100+ operational locations across India
• +8 more outcomes

Named customers3 records

Segments10 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Hindustan Petroleum Corporation Limited (HPCL)coreStrategic or Co-development PartnerHPCL signed agreement with Institute of Fire, Safety & Disaster Management Studies (IFSDMS) for specialized live-fire training for HPCL officers to strengthen emergency response capabilities. The partnership focuses on realistic training environments for oil and gas sector emergency preparedness.
• Rashtriya Raksha University (RRU)coreStrategic or Co-development PartnerMoU signed with Rashtriya Raksha University (under Ministry of Home Affairs) for fire safety training and certification programs. Checkmate sponsors men and women trainees for Fireman Trade under this partnership.
• National Council of Vocational Training (NCVT)coreStrategic or Co-development PartnerIFSDMS is accredited by NCVT, Ministry of Skill Development & Entrepreneurship, Government of India for vocational training certification in fire safety and related trades.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• SIS Group (Security and Intelligence Services India): India's largest listed security and facility management services company. Directly competes with Checkmate across manned guarding, facility management, cash logistics and electronic security for the same enterprise, banking and government client base.
• CMS Info Systems: India's leading ATM managed services and cash management company; directly comparable to Checkmate's cash-in-transit, ATM replenishment, vaulting and doorstep banking services across banks and retail.
• Securitas India: Swedish-origin global security services provider with pan-India operations covering guarding, electronic security and specialized risk services; overlaps directly with Checkmate's core verticals and large enterprise customer set.
• Radiant Cash Management Services: Specialized Indian cash-in-transit, ATM and retail cash management services provider; competes most directly with Checkmate's cash management services line and operates a similar armed vehicle fleet model.
• ISS India: Global facility services leader with a large India presence spanning facility management, security, cleaning and workplace support; competes directly with Checkmate's facility management and integrated services offerings.
• BVG (Bharat Vikas Group) India: Indian integrated services company offering security, facility management and housekeeping; competes for the same enterprise, government and PSU contracts on a pan-India basis.
• G4S India: Global security services major operating in India through manned guarding, cash-in-transit and electronic security. Most comparable international peer competing for the same enterprise and BFSI contracts.

Broad incumbents

• Quess Corp: Listed Indian business services platform with significant exposure to security, facility management and cash logistics through its subsidiary IFM; broader services portfolio but directly overlaps with Checkmate's core offerings.
• Sodexo India: Global services major providing integrated facility management, food services and security support in India; broader services portfolio but a recognized competitor for Checkmate's facility and workplace services engagements.

Emerging players

• First Meridian Support Services: Indian integrated facility management and security services company with growing pan-India presence; competes with Checkmate in guarding, housekeeping and facility management contracts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/checkmateestd89
• YouTubeyoutube.com/@checkmatenetwork4065
• LinkedInlinkedin.com/company/checkmate-estd-1988

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Checkmate Group