History & Growth
Securex Limited was incorporated in 1988 as a private security company and was the first in the country to engage in this line of work. Late Group Captain Taher Quddus & Mr Rafiul Karim formed the company and Gp. Capt. Taher Quddus steered the new fledgling business as its Managing Director. The company set the trends and guidelines of how this business could achieve commercial success and in fact paved the way for the Security Industry to grow. Currently nearly half million Bangladeshis rely on this industry as a form of livelihood and over 500 Security companies now exist.
Securex started with providing manned guarding services as the sole revenue stream for the company, designing and engineering from trials & experience of what security guarding should be. By 1991, the Company started the first Cash–in-Transit service aiming to take on the responsibility of cash movement from financial institutions in armored vehicles designed to suit the environment and infrastructure of the country. Singlehandedly, the Company drew the operating procedures of the service, the framework for effective insurance provisions, the guidelines formulated and endorsed by the Governmental agencies to give it shape and credibility, the service now is provided by over thirty companies in the country.
In 1993 Securex ventured into the retailing and installation of intelligent security equipment like Intruder alarm system, CCTV and recording, Access control systems, physical security equipment like safes, vaults, grilles, data storage cabinets and lockers. This new revenue stream has become an integral part of the company’s business where the Technical department installs, maintains and rents out equipment all across the country with thousands and thousands of successful installation projects completed.
Through the test of time and over a quarter century of experience, Securex continues to define the security requirements paves the way for others to enter the industry. Group Captain Taher Quddus(Retd) Security formed the first Security operators Association and remained its President till his death in September 4th 2013. The new generation of security providers will now take this industry to a new level of sophistication and maturity.