UAE-based Transguard posts $8.7mln profit in fiscal 2020-21

Transguard Group, a leading provider of staffing services in the UAE, has announced a profit of AED32.1 million ($8.7 million) and revenue of AED1.87 billion for the fiscal year 2020-21.

The company also recorded AED2.1 billion in new and renewed business.

“In a year otherwise dominated by uncertainty and prediction-defying challenges, Transguard reliably provided insightful solutions and best-in-class client support,” explained Greg Ward, Managing Director, Transguard Group. “Our innate ability to adapt to this new business landscape was key in achieving a strong end to a difficult year.”

In addition to deploying more than 44,000 employees every month during the height of the Covid-19 crisis and deploying a further 500 employees in a variety of roles to the UAE’s field hospitals, Transguard’s Facilities Management division also landed a prestigious contract with a global leader in the Oil & Gas sector, grew its retail portfolio with new two new malls in Abu Dhabi and renewed its contract with Global Village for the 11th consecutive year.

Transguard’s Security Services division expanded its already sizeable reach by becoming the sole security provider for the country’s largest bank, as well as by taking on responsibility for the substantial Residential, Hospitality and Entertainment portfolios of the UAE’s largest property developer.

After two successful decades, Transguard Cash continues to lead the industry with a continual stream of innovations, including new ATM and cash sanitisation services. The 2020 launch of the Transguard Pay kiosk network (which gives Transguard’s users easy, convenient access to top up their mobile credit or even send money to their families in their home countries) served to underscore the division’s strong welfare credentials.

With the exponential growth of the logistics sector in 2020, Transguard’s Manpower portfolio likewise expanded to include contracts with all major supermarket chains in the UAE, as well as agreements to provide manpower for warehousing, delivery services and more for these essential service providers.

As the UAE’s hospitality sector gradually opened, Transguard was awarded the framework for multiple hotels of a major regional hotel chain; meanwhile, Transguard Delivery began offering home check-in services for Emirates’ passengers in Dubai. Transguard has also continued its support of Expo 2020 Dubai with the announcement of contracts with seven pavilions.

Transguard’s Aviation and Logistics division also announced significant contracts with both Emirates and Etihad Airways: Under the first, Transguard is the exclusive provider of chauffeur services for Emirates’ Business, First and Multi-Passenger Vehicle fleets. Meanwhile, Transguard’s contract to support Etihad Airways with loaders, fork lift operators and other designations was extended by an additional three years; this qualifies the business solutions provider as a Diamond Partner in the airline’s Alwatani programme.

Meanwhile, Transguard never wavered from its commitment to the welfare of its employees and in January announced an all-encompassing initiative to vaccinate 95% of its workforce before the end of March. By facilitating more than 78,000 vaccinations by the end of the financial year, Transguard surpassed its prior commitment.

“If we learned anything during the pandemic it is to keep our eyes on innovation and a fierce focus on customer satisfaction,” Ward concluded. “We will not lose our momentum as we continue to support the UAE as it bounces back stronger than ever.” – TradeArabia News Service