UAE-based Transguard Group, a leading multifaceted business support services company, has announced more than 310 new contract wins worth over Dh850 million ($231 million) annually.

The new business successes are supported by 95 per cent retention rate of existing contracts, a statement said.

The new business comes just over a year into the tenure of new managing director, Greg Ward and subsequently a further four key senior management appointments.

Transguard has secured major new contract wins across all business functions and include several notable manpower services contracts, which include a three-year fixed Mechanical, Electrical & Plumbing (MEP) contract for 650 employees with Drake & Scull International.

In addition, Transguard is providing HR solutions for over 150 personnel for F&B investment company Wakira, over a three-year period. The company has also acquired workforce solutions’ contracts with leading international real estate specialist CBRE for 50 employees and with Al Futtaim Electronics for more than 40 employees, both for a minimum of three years.

“We have a fantastic team at Transguard who ensure the company’s continued success and as our company grows so does our reach and our related support services. This combination allows us to provide our clients with a high-quality service at a very competitive price point,” said Ward.

“By aligning Transguard with their respective corporate strategies, our customers empower us to deliver all of their business goals, through our cash, security, manpower and integrated facilities services,” he added.

Transguard generated revenue in excess of, Dh1.4 billion during the 2015/2016 financial year according to the figures audited by PricewaterhouseCoopers. This marked a 38 per cent increase over the previous year and profit of over Dh123 million represented a 16 per cent increase during the same time period.

With the increase in business, Transguard reached a milestone 50,000 employees in October last year. The figure has subsequently risen to 55,000 further highlighting the growth of the company.

“With the wealth of new contract wins we’re confident our financial results for this year ending March 31, will exceed last year, an impressive performance given the difficult macroeconomic environment business in general has faced over the last 12 months,” said Ward. – TradeArabia News Service