How much money is needed to start a security agency, and where do you need to register it?

Security Agency: A security agency can be started with a low budget. A license and necessary registration under PSARA are required. Learn the complete process.

In today's world, people are increasingly focusing on starting their own businesses instead of working for others. If you are thinking of starting your own venture, a security agency can be a good option. It doesn't require a huge capital investment or involve much risk.

Due to increasing security needs, there is no shortage of work in the security agency sector. With proper planning, this business can provide you with a stable income. Starting a security agency doesn't require a large office space. You can even start it from a small room.

Initial expenses include office setup, furniture, computers, phones, and some necessary paperwork. Generally, you can start this business with a limited budget. Nowadays, almost every company, society, factory, and office needs security guards.

This is why the demand for security agencies remains consistently high. If you have properly trained guards, finding clients won't be difficult. This also allows you to employ others. Obtaining a license is mandatory to open a security agency.

This license is issued under the Private Security Agency Regulation Act 2005, also known as PSARA. Operating an agency without this license is illegal. Therefore, it is essential to complete this process before starting the business.

Before applying for the license, police verification is required. Additionally, you need to have a contract with a training institute certified by a state government for the training of security guards. All these documents must be submitted along with the application.

The license fee varies depending on the area. If you want to operate the agency in one district, the fee can be around Rs. 5000. For five districts, this fee can be approximately Rs. 10,000. To operate a security agency throughout the state, you may have to pay a license fee of around Rs. 25,000.