New Venture to Address Growing Demand in India for Specialized Real Property Title Solutions
July 8, 2021 – Securitas Global Risk Solutions, LLC, (“Securitas”) a specialty credit and political risk insurance brokerage based in Wayne, Pennsylvania announces the launch of Securitas Global, LLC (“Securitas India”), a new corporate initiative to offer land title solutions, cross border investment protection, and land portfolio management specifically for the Indian market. Expanding on Securitas’ long-standing record of helping clients manage their credit and political risk needs locally and internationally, Securitas India furthers the mission by providing title and political risk solutions for a range of Indian and international clients including:
- International and local developers
- Mortgage lenders in India
- Insurers and international re-insurers
- Private equity funds and foreign direct investment
- Development Finance Institutions (DFI) and Export Credit Agencies (ECA)
Why Securitas India? With nearly 10 million people in India migrating to cities each year, India’s current land titling system does not support the surging growth. This is an impediment to new investment, and lacks consistency, transparency and security. India’s backlog of land disputes has put many major infrastructure projects on hold and stifled the country’s economic potential. A recent article in Bloomberg notes that the Indian government is working to reform the land titling system through a model bill that will guarantee the accuracy of land titles, require states to computerize land records, and establish tribunals to resolve the backlog of land disputes within three years. Land titling reform carries the potential for an investment boom and considerable job growth.
“India’s real estate market is set to grow by nearly $800 billion this decade. There is a clear need for the quality risk and titling services Securitas India can provide to facilitate investment and business certainty in India.”
-Shekar Narasimhan, Co-Founder
As land transactions increase in the coming years, Securitas India will provide solutions to support the dynamic real estate sector via tailored insurance products, project monitoring and transaction management. Our expertise and client specific solutions will increase investor confidence and de-risk all aspects of the real estate finance and development continuum. Our team of professionals in the United States and India, brings over 100 years of experience in title surety, risk cover and real estate transaction monitoring and management.
For more information or to set up a consultation, contact Securitas at 484.595.0100 or at https://www.securitasglobal.com/contact-us/
Since 2004, Securitas Global Risk Solutions (“Securitas”) has helped clients worldwide develop credit and political risk transfer solutions that provides value on numerous levels. As an independent trade credit and political risk insurance brokerage, Securitas is focused on developing comprehensive solutions that meet the needs of clients, ensuring complete understanding of policy wording and delivering excellent responsive service.
Trimble is transforming the way the world works by delivering products and services that connect the physical and digital worlds. Core technologies in positioning, modeling, connectivity and data analytics enable customers to improve productivity, quality, safety and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble software, hardware and services are transforming industries such as agriculture, automotive, construction, geospatial and transportation. For more information about Trimble (NASDAQ: TRMB), visit: www.trimble.com.
About Trimble Land Administration
Trimble’s Land Administration solutions automate and integrate land registries, cadastral mapping, and the permitting and licensing of land for surveyors, governments, and businesses worldwide. Through the integration of a broad portfolio of technologies with workflow management tools, and consulting services, Trimble provides a fully configurable, scalable solution to help drive the efficient administration of land and its associated transactions, rights, and agreements.
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