Mumbai, 27 February 2024: SILA, a Real Estate Platform with expertise in Real Estate Services and Development, estimates that it’s Services business will reach Rs. 1,000 Cr revenue run rate in 2024, providing employment to an additional 8,000 people.
Over the last decade, the company has scaled sustainability. It’s Facilities Management business services over 200 million sqft. of assets with over 22,000+ employees, pan India. In 2022, SILA acquired Forbes Facility Management further strengthening its Industrial services portfolio.
SILA manages projects across the Commercial, Industrial, Retail, Hospitality, and Residential sectors. In Mumbai, SILA offers its facility management service to over 50 residential buildings and more than 100 corporate buildings and tech parks. Some of its large clients include – Oberoi Realty, K Raheja Corp/Mindspace, Xander, Indospace Logistics Parks, Godrej, Piramal, JSW, CEAT and Tech Mahindra.
Commenting on the expansion plans, Rushabh Vora, Co-founder & MD, SILA, said, “SILA continues to maintain a healthy revenue CAGR of 30% and we expect to reach the Rs. 1,000cr revenue run rate this calendar year for our services business. Our focus on sustainability coupled by proprietary technology continues to differentiate us from other players in the market.”
The Facility Management services team at SILA, uses a combination of technology, well-engineered processes, and skilled human resources to efficiently manage spaces for their clients. The company has also built a proprietary technology platform, SILA Connect, to streamline their service delivery and operations.
About SILA
SILA, a real estate platform, started in 2010 by brothers Rushabh and Sahil Vora, is backed by Norwest Venture Partners and Samara Capital Group in their real estate services and development businesses, respectively.
SILA manages over 200 million sqft. of real estate, has advised on over Rs.16,000 Cr of real estate transactions for large global and domestic funds across India, and is acting as development manager for projects with gross development value of more than Rs 2,000 Cr in the Mumbai Metropolitan Region.
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