India is shifting from buying to leasing forklifts

31 Jul 2025 CW Team

- Rushabh Vora, Co-Founder and Managing Director, SILA

SILA, India’s leading real-estate platform, has forayed into electric material handling equipment (MHE) rental solutions through a strategic partnership with Nilkamal, marking its expansion into the manufacturing and warehousing sectors. With over 15 years of operational expertise, a workforce of 30,000+, including 1,000+ trained equipment operators and operations spanning 125+ cities, SILA is well-positioned to transform how Indian businesses approach logistics and equipment management. Founded in 2010 by brothers Rushabh and Sahil Vora, and backed by Norwest Venture Partners, SILA manages over 250 million sq ft and has advised on real-estate transactions worth over Rs 160 billion. Speaking to CW, Rushabh Vora, Co-Founder and Managing Director, shares the rationale behind the company’s move into EV MHE, how its operational strengths are being deployed, and where the business is headed next...

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