SILA buys Forbes Facility Services from Shapoorji Pallonji Group
Real Estate

SILA buys Forbes Facility Services from Shapoorji Pallonji Group

A real estate platform, SILA, has acquired Forbes Facility Services from the Shapoorji Pallonji Group in an all-cash contract.

With this purchase, SILA's facilities management services business will boost its presence in North India and broaden its service offerings, including catering.

SILA co-founder & CEO Rushabh Vora told the media that this contract would also support expanding our portfolio within the high-growth sectors of Industrial, Manufacturing & Warehousing across India.

The combined entity is anticipated to clock over Rs 600 crore in revenue this year and will be handling over 100 million sq ft of real estate, with over 15,000 employees across India, the company said.

The firm has been a Shapoorji Pallonji group which provided a rich background of policies, lineage, and support. With this agreement, the company now looks forward to collaborating with SILA, a progressive company that has risen rapidly, said Vinay Deshmukh, CEO of Forbes Facilities Services.

Over the last decade, SILA has increased at a compound annual growth rate (CAGR) of over 60%. SILA is confident of keeping a high-growth rate through organic and inorganic opportunities such as the agreement with Forbes facilities management.

SILA, a real estate platform initiated in 2010, is backed by Norwest Venture Partners and Samara Capital Group in their real estate services and development and asset management arms, respectively.

SILA has advised on over $1.5 billion of real estate transactions for large global and domestic budgets and served as development manager for projects with a gross development value of over Rs 15 billion in the Mumbai Metropolitan Region (MMR).

Image Source

Also read: Shapoorji Pallonji to raise $375 mn via luxurious realty properties

A real estate platform, SILA, has acquired Forbes Facility Services from the Shapoorji Pallonji Group in an all-cash contract. With this purchase, SILA's facilities management services business will boost its presence in North India and broaden its service offerings, including catering. SILA co-founder & CEO Rushabh Vora told the media that this contract would also support expanding our portfolio within the high-growth sectors of Industrial, Manufacturing & Warehousing across India. The combined entity is anticipated to clock over Rs 600 crore in revenue this year and will be handling over 100 million sq ft of real estate, with over 15,000 employees across India, the company said. The firm has been a Shapoorji Pallonji group which provided a rich background of policies, lineage, and support. With this agreement, the company now looks forward to collaborating with SILA, a progressive company that has risen rapidly, said Vinay Deshmukh, CEO of Forbes Facilities Services. Over the last decade, SILA has increased at a compound annual growth rate (CAGR) of over 60%. SILA is confident of keeping a high-growth rate through organic and inorganic opportunities such as the agreement with Forbes facilities management. SILA, a real estate platform initiated in 2010, is backed by Norwest Venture Partners and Samara Capital Group in their real estate services and development and asset management arms, respectively. SILA has advised on over $1.5 billion of real estate transactions for large global and domestic budgets and served as development manager for projects with a gross development value of over Rs 15 billion in the Mumbai Metropolitan Region (MMR). Image Source Also read: Shapoorji Pallonji to raise $375 mn via luxurious realty properties

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement