+
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

Next Story
Infrastructure Urban

Revolt Motors Unveils ‘Azadi From Petrol’ Offer

To mark India’s 78th Independence Day, Revolt Motors, the country’s leading electric motorcycle brand, has introduced its special “Azadi From Petrol” offer, encouraging riders to break free from rising fuel costs and embrace smarter, sustainable mobility.Under this limited-period scheme, customers purchasing any Revolt electric motorcycle can enjoy benefits worth up to Rs 20 million. The package includes zero insurance fees, providing free coverage valued at up to Rs 7 million, along with cash savings of up to Rs 13 million.The initiative highlights Revolt’s mission to make electric ..

Next Story
Infrastructure Energy

Inox Green Signs 182 MW Wind O&M Deal

Inox Green Energy Services Ltd., one of India’s leading renewable energy operations and maintenance (O&M) providers, has signed an agreement with a major diversified Indian conglomerate for the comprehensive O&M of 182 MW of operational wind projects under its renewable energy division.Located across multiple sites in Western India, these projects are integrated with common infrastructure owned by Inox Green. The deal includes converting 82 MW of wind projects from limited-scope to comprehensive O&M, as well as renewing comprehensive O&M for another 100 MW well ahead of sched..

Next Story
Infrastructure Urban

MPL Q1 Profit Rises to Rs 144 Million

Manali Petrochemicals Limited (MPL), a leading petrochemical manufacturer and part of AM International, Singapore, has reported its unaudited consolidated financial results for the quarter ended 30 June 2025.The company posted a consolidated total income of Rs 2.43 billion for the quarter, up from Rs 2.38 billion in the preceding quarter ended 31 March 2025. Profit Before Tax (PBT) stood at Rs 200 million, compared to Rs 159 million in the previous quarter, while Profit After Tax (PAT) rose to Rs 144 million from Rs 108 million. For the full year ended 31 March 2025, MPL recorded a total incom..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?