SILA purchases Forbes Facility Services from the Shapoorji Pallonji Group

Rushabh Vora, SILA's Co-Founder and CEO, announced that SILA purchased Forbes Facility Services from the Shapoorji Pallonji Group in an all-cash sale. SILA's facilities management services division will have a stronger foothold in North India as a result of this purchase. This year, the merged firm is likely to generate over Rs 600 crores in income. This transaction cost SILA Rs 42 crore. With over 100 million sq ft of real estate under management and 15,000+ workers across India, the merged company would be among the industry's largest Indian-owned service providers. The Co-Founder and CEO said that they are confident in cooperating to gain from synergies across regions and sectors. He said the experience of the new staff, along with their patented technology, SILA Connect, will allow them to grow quickly. Vora added that this transaction will help them extend their portfolio in India's high-growth industrial, manufacturing, and warehousing sectors. Vinay Deshmukh, CEO of Forbes Facilities Services, told the media that they have been a part of the Shapoorji Pallonji group, which offers a rich history of lineage, policy, and support. He said they commit to carrying forth the concept of Friend For Life for their clients and stakeholders as a direct descendent of Eureka Forbes. SILA has risen at a CAGR of over 60% during the previous decade. The company revealed that it would continue to develop at a rapid rate through organic and inorganic means. Image Source