Mumbai (Maharashtra) [India], 19 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.
1. What Are Integrated Facility Management Services?
Facility management services refer to a comprehensive set of processes and tools aimed at maintaining and improving the functionality, safety, and efficiency of buildings and facilities. These services combine various operations to enhance the performance of physical spaces, ensuring they meet the needs of both occupants and property owners while promoting sustainability and seamless operations.
2. Key Components of Integrated Facility Management Services?
- Hard Services
- Soft Services
- Energy Management
- Space and Asset Management
- Technology Integration
- Security and Surveillance
- Compliance Management
- Workforce Management
3. What are the primary benefits of using Integrated Facility Management Services?
- Improved Efficiency
- Streamlined operations reduce downtime and optimize resource utilization.
- Cost Savings
- Preventive maintenance avoids costly repairs and energy-efficient solutions lower utility bills.
- Compliance Assurance
- Proper documentation and adherence to regulations reduce legal risks.
4. Who should consider adopting Integrated Facility Management Services?
Facility Management Solutions are ideal for:
- Commercial offices
- Residential complexes
- Industrial facilities
- Healthcare institutions
- Educational institutions
- Retail spaces
About SILA -
Founded in 2010, backed by Norwest Venture Partners, SILA is a real estate platform started by brothers, Rushabh and Sahil Vora. SILA manages over 250 million square feet of Real Estate across 125+ cities in India. The company has advised on real estate transactions worth over ₹16,000 Cr for global and domestic funds across India. The company’s service offerings include Facility Management, Material Handling Equipment, Real Estate Advisory, Food and Catering Services, and Real Estate Development.
About Author -
Aniket Sheth
The insightful content in this blog is curated by Aniket Sheth, our esteemed Senior Vice President of Operations. With an impressive professional journey spanning over 13 years, Aniket has held key positions at prestigious brands, showcasing his exceptional leadership skills.
Aniket’s educational background is marked by an MBA from Cornell University, which laid the foundation for his successful career. He began his professional journey at EY in New York, contributing significantly to enhancing and implementing engagements for Fortune 500 companies.
Aniket’s strategic acumen, proficiency in asset management, and forward-thinking innovation have been instrumental in helping companies streamline their operations and achieve substantial cost reductions. His wealth of experience brings a unique perspective to the world of facilities management, making his insights invaluable for businesses seeking operational excellence.
