SILA Expands Nationwide with Acquisition of SMS Integrated Facility Services
New Delhi, Feb 10 (PTI) - Realty firm SILA has acquired a 100 per cent stake in SMS Integrated Facility Services Pvt Ltd from Samara Capital for Rs 270 crore enterprise value. This strategic move aims to expand SILA's business and grow its revenue.
The acquisition was completed in an all-cash deal, as announced by SILA in a statement. This significant acquisition will bolster SILA's capabilities and expand its reach in the Indian market.
SILA is a diversified company involved in facility management, food services, material handling equipment leasing, real estate advisory, and real estate development. The acquisition of SMS Integrated Facility Services will further strengthen SILA's position in these sectors.
SMS Integrated Facility Services has a robust pan-India presence, serving over 500 clients with a workforce of more than 21,000 employees. Post-acquisition, SILA will be operational in over 125 cities, with a combined workforce of more than 50,000 employees.
The company projects that its revenue will exceed Rs 2,000 crore following the deal. Rushabh Vora, Co-Founder & Managing Director of SILA, expressed optimism about the partnership. 'This partnership will unlock meaningful cost and growth synergies, while enabling SILA to strengthen its service capabilities in specialized sectors such as healthcare and data centers,' he said.
SILA has a history of strategic growth, having raised institutional capital from Norwest in 2019. The company has also received investments from prominent entities such as Piramal, JSW, and Mahendra Singh Dhoni's family office. SILA plans to continue its growth trajectory through a combination of organic expansion and selective strategic acquisitions.
This acquisition is a significant step towards SILA's goal of becoming a leading integrated facility management and real estate solutions provider in India. The company's diverse portfolio and strong market presence position it well to capitalize on the growing demand for high-quality facility management and real estate services across the country.
For more information on SILA and its services, visit their official website or contact their customer support for detailed inquiries.
