A real estate platform, SILA has purchased Forbes Facility Services from the Shapoorji Pallonji Group in an all-cash deal, the company said in a media release.
SILA’s facilities management services division will boost its footprint in North India and expand its service offerings to include catering due to this acquisition.
Rushabh Vora, co-founder & CEO of SILA, said, “This deal will also help expand our portfolio within the high-growth sectors of Industrial, Manufacturing & Warehousing across India.”
According to the firm, the combined entity would generate over ₹600 crores in revenue this year and manage over 100 million sq ft of real estate with 15,000+ employees across India.
