Real estate consultant SILA group today said its monthly revenue from facility management business has increased to Rs 8 crore, and is likely to rake in a total of Rs 120 crore from this segment in the current fiscal.
The Mumbai-based firm commenced operations in 2010 as an integrated facility management company, but later ventured into project and construction management as well as real estate advisory and consulting services businesses.
The company is promoted by Sahil Vora, who is founder and MD, and Rushabh Vora, who is co-founder and director.
"Our facility management business is doing very well. We currently have around 33 million sq ft of area under the facility management. The monthly revenue has already increased to Rs 8 crore from an average Rs 5.5 crore last fiscal," Rushabh Vora told PTI.
He said the revenue from facility management could touch Rs 120 crore this fiscal from Rs 65 crore in the previous year.
Vora said the facility management division contributed about 70-75 per cent of the company's total revenue during 2017-18 financial year.
More From This Section
SILA has operations in 50 cities across 10 states with an employee strength of 4,500.
Industrial and warehousing space constitutes majority of the 33 million sq ft area manage by the company.
Under the facility management, the company provides various services including housekeeping, security, and mechanical electrical and plumbing (MEP) maintenance.
Vora said the company has invested a lot in technology to achieve significant operational efficiency and value-creation for clients.
He said the company's operating margins are 30-40 per cent higher than competing facility management operators.
Some of the big clients are -- J&K Bank, Mumbai International Airport (T2), ICICI Lombard, Adlabs Imagica, WeWork, Tata Sons, Piramal Enterprises, Hikal Lifesciences, Deltin Hotels, Polycab, Embassy, Featherlite Developers, HDFC and Ahuja Towers.
In the facility management space, SILA competes with global companies like JLL India, CBRE India, Knight Frank, Cushman & Wakefield, Colliers International, OCS India, Sodexo and ISS Facility Services as well as domestic firms such as Quess Corp and SIS India.
In 2015, SILA invested in Envocare Pest Control and launched an on-demand services vertical called 'Mr Homecare'.
Disclaimer: No Business Standard Journalist was involved in creation of this content
