Norwest Venture Partners-backed real estate and business services platform SILA has acquired a 100% stake in SMS Integrated Facility Services from private equity firm Samara Capital in an all-cash transaction valued at Rs 270 crore on an enterprise value basis.
The acquisition is part of SILA’s strategy to build a scaled, technology-led business services platform with long-term client partnerships. With the transaction, SILA aims to expand its footprint in the outsourced facility management segment.
SMS Integrated Facility Services operates across India, has over 500 clients and employs over 21,000 people. Following the acquisition, SILA will be present in over 125 cities with a workforce exceeding 50,000 employees.
The combined entity is expected to generate revenue of more than Rs 2,000 crore across facility management, food services, material handling equipment leasing and real estate advisory businesses.
“The SMS team has done an exceptional job over the past few years in transforming the business and establishing it as a leading service provider in the sector. We are looking forward to this partnership, which meaningfully advances our goal of building a fundamentally strong business services platform,” said Rushabh Vora, co-founder & MD, SILA.
He added that the transaction is expected to unlock cost and growth synergies and strengthen the company’s service capabilities in specialised sectors such as healthcare and data centres.
Tarun Ramrakhiani, chief executive officer of SMS, said the partnership would enhance operational scale and analytical capabilities. “Both organisations share a people-first culture and a strong bias towards problem-solving and innovation. Together, we will continue to elevate the service experience our clients rely on,” he said.
SILA will continue to pursue growth through a mix of organic expansion and selective strategic acquisitions, similar to its purchase of the food services business from the Shapoorji Pallonji Group in 2022, Vora added.
Founded in 2010 by brothers Rushabh and Sahil Vora, SILA has attracted institutional capital from Norwest and investments from Piramal, JSW and the family office of cricketer Mahendra Singh Dhoni, among others.
The company operates multiple verticals including facility management, food services, material handling equipment leasing, real estate advisory and a Mumbai Metropolitan Region-focused real estate development business.
India’s commercial real estate expansion is increasingly driving demand for organised facility management services as occupiers shift from owning operations to outsourcing them.
With Grade A office stock expanding across key cities, landlords and multinational tenants are prioritising service quality, ESG reporting and workplace experience, pushing the sector from manpower-led housekeeping to technology-enabled integrated facilities management.
As a result, organised players are scaling rapidly through acquisitions and platform building, turning facility management into a core infrastructure layer supporting India’s modern commercial real estate ecosystem.
