SILA’s Scale and Verticals: From Services to IPO-Ready Platform
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SILA currently functions as a diversified real estate platform that has large scale in services, an advisory division that is positioned strategically and a development business that is gradually growing. These verticals are all set to give a possible public listing in the nearest future.
Facility management: Crossing the ₹1,000 crore mark
The facility management business of SILA operates in a revenue run rate of approximately 1,000 crore in services portfolio because of constant growth rate of the same in the last 10 years.
- The company has more than 200 million sq. ft. real estate in India and deals with commercial, industrial, retail, hospitality and residential property.
- Having over 22,000-25,000 staff in 120+ cities, SILA has a pan-India services engine that integrates technology, processes and on-ground teams to operate complex portfolios at scale.
- This is a vertical that constitutes the operations backbone of the platform and is among the major revenue generators.
Advisory: Strategic insight engine
Though it is a smaller business in terms of topline, the real estate advisory business in SILA is disproportionately strategic.
- The site has consulted on over 16,000 crore transactions on the international and local funds in India.
- Advisory mandates provide new ideas in the development and services strategy of SILA and assist the company in realizing the flows of capital, expectations of investors, and new patterns of demand.
- The advisory vertical brings together capital, assets, and on-ground operations and serves as an intelligence layer to the whole group.
Development: Growing GDV pipeline
On the development side, SILA has been building a scalable but disciplined portfolio.
The company is also playing the role of development manager in the projects located in the Mumbai Metropolitan Region with gross development value (GDV) exceeding 22,000 crore with a pipeline that is continually growing.
This vertical leverages the services that the group offers, and its advisory capabilities in order to de-risk projects by executing it more effectively, understanding the tenants, and aligning capital. The development business is intended to generate its value in the long run as opposed to engaging in aggressive, speculative growth.
Looking ahead: On the path to IPO
With a CAGR of over 30-40% over the last ten years, SILA has been able to grow its services and advisory lines through institutional investors and new strategic capital, led by the head of squash, Sahil Vora.
The firm has stated that publicly, it intends to take its real estate services business publicly to IPO in the next few years to achieve further scale, brand presence, and access to capital markets.
Having a run rate of 1,000 crores-plus services, comprehensive advisory experience and a developing book of development, SILA is developing into a fully integrated, IPO-ready real estate service provider.
