SILA, an ISO 9001:2008 certified Property Management Company, began operations in April 2010 as a derivative of the Infrastructure/Real estate space. Since its inception, SILA today has more than 500 employees, growing their top line at 250% year on year. SILA has three major verticals - Facility Management, Project Management and related Technologies, helping deliver Real Estate and Infrastructure Solutions. Headquartered in Mumbai, the company is present across 20 cities."At SILA, we constantly look for innovative ways to add value to our services and motivate our employees. We have come up with pioneering initiatives and programs in order to facilitate our growth,” says Sahil Vora, Founder and Managing Director.
SILA was started by Sahil and Rushabh Vora (Director and Head of Operations); with seed funding from Rohan Lifescape, a Real Estate developer in Mumbai. As all the 3 divisions of SILA – Facility Management, Project management and related technology are revenue generating and profitable, they don’t see a need for further funding. “We typically add 1 or 2 sites a month – growing our top line at around 30% per month over the last two years,” adds Sahil about their growing revenues.
Prior to the creation of SILA, Sahil worked as a financial analyst at George Weiss Associates, a USD 10 billion hedge fund inNew York,USA. Preceding George Weiss Associates, he has held positions at UBS Financial Services, Morgan Stanley, and has also promoted CRI Consultancy, a Corporate Entertainment company. Rushabh heads the operations at SILA. Having graduated as a Bachelor of Arts in Economics & Chinese fromTrinity College,USA, Rushabh has worked in the Investment Banking Division at UBS Investment Bank, Lazard and BGC Cantor Fitzgerald.
SILA is targeting a USD 6 billion market. “Project Management is hard to gauge but the market for Facility Management is around USD 6 billion per year and is growing at a rate of 10 to 15% per annum. However, two-thirds of the unorganized sector is dominant – that trend is changing positively in favor of the organized players like us,” says Sahil.“TheIndia real estate sector, pegged at US $ 12 billion and growing at about 30% per annum, is an engine of the nation’s growth—contributing around 8% to GDP. It is the second largest employer (next only to agriculture), expecting to generate 2.5 million employment opportunities per annum. The infrastructure sector is much larger and more diversified - $1 trillion is the number the industry is looking at, as investment in the 12th five year plan,” he adds, about the market prospects.
SILA’s clientele includes companies like Piramal Healthcare Limited, Piramal Realty Limited, Trident-BKC, Supreme Infrastructure Limited, Orbit Corporation Limited, The Ruby, Metro House, BMB Gallery – Yash Birla Group, Tara Jewels Limited, Skoda, Autobahn, KPMG, Shapoorji Palonji, etc.
“We are still at a nascent stage – and have a lot of learning to do and lots of opportunities to explore. However, the focus is on processes and quality improvement. In the next 5 years, we see SILA building business verticals to complement India’s growing economy. We like to believe that we are running a marathon and not a 100 m race,” concludes Sahil.
For more on SILA, visit their website here.