Business services platform SILA raises $100M from Permira
The investment will enable SILA, which focuses on the real estate sector, to expand its operations and strengthen its technology capabilities.
Real-estate focused business services platform SILA has raised $100 million from global private equity firm Permira.
The investment will support SILA’s expansion across India as it strengthens its technology capabilities, expands adjacent service lines, and pursues growth opportunities.
Founded in 2010 by brothers Rushabh and Sahil Vora, Mumbai-headquartered SILA operates across 125+ cities in India, managing over 450 million square feet of real estate with a workforce exceeding 60,000.
The company delivers integrated, tech-enabled services spanning facility management, material handling, equipment leasing, food catering, and real estate advisory. It serves large corporate firms, funds, and developers across the full asset lifecycle.
“We are delighted to welcome Permira — a firm with deep global expertise in business services — as we enter our next phase of growth. Our focus is on leveraging technology to drive efficiency, transparency, and service quality at scale across India’s built environment. That is what brought us here, and what will define the decade ahead,” said SILA founders Rushabh and Sahil Vora in a joint statement.
SILA’s cross-sector expertise covers commercial, industrial, residential, retail, and hospitality assets. Its real estate development arm, SILA Estates, is currently developing over 1 million square feet of premium residential and commercial projects across Mumbai.
Permira Co-CEO and Co-Managing Partner Dipan Patel said, “India is creating a new generation of globally relevant, tech-enabled services companies — and SILA is among the most compelling we’ve seen.”
Founded in 1985, Permira is a global investment firm with total committed capital of €89 billion. The firm’s thematic investment approach focuses on the sectors of technology, consumer, healthcare and services.
The current and previous investments by Permira funds include Acuity Analytics, Kroll, Clearwater Analytics, Evelyn Partners, Hugo Boss, Valentino, Golden Goose, Zendesk, McAfee, Mimecast, Informatica, Genesys, Teraco, Urban Company, Adevinta and Squarespace.
Edited by Swetha Kannan