New Delhi, February 10 Real estate firm SILA has acquired a 100 per cent stake in SMS Integrated Facility Services Pvt Ltd from Samara Capital for an enterprise value of ₹270 crore to expand its business and increase revenue.
The acquisition was done in an all-cash deal, SILA said in a statement on Tuesday.
SILA is involved in facility management, food services, material handling equipment leasing, real estate advisory, and real estate development.
SMS has operations across India, serving over 500 clients, with a workforce of over 21,000.
Post-acquisition, SILA will operate in over 125 cities, with more than 50,000 employees.
"The company's revenue will exceed ₹2,000 crore," the statement said.
Rushabh Vora, Co-Founder & Managing Director, SILA, said, "This partnership will unlock meaningful cost and growth synergies, while enabling SILA to strengthen its service capabilities in specialized sectors such as healthcare and data centres."
SILA said it would continue to pursue steady growth through a combination of organic expansion and selective strategic acquisitions.
SILA raised institutional capital from Norwest in 2019. The company has also received investments from Piramal, JSW and Mahendra Singh Dhoni's family office, among others.