Permira Funds Invests $100 Million in Indian Business Services Platform SILA
SILA, a leading business services platform in India, has secured a significant investment of $100 million from funds advised by Permira, a global investment firm. This investment will propel SILA's nationwide expansion, enhancing its technology capabilities and expanding adjacent service lines.
- The investment will aid SILA's continued growth across India, with a focus on strengthening its technology foundation.
- Permira's investment will also support SILA in pursuing growth opportunities and expanding its service lines.
SILA, founded by brothers Rushabh and Sahil Vora, operates in over 125 cities across India, managing a vast portfolio of 450 million square feet of real estate with a workforce exceeding 60,000.
About SILA
- SILA delivers integrated, tech-enabled services across various sectors, including facility management, material handling equipment leasing, food catering, and real estate advisory.
- The company serves large corporates, funds, and developers across the full asset lifecycle.
"We built SILA with the belief that India's business services sector could produce a scaled, technology-led institution with the highest standards of delivery," said Rushabh and Sahil Vora, Founders of SILA.
"We are grateful to Norwest and other angel investors for their partnership over the years and for the conviction they showed in backing us early. We are delighted to welcome Permira — a firm with deep global expertise in business services — as we enter our next phase of growth,"
The investment highlights growing optimism among global institutional investors that India's business services sector presents a compelling, multi-decade opportunity across commercial, industrial, residential, and retail assets.