SILA Raises $100M from Permira for India Expansion
Permira executives discuss real estate investment with partners in a modern office overlooking a city.
Key Highlights
SILA, a real estate services platform, receives $100M investment from Permira to fuel expansion, enhance tech, and broaden services across India.
SILA, a business services platform specializing in the real estate sector, has announced a $100 million investment from global private equity firm Permira. This funding is set to propel SILA’s expansion throughout India, strengthen its technological infrastructure, broaden its service offerings, and pursue strategic growth opportunities.
Founded in 2010 by brothers Rushabh and Sahil Vora, SILA manages over 450 million square feet of real estate across more than 125 cities in India. The company employs a workforce exceeding 60,000 individuals and delivers integrated, tech-enabled services covering facility management, material handling, equipment leasing, food catering, and real estate advisory. SILA caters to large corporate firms, funds, and developers throughout the entire asset lifecycle.
In a joint statement, SILA founders Rushabh and Sahil Vora expressed their enthusiasm, stating, “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.”
SILA’s expertise spans commercial, industrial, residential, retail, and hospitality assets. Its real estate development arm, SILA Estates, is currently engaged in developing over 1 million square feet of premium residential and commercial projects across Mumbai.
Dipan Patel, Co-CEO and Co-Managing Partner at Permira, commented, “India is creating a new generation of globally relevant, tech-enabled services companies — and SILA is among the most compelling we’ve seen.”
Permira, established in 1985, is a global investment firm managing a total committed capital of €89 billion. The firm’s investment strategy focuses on technology, consumer, healthcare, and services sectors. Permira’s investment portfolio includes companies such as Acuity Analytics, Kroll, Clearwater Analytics, Evelyn Partners, Hugo Boss, Valentino, Golden Goose, Zendesk, McAfee, Mimecast, Informatica, Genesys, Teraco, Urban Company, Adevinta, and Squarespace.