Real Estate Services Firm SILA Secures USD 100 Mn from Permira

SILA, a real estate-focused business services platform, has raised USD 100 million from global private equity firm Permira to support its next phase of growth in India.

The Mumbai-headquartered firm aims to use the fresh funds to expand its presence across the country, strengthen technology capabilities, and explore adjacent service lines.

Founded in 2010 by brothers Rushabh and Sahil Vora, SILA operates in more than 125 cities, managing over 450 million square feet of real estate with a workforce of more than 60,000 employees.

SILA provides integrated and technology-enabled services, including facility management, material handling, equipment leasing, food catering, and real estate advisory. It caters to large corporates, funds, and developers across the entire lifecycle of real estate assets.

“We are delighted to welcome Permira — a firm with deep global expertise in business services — as we enter our next phase of growth,” said founders Rushabh and Sahil Vora in a joint statement. “Our focus is on leveraging technology to drive efficiency, transparency, and service quality at scale across India’s built environment.”

The company also operates SILA Estates, its development arm, which is currently working on over 1 million square feet of premium residential and commercial projects in Mumbai.

Permira highlighted India’s growing services sector as a key investment theme. “India is creating a new generation of globally relevant, tech-enabled services companies — and SILA is among the most compelling we’ve seen,” said Dipan Patel, Co-CEO and Co-Managing Partner at Permira.

Founded in 1985, Permira manages €89 billion in committed capital and invests across sectors including technology, consumer, healthcare, and services.