SILA, a market-leading business services platform in India, has announced a $100 million investment by funds advised by Permira, the global investment firm. The investment will support SILA’s continued expansion across India through strengthening its technology capabilities, expanding adjacent service lines and pursuing growth opportunities.
Dipan Patel, Co-Managing Partner and Co-CEO at Permira, said: “India is creating a new generation of globally relevant, tech-enabled services companies — and SILA is among the most compelling we’ve seen. We are grateful for the trust of Sahil and Rushabh and look forward to bringing our global pattern recognition, internal operator bench and international networks to this next chapter.”
Siddharth Narayan, Head of Asia, added: “SILA has built a leading market position, supported by deep client relationships, a strong culture, disciplined execution and a critical focus on technology. As thematic investors, Permira draws on four decades of experience and deep pattern recognition across sectors. The firm looks forward to bringing this experience to bear as SILA continues to innovate and expand its service offering going forward.”
Shiv Chaudhary, Managing Director, Norwest India: “It’s been a pleasure working with SILA since 2019. The company continues to innovate across service offerings. Norwest believes the journey for SILA is just beginning and will continue its partnership with SILA and Permira with a meaningful minority position.”
Founded by brothers Rushabh and Sahil Vora, SILA today 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 — serving 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. 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. 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 brothers Rushabh and Sahil Vora, Founders, SILA.
The investment reflects growing optimism among global institutional investors that India’s business services across commercial, industrial, residential, and retail assets represents a compelling, multi-decade opportunity.
