Today on our podcast, we have a millennial and a very successful entrepreneur, Rushabh Vora in conversation with our host Ashutosh Garg. Rushabh is the Co-founder of a real estate development company called SILA and he’s here to share his journey with us. Apart from being an entrepreneur, Rushabh is also a sports enthusiast and has played squash internationally for India. In the interview, Rushabh tells us about his company SILA and how it has expanded over 75 cities all over India, from Leh Ladakh to the South to the North-Eastern parts of the country. He discusses in detail the current real estate market in India and how SILA is changing the real estate business in the country. He gives his insights into the changes in the market after the pandemic. Rushabh tells us that transparency, honesty, and proactiveness is the key to be successful for any business. He also enlightens us on the pricing of commercial and residential real estate after the pandemic was hit. In the final section, Rushabh advises young startup entrepreneurs from his own experience. Tune in to find more!
Rushabh Vora, Co-Founder of SILA
SILA is a Real Estate Services company driven by an entrepreneurial spirit. Over the last few years, SILA has efficiently scaled to become one of the fastest-growing Real Estate Services companies in India, managing over 30 million sq. ft. assets with 6000+ employees. SILA provides Facility Management, Project Management and Turnkey Interior Contracting to various asset classes within Real Estate, and has a diverse client base of large Corporates, Capital providers and Developers. In April 2019, SILA ventured into Real Estate Development backed by Samara Capital Group, with a Mumbai Metropolitan Region (MMR) focus. The Brownfield development strategy is to align with NBFCs/Funds and solution provide on stressed situations within their portfolios. SILA is currently developing two projects in the MMR. In August 2019, Norwest Venture Partners (NVP) bought a significant minority stake in SILA’s Real Estate Services business. SILA has the infrastructure in place to be a market leader and to deliver high quality services at scale. Some of the key differentiators of SILA’s business model,
- Early adopters of technology – SILA has built tailored tech for our backend operations and front-end service delivery. The company started investing in tech early in the business lifecycle, which has made implementation feasible
- Fully integrated model – recruitment, training, payroll, and compliance all done inhouse. We the minimize the reliance on outsourced vendors to provide compliance and quality service delivery
- Entrepreneurial focus, core business – unlike most of our larger competitors where the Facility Management and Projects divisions are not the profit drivers in their overall business model; this is SILA’s core business and management time and bandwidth is spent on continuous improvement