Tuesday, February 3, 2015

SILA acquires controlling stake in Envocare Pest Control Services

SILA Solutions Pvt. Ltd., a fast growing company in the Real Estate services space has acquired 51% stake in Envocare Pest Control Services in a contract swap and cash deal. The move also marks SILA’s entry intothe fast growing B2C home services segment.
Commenting on the acquisition, Mr. SahilVora, Founder& Managing Director, SILA Solutions Pvt. Ltd, said, “As part of the unique contract swap and cash deal, we have transferred all existing SILA pest control contracts which were with multiple vendors to Envocare.For SILA, this is an efficient way to inorganically grow our service lines within facility management, and also allows us to cross-sell multiple services to create economies of scale.”
“The home services market in India is growing at a rapid pace and offers tremendous opportunities. The Envocare acquisition is a strategic move which marks our entry into the fast growing B2C home services segment. In addition to expanding our service offerings within facility management, we eagerly look forward to penetrate the B2C home services market with our wide range of services,” said Mr. RushabhVora, Co-founder&Director, SILA Solutions Pvt. Ltd.
Founded byDr.Shantanu Paul and DilipMurkute,Envocare caters to residential building, commercial spaces and infrastructure projects. Its elite clientele includes India’s largest amusement park -AdlabsImagica, Bhabha Atomic Research Centre; developers likePiramal Realty, Omkar, Raheja, Neelkanth and over 1000 homes as annual maintenance contracts