{"id":46316,"date":"2025-01-16T12:22:05","date_gmt":"2025-01-16T06:52:05","guid":{"rendered":"https:\/\/prevalentindia.in\/index.php\/2025\/01\/16\/supreme-facility-management-to-acquire-76-percentage-stake-in-two-companies-to-strengthen-southern-operations\/"},"modified":"2025-01-16T12:22:05","modified_gmt":"2025-01-16T06:52:05","slug":"supreme-facility-management-to-acquire-76-percentage-stake-in-two-companies-to-strengthen-southern-operations","status":"publish","type":"post","link":"https:\/\/prevalentindia.in\/index.php\/2025\/01\/16\/supreme-facility-management-to-acquire-76-percentage-stake-in-two-companies-to-strengthen-southern-operations\/","title":{"rendered":"Supreme Facility Management to Acquire 76 Percentage Stake in Two Companies to Strengthen Southern Operations"},"content":{"rendered":"<div>\n<div>\n<p><strong>Mumbai (Maharashtra) [India], January 16: <\/strong>Supreme Facility Management Limited (NSE \u2013 SFML),\u00a0a leading player in the facility management sector, is pleased to announce\u00a0that\u00a0it\u2019s\u00a0signed a\u00a0Non-Binding\u00a0MOU (Term Sheet) to\u00a0acquire a 76% stake in two companies,\u00a0Cleanway Management Systems\u00a0(India) Private Limited and Ashok Business Service India\u00a0Private\u00a0Limited\u00a0respectively.\u00a0This strategic move is set to bolster\u00a0Integrated Facility Management service offering of the Supreme\u00a0in the Southern\u00a0part of India, particularly\u00a0Karnataka, Tamil Nadu and Telangana, further consolidating its leadership in the region.<\/p>\n<p>Given the shared scope of work between Supreme Facility Management and the two companies, the integration process is expected to be seamless, creating significant mutual growth potential.<\/p>\n<p>Company\u00a0Cleanway Management\u00a0Systems (India) Private Limited and Ashok Business Service India Private Limited\u00a0reported a revenue of\u00a0\u20b940.36\u00a0crore\u00a0and\u00a0\u20b913.20 Crores in\u00a0FY24\u00a0respectively\u00a0. This strategic acquisition is set to foster seamless service integration and drive service expansion, unlocking operational synergies and elevating the value proposition\u00a0for\u00a0clients.<\/p>\n<p>Upon completion\u00a0of transaction (Subject to legal,\u00a0financial due diligence), Supreme Facility Management anticipates\u00a0to add asubstantial increase\u00a0to its current ongoing\u00a0revenue,\u00a0by additional\u00a0\u20b945\u2013\u20b950\u00a0Cr. This acquisition aligns with the company\u2019s long-term vision of delivering enhanced services to its clients while capturing a larger market share\u00a0in\u00a0key\u00a0regions.<\/p>\n<p><strong>Highlights:<\/strong><\/p>\n<p>Commenting on the development Amol Shingate, CEO of Supreme Facility Management Limited, said: \u201cThis acquisition is a pivotal step in our journey toward becoming the preferred partner for facility management solutions across India. By joining forces with Cleanway Management Systems Private Limited and Ashok Business Service India Private Limited, we are confident in our ability to deliver greater value to our clients while expanding our footprint in the dynamic markets of Karnataka, Tamil Nadu and Telangana\u201d.<\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], January 16: Supreme Facility Management Limited (NSE \u2013 SFML),\u00a0a leading player in the facility management<\/p>\n","protected":false},"author":1,"featured_media":46317,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[575],"class_list":["post-46316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/posts\/46316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/comments?post=46316"}],"version-history":[{"count":0,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/posts\/46316\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/media\/46317"}],"wp:attachment":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/media?parent=46316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/categories?post=46316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/tags?post=46316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}