We would push up team strength to 6500: RM Hegde, promoter
Mumbai based Facility Management Services (FMS) provider, KHFM is planning to expand its clientele base in Mumbai primarily from the corporate segment. The Rs 25-crore company, which is one of the pioneers in integrated FMS sector and currently manages over 15 lakh sq ft of space plans to add another 5 lakh sq ft space by the end of the current fiscal year.
The ongoing client acquisition is primarily from the hospitality, retail and IT sector including key business parks. According to the company’s promoter, RM Hegde, the company hopes to command a major share of the organized facilities management services (FMS) market in Mumbai which is witnessing a fast track growth of over 35-40% annually. “The planned expansion would push up team strength to 6500 from the existing 5,000 employees," he added.
Mr Hegde further stated that the FMS sector which has been primarily a cottage industry for long is witnessing a tremendous upsurge with the growth of Realty sector in India. "The FMS growth story is primarily driven by the commercial property vertical which sees professional FMS as a key factor for its premium pricing," Mr Hegde added. The organised FMS sector in India today is around 150 million sq ft and the unorganised is estimated at one billion sq ft. Based on these figures, the market opportunity in India for this fast emerging vertical has been estimated at Rs 20,000 crore in the next two years. With more than 1,000 firms operating in the unorganized FMS segment, the organized sectors accounts for a mere 5 per cent market share including overseas firms. KHFM’s key clientele ranges from Tirimala Tirupati, Reliance Infotech Park; Hyderabad Airport, Union Bank, Bank Of India amongst others.
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