CasagrandPropCare eyes Rs.150 crore by 2019


Chennai, October 11, 2017: CasagrandPropCare Private limited, Premier facility management arm of Casagrand Builder Private limitedis looking forward to be a 150 crore company by 2019.
Casagrand PropCare, an integrated facility management company head quartered in Chennai is operating across South India in major metros Chennai, Bengaluru, Hyderabad and tier II cities like Coimbatore, Tada, Puducherry and Vishakhapatnam with a spectrum of 16 different services within the bandwidth of facility management Services to provide an comprehensive solution to its customers right from Housekeeping services, Security services, Technical maintenance service, waste management, Business support services, production support services for Industrial requirements and Horticulture &Landscaping services.
Casagrand PropCare had clocked a turnover of Rs 36 crores in the last fiscal year and is growing at a CAGR of 140%.Director of Casagrand PropCare Mr. N. Siva Sankar Reddy said that “Casagrand PropCare with diversified presence is striking chord in the industry as one of the premier facility management player in south India. With an increase in employee strength from 500 to 4000 in last 24 months and revenue growing rapidly, Casagrand PropCare is also set to hit the targeted 150cr turnover by 2019. We are aggressively scouting for inorganic growth by acquiring established facility Management Companies”.
Chairman and Managing Director of Casagrand Mr. Arun. Mn said “Facility management industry is becoming one of the most sought industry for Private EquityPlayers across globe and with the backup of parent company Casagrand Builder Private limitedwith a turnover of Rs.1000 Crore in real estate, Casagrand PropCare has become more attractive to PE Players and Casagrand PropCare has already in talks with leading PE players to partner with them on long term”.

Casagrand PropCare in addition to regular Facility management service also bundles specialized Cleaning services (Deep Cleaning Service) in their service portfolio which includes Façade cleaning and High level cleaning at Multi-storey buildings and Industrial zones and Marble polishing, Granite polishing, Carpet shampooing etc. and Casagrand PropCare also exhibits any MEP and civil retrofits as a core engineering background company.
In this journey so far, Casagrand PropCare were able to acquire some of the leading multinational brands from different industries including IT/ITES, Manufacturing, Logistics, Banking and Financial service, Health Care and Hospitality and major Tech Parks and Industrial parks, managing 15 Million sq feet.

Wednesday, October 11, 2017