Casagrand PropCare sets big targets

Casagrand PropCare clocked a turnover of Rs 36 crore in the last fiscal and is growing at a CAGR of 140 per cent.

N Siva Sankar Reddy, Director, Casagrand PropCare said, “Casagrand PropCare with diversified presence is striking chord in the industry as one of the premier facility management players in south India. With revenue growing rapidly, Casagrand PropCare is set to hit the targeted Rs 150 cr turnover by 2019. We are aggressively scouting for inorganic growth by acquiring established facility management companies”. 

Casagrand PropCare, an integrated facility management company, headquartered in Chennai operates across South India in major metros such as Bengaluru, Hyderabad and Tier II cities like Coimbatore, Tada, Puducherry and Visakhapatnam with a spectrum of 16 different services. They fall within the bandwidth of facility management services, include housekeeping, security and other services. 

Arun M, CMD, Casagrand said, “The facility management industry is becoming one of the most sought-after industries for private equity players across the globe. PropCare has become more attractive to PE players.”