Supreme Facility Management to Acquire 76 Percentage Stake in Two Companies to Strengthen Southern Operations

Company Cleanway Management Systems (India) Private Limited and Ashok Business Service India Private Limited reported a revenue of ₹40.36 crore and ₹13.20 Crores in FY24 respectively . This strategic acquisition is set to foster seamless service integration and drive service expansion, unlocking operational synergies and elevating the value proposition for clients.

Upon completion of transaction (Subject to legal, financial due diligence), Supreme Facility Management anticipates to add asubstantial increase to its current ongoing revenue, by additional ₹45–₹50 Cr. This acquisition aligns with the company’s long-term vision of delivering enhanced services to its clients while capturing a larger market share in key regions.

Highlights:

Commenting on the development Amol Shingate, CEO of Supreme Facility Management Limited, said: “This 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”.

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