JLLM Wins Major Facilities Management Contract with Wipro
Enhancing Office Space Efficiency for Indian IT Giant
Jones Lang LaSalle Meghraj (JLLM), a leading real estate consulting company, has secured a significant contract with Wipro, one of India's largest information technology companies. The agreement entails managing Wipro's substantial office space spanning 2.3 million square feet across three key locations: Bengaluru, Mumbai, and Mysore.
Image: Auto Rickshaws, Bangalore India
About the Parties Involved
- Wipro: The third-largest exporter of IT services in India, with a global revenue of $2.5 billion in the last year.
- Jones Lang LaSalle: A global property consultant serving clients in over 60 countries from 750 locations worldwide, including 180 corporate offices. The firm boasts a portfolio of approximately 1.4 billion sq ft under its property and corporate facility management services.
Statement from JLLM
'Riding high on its recent successes with Indian corporates such as Max India Group and Lavasa (of HCC group), Jones Lang LaSalle’s Integrated Facilities Management India team has won a facilities management contract with another Indian corporate giant – Wipro Technologies.'
Market Insights
According to Yash Kapila, MD of Integrated Facilities Management at JLLM, “There is a vastly increasing demand for professional integrated facilities management services in India.” This partnership underscores the growing need for specialized facility management in the country's burgeoning corporate sector.
Industry Implications
The collaboration between two industry giants, JLLM and Wipro, signals a positive trend for the real estate and facilities management industry, highlighting the importance of professional services in optimizing corporate operations.