Sarda Group Acquires Talbot & Company, Entering Real Estate Management
The Sarda Group, a Rs 2,000-crore conglomerate, has entered the real estate management sector by acquiring the asset and facility management brand, Talbot and Company, in India for an undisclosed amount. This strategic move marks the group's diversification into a new segment.
Chairman's Vision for Integration and Growth
"We have acquired Talbot and Company, a brand with roots in the UK," stated Sarda Group Chairman Ghanshyam Sarda. "This acquisition will provide us with a significant advantage in facility management services." He further elaborated on the group's plans, stating, "We must adapt Talbot's services to align with the prevailing trends of globalization. Our solutions will be customized to cater to the unique needs of each client. Talbot will provide comprehensive commercial real estate services, encompassing leasing, acquisitions, and dedicated facility management."
Talbot's Current Presence and Future Expansion
Currently, Talbot and Co. operates solely in Kolkata, employing approximately 50 to 60 individuals. The company does not possess any property holdings. While the Talbot brand is utilized across various countries, each entity functions under autonomous management. The chairman also outlined ambitious expansion plans, aiming to augment the workforce to 1,000 employees and achieve an annual turnover of Rs 300 crore within the next three to four years.
Sarda Group's Diverse Business Portfolio
The Sarda Group maintains a diverse business portfolio, including interests in jute mills, chemical manufacturing, and an IT company located in the USA. This IT venture concentrates on developing sophisticated marine software solutions for prominent shipping liners. This acquisition further expands its portfolio and footprints in another domain.