India, which currently has the fifth-largest economy in the world and is expected to grow to a $5.4 trillion economy in the coming years, will become the third-largest economy in the world, according to Colliers India Chairman and Managing Director Sankey Prasad. In APAC, India is one of the top three Colliers businesses.
The corporation is concentrating on India, where project management is still a significant area for development, while it pursues further high-value acquisitions throughout the Asia-Pacific region.
“Colliers have increased dramatically in India during the past three years. As a market leader in India and the Asia-Pacific area, we are on course to accomplish our goals, according to Prasad.
He continued by saying that the hiring of numerous top business executives has given us the opportunity to push boundaries and steer the company into the future. We have introduced micro-specializations like data centers and ESG services in addition to our lucrative business lines like capital markets, investment services, and project management.
With a goal of having 40% female employees overall and in manager roles, Colliers is also developing a diverse workforce. Colliers intends to add 15% more women to their workforce each year in India.
“We have worked hard to establish a balanced staff. It’s crucial for the future of our company and a fair representation of the caliber of personnel in this region, according to John Kenny, Colliers’ chief executive officer for Asia Pacific. Chris McLernon, Chief Executive Officer, of Global Real Estate Services, was with him in the nation.
In order to enhance its companies, the firm invested a record $1 billion in acquisitions in 2022, and during the past six months, it has added a number of new executives to its Asia Pacific leadership bench.
As Managing Director of Occupier Services for Asia Pacific, Mike Davis, who has 20 years of leadership experience in commercial real estate roles throughout the globe, joined Colliers in February. The business named Chris Pilgrim as Managing Director of Global Capital Markets for Asia Pacific in November 2022.
In September 2019, Prasad joined Colliers India as Managing Director after Colliers acquired a majority stake in Synergy, the nation’s top provider of project management services, of which he served as Chairman and Founder. In India, Synergy and Colliers have just amalgamated.
Colliers hopes to increase its profitability from 2020 to the end of 2025, with at least 65% of profits coming from recurring sources.
Along with strengthening its engineering, design, and project management businesses through acquisitions in the US, Australia, and the UK, Colliers has also increased its long-term and recurring income sources.
Sankey Prasad continued, “Our workplace, Colliers, is one of the largest, most diverse, and fastest-growing worldwide real estate services and investment management organizations, with $4.5 billion in yearly revenues. Since 2004, Colliers international group Inc. has outperformed the market growth rate with a compound annual revenue growth rate of over 15%.
