The Rs 2,000-crore Sarda Group has taken over asset and facility management brand Talbot and Company in India at an undisclosed sum foraying into the real estate management segment.
Sarda Group Chairman Ghanshyam Sarda said, “We have acquired Talbot and Company which has roots in UK and this acquisition will help us to get headway in facility management services”.
He said, “We have to streamline Talbot’s services in keeping with current trends of globalization. The solutions we offer shall be tailored to meet specific requirements. Talbot will be providing a complete range of commercial real estate services including leasing, acquisition and facility management”.
At present, Talbot and Co has operates in Kolkata with employing about 50-60 people without any property. The Talbot brand is used in several countries, but managed under separate management.
He said the company would expand manpower to 1,000 and the annual turnover of Rs 300 crore in the next three to four years.
Sarda Group has interests in jute mills, chemical and IT business in USA. The IT company is primarily focused on marine software solutions to major liners.