India among top 3 largest Colliers businesses in APAC
In India, Colliers planning to increase its women in the workforce by 15% year-on-year
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Mumbai: India is a crucial part of Colliers' global business growth strategy, as the country is currently the fifth largest economy in the world and is predicted to become a $5.4 trillion economy in the next few
years, moving into third place.
With more than 3,000 people working under the leadership of Colliers India Chairman & Managing Director, Sankey Prasad, Colliers India is now one of the top three largest Colliers businesses in the Asia Pacific region.
Taking to Bizz Buzz, John Kenny, CEO, Asia Pacific at Colliers, said, “Colliers is the fastest-growing public real estate services company in the world and over the past 10 years, the company has achieved 15
per cent compound annual growth. A level of growth greater than the rate of market growth. India is a crucial part of Colliers global business and offers a fantastic opportunity to accelerate our growth.”
The firm’s global leadership made its first visit to India after several years, led by Chief Executive Officer of Real Estate Services Global Chris McLernon and Chief Executive Officer Asia Pacific, John
Kenny, which reflects their trust in India’s growth story and potential. Since 2004, Colliers has achieved more than 15 per cent compound annual revenue growth, a level of growth greater than the rate of market growth. The company deployed a record $1 billion in acquisitions in 2022 to strengthen its businesses and has made several appointments to its Asia Pacific leadership bench in the last six months.
Colliers is committed to developing and investing in state-of-the-art technology solutions to streamline processes and facilitate improved decision-making. The company is also focused on building a diverse workforce, with a target of having 40 per cent female employees overall and in manager roles. In India, Colliers is planning to increase its women in the workforce by 15 per cent year on year.
With its ambitious growth aspirations and focus on innovation, Colliers is on track to meet its targets and strengthen its position as a market leader in India and the Asia Pacific region.
By the end of 2025, Colliers aspires to more than double its profitability from 2020, with at least 65 per cent of earnings coming from recurring revenues.
Sankey Prasad joined Colliers India as Managing Director in September 2019 following Colliers’ acquisition of a controlling interest in Synergy, India's leading project management services company, of which Sankey Prasad was founder and Chairman. Synergy is now merged with Colliers in India.
“Sankey plays a key role in driving Colliers’ growth strategy to build size and scale in India. This includes increasing headcount to meet client needs - this has been a focus for the team in India where we have doubled the size of our brokerage business in the last few years and we are now looking to do so in the other lines,” said Kenny.
Colliers has also pushed for a more diverse workforce, including better representation of women. Globally, Colliers is targeting to have 40 per cent female employees overall and in manager+ roles. Approximately 80 per cent of Colliers businesses in the Asia Pacific region already have achieved this target.
“We’ve made a conscious effort to have a balanced workforce. It’s important for the future of our business and also a fair reflection of the quality and standard of talent in this marketplace,” continued
Kenny.
“Fundamentally, our aim is to attract and retain quality talent, which will help us serve clients better and strengthen our position as a market leader in India and Asia Pacific more broadly.”
Sankey Prasad added, “Our workplace strategy prioritizes the health and wellbeing of our people; we function out of best-in-class offices that are conveniently located and equipped with new-age amenities. Our One BKC office in Mumbai has recently been awarded LEED Platinum status.”
