Global facility management industry is going under a revolution driven by new-age technologies and innovative approaches to support other diverse sectors. According to a recent market report, global facility management services market stood at USD 1,314 billion in 2018 and is estimated to generate the revenue of around USD 2,127.4 billion by the year 2027, growing at a CAGR rate of nearly 5.5 % between 2019 and 2027. The credit for such promising growth of the industry should be given to the companies who have started adopting a proactive approach instead of reactive and focus on end-user experience rather than facility centric.
Playing an important role in driving this wave of growth and development is Tenon Group, a multinational Integrated Facilities Management company which offers facility management, security services, electronic surveillance and remote monitoring services. Founded by Major Manjit Rajain, who now spearheads it as Executive Chairman, the conglomerate has six corporations under its name- Tenon Facility Management India, Tenon Facility Management UK, Peregrine Guarding India, Peregrine Guarding Singapore, Rotopower, and Soteria. Being at the helm of the group, Major Manjit is now involved in drawing and strengthening the trajectory of company’s continuous and planned growth through acquisition and new business ventures. In an exclusive conversation with CEO Insights, Brigadier Rajan Oberoi, Global CEO, Tenon Group of Companies, walks us through Tenon’s journey, uncovering the inside story of how a small FM service provider turned out to be one of 100 Greatest Brands in Asia (2018) and Brand of the Decade (2019).