The new company, Faber Star Failities Management, will offer specialised healthcare facility management services. Malaysian facility management group will hold 51 per cent equity while Ansal Properties would command the rest.
"This venture will hep us add a completely new dimension of specialised facilities management services in the country," Chairman Sushil Ansal said.
The JV will commence operations in May this year and aims at a Rs 100 crore (Rs 1 billion) turnover in the next three to five years, he added.
Faber Group manages over 75 hospitals in Malaysia. The new company would combine the strengths of both the companies to provide its clients world class services, Faber Managing Director Norizah said.
The new entity would aim at utilising the global expertise of Faber to provide specialised and professional healthcare facility management services for the first time in India.
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