For 2019, Khatwani is projecting a 12% increase in revenues having earned a 7% net profit for the 2017 financial year. The 100-plus strong FM company that outsources a lot of its labour requirements has managed to get key contracts over the last 12 months. Reliance FM provides services to companies that include Magrabi UAE, Carribou Coffee Kuwait, Buckingham Gate London, etc. and the firm also recently signed a new franchise in the Middle East through its UK office.
The future is looking bright for Reliance FM as it’s close to finalising few large retail FM projects in Kuwait, some prime residential projects in the UK and other GCC countries which includes projects in the UAE as well. Khatwani is also ensuring the franchising model is adopted with two more in the works.