Hotline: 1800 102 2007
Hotline: 1800 102 2007
Nov, 03 2015

Mirah Group to focus on growing Khandani Rajdhani

Mirah Group owned by Gaurav Goenka is in talks with potential partners to sell up to 49 per cent of its stake in food business.

Mirah Group to focus on growing Khandani Rajdhani

Mirah Group owned by Gaurav Goenka is in talks with potential partners to sell up to 49 per cent of its stake in food business. The company is planning to raise up to Rs 350 crore to focus on its growth and expansion. Mirah Hospitality has a bouquet of brands including Khandani Rajdhani, Cafe Mangii, Falafel and United Sports Bar & Grill.

"The funds will be used to expand the number of the outlets of our restaurants and also make strategic investments and tie-ups. We are also looking to bring some foreign brands into the country," said Goenka, without disclosing the potential investors.

The group has also invested in some of the top performing restaurant chains like Masala Library, Farzi Cafe, Smoke House Deli, Social and Mad Over Donuts.

According to Goenka, the company will focus more on Rajdhani and Falafel brands. "It's become a staple diet for Indians and since the format allows faster growth, we can have around 200 outlets in the country," added Goenka.

Formed in 1986, Mirah Group, the parent company of Mirah Hospitality, has interests in food and beverages, hospitality, travel, timeshare, real estate, insurance and entertainment. Mirah Group is also planning to take the number count to 120 over the next five years from 42 at present, with an investment of about Rs 150 crore.

Besides, the group, which also owns the midscale hotel chain Citrus Hotels and Resorts, plans to invest nearly Rs 200 crore to increase its hotel count to 40 over the next three years from 17 at present.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Hospital Related Medical Products
    About Us: PRESENTLY MANUFACTURER OF GEL PRODUCTS LIKE HOT/ COLD GEL..
    Locations looking for expansion Tamil nadu
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Quick Service Restaurants
    About Us: We are a boardgames cafe with an ever expanding library..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Others Food Service
    Watheen the name to reckon with in the dry fruits..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 30lac - 50lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • AVA Merchandising Solutions Pvt Ltd is India’s No.1 in-flight travel..
    Locations looking for expansion Haryana
    Establishment year 2009
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities