Hotline: 1800 102 2007
X
Search Business Opportunities
Sep, 18 2013

Bikanervala Plans to Expand

The packed snack chain brand to to invest Rs 250 crore by FY\'16 on expansion.

Food and packed snack chain Bikanervala plans to invest up to Rs 250 crore over three years to open more restaurants and increasing production capacity. 

Mr. Suresh Goel, CEO, Bikanervala Foods Pvt Ltd said "We are expanding very fast and we will invest up to Rs 250 crore by 2015-15 to increase our production capacity and to open our restaurants.” 

The company will invest up to Rs 150 crore adding 60 new restaurants; it already has 40 restaurants in India, spread across north India, Ahmedabad and Hyderabad.  While the rest, Rs 100 crore, will be used at a plant in Haryana. It will also set up a new plant that is expected to come up in Greater Noida. 

Mr. Goel further added "Now we plan to open our restaurants in other parts of the country. Currently, we are mostly operating in north India. New restaurants will be mix of company owned and franchised outlets. Every year we will add 10-12 new restaurants." 

The company is targeting up to 30 per cent growth in the turnover of its packed food division and up to 15 per cent growth in restaurant turnover. 

Bikanervala is also looking at ramping up export earnings to 25 per cent of the total sales by FY'16. At present, exports account for about 15 per cent of overall sales looking at new export markets, such as the neighbouring as well as South East Asian countries. It exports its packed foods to 70 countries. 

Bikanervala is also upbeat about upcoming festive season. It is targeting up to 40 per cent of its annual turnover from the festive season sales. It is coming out with 17 'Diwali' gift packs ranging from Rs 120 to Rs 670.

Comment
image
Related opportunities
  • Preschools
    About Us: Established in 2005, Humming buds is the first ISO..
    Locations looking for expansion Delhi
    Establishment year 2005
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 2130
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Kids & Infant Products
    About Us: Smartspeak is a technological innovation by TransLife Pvt.Ltd, Established..
    Locations looking for expansion New Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Quick Service Restaurants
    About Chai GaramWe serve our tea the way Indians like..
    Locations looking for expansion New Delhi
    Establishment year 2008
    Franchising Launch Date 2009
    Investment size Rs. 10lac - 20lac
    Space required 60 - 400 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  • Others Food Service
    About Us: Launched in 2015, YoMama is a chain of cafes..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities