Hotline: 1800 102 2007
X
Search Business Opportunities
Dec, 05 2013

Sagar Ratna CEO resigns

Arvind Nair quits as promoter-investor conflict escalates.

Arvind Nair, CEO and Director, Sagar Ratna, a South Indian chain of restaurants has quit the chain as well as private equity partner fund, India Equity Partner (IEP) that operates the food brand as a tussle between the investor and the promoter.

According to a media report, Arvind nair, said, "I am exiting IEP and hence Sagar Ratna by December-end.”

Sagar Ratna is valued at close to Rs 200 crore. While IEP holds 75 percent stake in Sagar Ratna, Nair holds less than five percent and Jayram Banan, the chain's promoter and his family holds the remaining stake. Banan set up Sagar Ratna in 1986 in Delhi and subsequently, the chain has expanded to Haryana, Himachal Pradesh, Punjab, Rajasthan and UP.

Comment
Related opportunities
  • Quick Service Restaurants
    About: Burger Singh is into business of Fast Food Burger Chain..
    Locations looking for expansion New Delhi
    Establishment year 2014
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • About Us: Mahindra First Choice Wheels Ltd (MFCWL) is a part..
    Locations looking for expansion Maharashtra
    Establishment year 1999
    Franchising Launch Date 2003
    Investment size Rs. 30lac - 50lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai City Maharashtra
  • Casual dine Restaurants
    About: Established in 2009, Roti Aur Boti is a concept-based QSR..
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Ice creams & Yogurt Parlors
    About Us: The Pabrai Family has over 30 years of experience..
    Locations looking for expansion West Bengal
    Establishment year 2008
    Franchising Launch Date 2009
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater West Bengal
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