Khandani Rajdhani, a chain of restaurants that serves Rajasthani and Gujarati cuisine and is the flagship brand of Mirah Hospitality, is planning to invest Rs 30 crore in the current financial year for expansion in India and overseas.
Meanwhile, it announced the launch of its 37th outlet in Chandigarh. The company is looking to increase to 50 outlets across India from 37 at present, besides opening new ones in Dubai and Singapore.
Speaking to Business Standard, Aji Nair, vice-president, food and beverages division, Mirah Hospitality, said, "As far financials are concerned, in the last fiscal, Rajdhani's turnover was Rs 65 crore. In the current fiscal, we hope to touch Rs 85 crore." It already has outlet in Oman.
Nair added, "The number of outlets would touch 50 by the end of this fiscal year from 37 at present. We have aggressive expansion plans and are concentrating on tier-I and tier-II cities which include New Delhi, Mumbai, Kolkata, Hyderabad,Chennai, Ludhiana and Amritsar in Punjab."
It also plans to have two outlets in Dubai and Singapore. With one outlet already in Oman, it would have three international outlets.
Rajdhani has restaurants in Bangalore, Bhopal, Chandigarh, Chennai, Coimbatore, Delhi, Ghaziabad, Gurgaon, Hyderabad, Indore, Kolkata, Mumbai, Pune, etc.
On being asked about the investment, Nair said, " We are planning to pump in Rs 30 crore to fund our expansion plans. As far financials are concerned, in the last fiscal, Rajdhani's turnover was Rs 65 crore. In the current fiscal, we hope to touch Rs 85 crore."
