Saikripa Foods, operators of premium hospitality brands such as Ramada by Wyndham at Navi Mumbai and Citrus Classic at Bengaluru have acquired the restaurant businesses from Mirah Hospitality and Gourmet.
Accordingly, popular restaurant brands such as Rajdhani, Hitchki, and Bayroute will not be operated by Saikripa Foods.
Dinakara Shetty, Chairman and Managing Director of SKFS Private Ltd. said, “The acquisition of these iconic brands marks an important milestone in our journey to redefine dining experiences across India.
We look forward to integrating Rajdhani, Hitchki, and Bayroute into our portfolio and enhancing their unique offerings.”
Harish Shetty, Vice Chairman, added, “With our hospitality expertise, we’re committed to creating memorable experiences that resonate deeply with our customers and elevate these beloved brands to new heights.”
With over three decades of experience in managing and operating luxury 5-star hotels and resorts, SKFS will soon be opening Courtyard by Marriott in Lonavala.
Aji Nair, CEO of Mirah Hospitality and Gourmet Solutions Pvt. Ltd., added, “We are proud of the legacy that Rajdhani, Hitchki, and Bayroute have built over the years.
We believe that under SKFS’s leadership, these brands will continue to flourish and innovate, offering even greater experiences for our loyal customers.”
SKFS is also a pioneer in providing high-quality industrial and commercial hospitality services to a diverse clientele, including exclusive establishments, corporates, clubs, institutions, industries, and other entities across India.
Editor’s Note
The restaurant industry in India employs over 75 lakh people directly and is estimated to be INR 500,000 Cr. (USD 60 Bn). The food services business in India is expected to reach INR 12,00,000 Cr (USD 125 Bn) by 2030.
Among the organised sector in F&B services, Casual Dining Restaurants business contribute 48% of the total market followed by Quick Service Restaurants (QSR) which contribute 27%.
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