Vidli Restaurants is planning to open food joints across Maharashtra

20 Jan

Company : Vidli Restaurants

Location : Maharashtra

Status:  Planning Stage

Vidli Restaurants is planning to open 8 food joints across Maharashtra. The company has floated IPO. The company currently runs 39 chain of restaurants (company operated/ franchisee operated) in Maharashtra, Rajasthan, Gujarat, Uttar Pradesh and Madhya Pradesh. Out of the total investment of Rs. 10.4 million, the company intends to utilize a sum of Rs. 10.3 million out of issue proceeds for setting up the new food joint/ outlets. Rs. 0.1 million has already been deployed through internal accruals, for establishing company-operated 8 new food joints in malls. The premises are planned to be taken on lease or on leave and license basis. The outlets will come up at : [sociallocker](1) Lodha, Palava (FY 2015-16) (2) Panvel (FY 2015-16) (3) Kurla, Mumbai (FY 2016-17) (4) Goregaon, Mumbai (FY 2016-17) (5) Navi Mumbai (FY 2016-17) (6) Thane (FY 2016-17) (7) Andheri (FY 2017-18) (8) Ghatkopar (FY 2017-18). The company is in discussion with malls in Lodha & Panvel to house the food joints.[/sociallocker]

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