Haldiram's goes overseas

Haldiram's very recently announced it will take its restaurant business overseas, starting with UK this year. It plans to have at least three restaurants in the overseas market within a couple of years. “We have acquired some land and a warehouse in UK and have already applied for statutory approval to open the first restaurant there. It should be operational by end of this year,” says Manoharlal Agarwal Chairman and MD at Haldiram’s. He said the company is also exploring opportunities in countries like the USA, Canada, Fiji and Mauritius.

The Rs 1,200 crore company has 28 restaurants in the domestic market with an average size of 5,000 sq ft. Its outlets in the international markets will maintain the same format, Agarwal sai