Nirula’s to further expand its presence

Nirula’s, one of the oldest restaurant chains with over 75 outlets is now planning to expand its footprint in seven to 10 cities across India. According to a company official, this expansion will be a mix of both company owned and franchised outlets.

At present, the company has operations in seven cities in India and is planning to add another 125 shops in different formats by the end of this fiscal year, thereby taking its count to 200. This will include around 80 Metro Express outlets in Delhi and 20 more ice cream parlours along with other formats.

To execute these expansion plans, the company would require Rs 15 crore, which will be raised through internal accruals, equity infusion, and debts. Moreover, the company has a successful franchise model and money will be raised in that way as well. Malaysia-based private equity firm, Navis Capital Partners, which is a major stake holder in Nirula's, will infuse equity for expansion.