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Extensive Services of the Nirula's Corner House Franchise

by NIRULA'S CORNER HOUSE LTD.
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Navis Capital Partners and Samir Kuckreja have acquired 100 per cent of the Nirula's Corner House franchise from 30 June, 2000. Navis Capital Partners is based in Malaysia and is an 8 year old private equity fund. Currently, Navis manages $500 million in capital commitments and it is interested in various sectors such as food processing, hospitality, car rental, outdoor media and many more in eight countries across Asia.

Samir Kuckreja has been appointed as the Managing Director of the food and beverage franchise and he has completed a Hotel Management degree from Cornell University in the United States. He has more than 17 years of experience in the hotel and restaurant industry. The fast food franchise has plans to aggressively expand its restaurants, cake shops and ice cream parlours, across the nation, under the brand name of Nirula’s.

The Nirula's Corner House franchise was established in 1934, and it is currently a diversified group having a chain of waiter service restaurants, elegant business hotels, family style restaurants, pastry shops, ice cream parlours and food processing plants across India. This chain of the food and beverage franchise has more than 56 outlets operating in 5 states and it has been successfully catering to the Indian taste of over 50,000 guests, on a daily basis, for over 70 years. 31.05.2007

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L BLOCK, CONNAUGHT PLACE

NEW DELHI

110 001

Tel: 91 11 5151 7070

Fax: 91 11 2258 0795

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