Foodlink F&B plans to invest upto Rs 100 crore in Hyderabad food biz

Hyderabad: Luxury catering enterprise Foodlink F&B Holdings India on Tuesday announced its foray into Hyderabad market. It plans to invest Rs 70 crore to  Rs 100 crore across luxury catering, banquets and restaurants verticals to establish a presence here.

It was founded in 2003 from Mumbai and gradually expanded its footprint to Ahmedabad, Chandigarh, Delhi and now Hyderabad in India. Internationally, it is present in Antalya (Turkey), Dubai (UAE), and Milan (Italy). It has executed catering projects in over 25 countries across Asia Pacific, Europe, Middle East and Africa.

Foodlink has plans now to expand in South India starting with Hyderabad as the first city. Here, it will set up a full-fledged back-end infrastructure and production facility to strengthen its presence in the market.

“We chose the city of Hyderabad because it is the hub of trade and commerce leading to a lot of inbound and outbound MICE and grand weddings. We plan to invest close to Rs 70 crore to  Rs 100 crore over the coming few months across our luxury catering, banquets and restaurants verticals to establish a presence here.” said Sanjay Vazirani, chief executive officer, Foodlink F&B Holdings India.

Foodlink is setting up a 6,000 sq ft warehouse and a 9,000 sq ft of kitchen. It will have bulk food processing facilities, cold kitchens, bakery, cuisine-specific food production areas, cold rooms, vegetable processing centre, staff training facility, and offices.

“We see a significant opportunity in Hyderabad and we are optimistic that Foodlink will hold a solid market position. Hyderabad will be an important part of Foodlink’s growth story,” said Sanjay. It also handled many high profile events in Hyderabad.

The company has a combined capacity of over 10 lakh meals/day. It catered to events having 10,000 to 40,000 guests. Professional catering is a growing Industry in India with an estimated current size of Rs 20,000 crore and demonstrating a growth of around 25 to 30%, a release said.