Trimex Foods is ready to divest a minority stake in its thriving business, which proudly showcases beloved brands like Chili's Grill & Bar and Cinnabon across India. With EY steering the sale, discussions are underway with private equity funds and family offices to attract potential investors.

Trimex Foods in talks to sell minority stake at ₹ 800cr valuation

Trimex Foods Set to Divest Minority Stake in Thriving Business

Trimex Foods, a leading player in the Indian food industry, is gearing up to divest a minority stake in its thriving business. The company, which operates popular cafe and restaurant brands such as Chili's Grill & Bar, Cinnabon, and Paul Bakery across India, has mandated EY to facilitate the sale.

Key Highlights

Trimex Foods is in talks with private equity funds and family offices to attract potential investors.
The company is expected to be valued at ₹700-800 crore, according to sources.
Trimex Foods has a footprint of over 50 outlets and reported a revenue of ₹206 crore for 2023-24.
The company aims to scale its operations to 200-plus outlets by 2030.

About Trimex Foods

Trimex Foods was founded in 2019 and has a workforce of approximately 1,800 employees across its operations in India and Sri Lanka. The company holds the expansion and development rights for Chili's Grill & Bar in India, Sri Lanka, and Bangladesh.

Expansion Plans

Trimex Foods is in a major expansion phase and aims to fuel its growth through strategic partnerships and investments. The company plans to use the fresh capital to fund expansion and accelerate its market dominance.

Industry Trends

The Indian food industry is witnessing a surge in investments, with cafes, dessert chains, packaged foods, and casual dining being among the hottest sectors being wooed by investors currently.

Background

Trimex Foods' owner, Robby Gulri, and his brother Manpreet Gulri, who is one of the largest franchisees of Subway in India, have been instrumental in growing the company's presence in the Indian market.