Westlife Foodworld

Westlife Foodworld Limited
Company typePublic
BSE: 505533
NSE: WESTLIFE
ISININE274F01020
IndustryRestaurants
Founded30 October 1982; 42 years ago (1982-10-30)
HeadquartersTower 3, Indiabulls Finance Center, Senapati Bapat Marg, Elphinstone Road,
Mumbai, Maharashtra
,
India[1]
Number of locations
305 outlets[2] (October 2021)
Areas served
Key people
Amit Jatia (Chaiperson)[3]
Brands
ServicesMaster franchisee for McDonald's in western and southern India
RevenueIncrease ₹2,259 crore (US$270 million) (FY23)[4]
Increase ₹112 crore (US$13 million) (FY23)[4]
Owners
  • Horizon Impex Pvt Ltd (30.4%)
  • Subh Ashish Exim Pvt Ltd (21.37%)
  • Makino Holdings Limited (7.64%)[5]
Number of employees
6,905[6] (FY18)
SubsidiariesHardcastle Restaurants Pvt. Ltd.
Websitewww.westlife.co.in

Westlife Foodworld Limited (formerly Westlife Development Limited)[7] is an Indian fast food restaurant holding company. Its wholly owned subsidiary Hardcastle Restaurants Pvt. Ltd. (HRPL) holds the master franchise for McDonald's in western India and South India.[8][9]

McDonald's Indian subsidiary, McDonald's India Private Ltd., acquired complete ownership of Connaught Plaza Restaurants Limited, its other Indian master franchisee, on 9 May 2019, ending a partnership established in 1995 and leaving Westlife Development as McDonald's only third-party master franchisee in India.[10]

  1. ^ "Contact Us". Westlife Development. Retrieved 19 April 2019.
  2. ^ Ambwani, Meenakshi Verma; Jayan, TV (13 October 2021). "Westlife Development to launch 200 McDonald's outlets in next five years". The Hindu Business Line. Retrieved 11 June 2022.
  3. ^ "Board of Directors". Westlife Development. Retrieved 19 April 2019.
  4. ^ a b "Westlife Development net profit grows 30.3% to Rs 20.3 cr in March quarter". Business Standard. Retrieved 7 November 2023.
  5. ^ Cite error: The named reference Annual Report 2017-18 was invoked but never defined (see the help page).
  6. ^ "Investors". Westlife Development. Retrieved 19 April 2019.
  7. ^ "Westlife Development renamed Westlife Foodworld". mint. 4 November 2022. Retrieved 11 December 2022.
  8. ^ "McDonald's posts its first-ever profit in India after 22 years". Business Today. 26 December 2018. Retrieved 19 April 2019.
  9. ^ "Westlife Development Plans To Double McDonald's Store Count By 2022". BloombergQuint. 14 June 2018. Retrieved 19 April 2019.
  10. ^ Bhushan, Ratna. "McDonald's buys Vikram Bakshi's 50% stake in Connaught Plaza Restaurants". The Economic Times. Retrieved 12 March 2022.