Daryaganj Restaurants shared that they will open their first international restaurant in Bangkok, Thailand. Amit Bagga, co-founder and CEO, revealed about the company’s upcoming plans.
Daryaganj Restaurants receives 150 Global queries
In an interview with ET Hospitality World, Amit Bagga mentioned that the company wasn’t planning to go international initially—they have numerous enquiries for locations in India and abroad. “We have had 150-odd queries from India and another 25-30 from international locations. And we keep saying no when it comes to international locations. The person who approached us from ParkRoyal Co. Ltd (the company’s JV partner in Thailand) had the same vision as us—to be uncompromising on quality, not cut corners and have a long term plan,” Bagga revealed.
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However, Daryaganj Restaurants has partnered with ParkRoyal Co. Ltd exclusively for Thailand, though other outlets in the country are possible. It’s an excellent spot to understand the SE Asian market and the next target country is Singapore, said Amit. “Bangkok had 22 million tourists visiting it last year, that was more than many European cities—and a large number of visitors are from India, which made it an automatic choice to open a Daryaganj outlet there,” he added.
Daryaganj Restaurants soon to set 13 outlets in Delhi NCR!
Interestingly, the Bangkok restaurant will have two menus: classic dishes from Daryaganj India and dishes with local Thai ingredients. Their Bangkok outlet is set to open in mid-January 2025. The company will soon have 13 outlets—12 in Delhi NCR (Delhi, Noida, Gurugram) and one in Ludhiana. They plan to open two more in Delhi NCR, one in Mohali, one in Mumbai, and the Bangkok outlet by the end of this financial year. Next financial year, they will focus on expanding in southern India.
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Meanwhile, the company plans to first capture the main metro cities in India, mainly Delhi and Mumbai, before expanding to other locations. Amit goes further, “A recent study states that 40 percent of India’s retail business is centred around Delhi and Mumbai and we want to capture these two markets fully before we look ahead to other locations. The biggest reason behind why we have the confidence to open to many new outlets and look at new markets is that whichever outlet we have opened till date, has been successful and profitable till now. We’ve never shut any store.”
So far, the company has grown using internal funds. Amit Bagga believes they can only think about external funding after reaching an INR 100 crore turnover by the end of the current financial year.
