Who is the owner of mainland china

After 20 years of being in the business, Speciality Restaurants finally decided to launch an initial public offering IPO ,which opens on 16 May.

The price band has been fixed at Rs Given those price levels, the company aims to raise around Rs crore. Speciality has a total of 69 restaurants under brands like 'Mainland China', 'Oh! Calcutta', 'Sigree', 'Machaan' and 13 confectionery stores called 'Sweet Bengal'. The main objectives of the issue are building new restaurants, including expanding the number of Mainland China outlets to by from the current 32; increasing the popularity of 'Sigree', which offers Indian cuisine, to the levels enjoyed by Mainland China; and servicing long-term debt.

Indraneil Palit, chief operating officer of Speciality and friends with Chaterjee's since college, told Firstpost : "We plan to build food plazas as well. We will begin with Kolkata and Pune, where all the offerings of Specialty will be available under one roof, but not necessarily with the same brand names," he said.

The company will use Rs 15 crore towards this goal. In a new gamble, the company recently opened a new bar and restaurant in Pune called 'Bizona', targeted at young people who want to spend more on liquor than food.

This outlet aims to generate percent of its revenues from alcohol against the usual percent generated in other outlets. The company earned a net profit of Rs 15 crore in the nine month to December The group has always striven to go to great lengths to pamper and surprise patrons and ensure that every dining experience they have, is memorable. From sourcing ingredients from far-off lands to attentive service, it's all done with one objective - to give diners an experience they will cherish forever.

With the opening of its first outlet in in Mumbai India , Speciality Group of Restaurants began its journey of serving authentic world cuisines and over years old delectable Indian cuisines. Miele Guide, Singapore has listed Oh! Calcutta restaurants among the top Bengali restaurant, twice in a row in and Asia's 50 Best Restaurants Oh!

Calcutta was chosen for the Chef's Favourite Restaurant Award. I believe that the mantra to happiness and the spread of warmth can be achieved when good food is served with utmost love and passion.

Our first outlet 'Only Fish' was founded in to recreate the magic of Calcutta cuisine in the by lanes of Mumbai. With the immense popularity that the restaurant enjoyed, I realized that there was a dearth of speciality restaurants both in the Fine Dining and Casual Dining spheres.

So many types of food — Italian, Mexican, Lebanese, and Greek — have come but Chinese is the most lovable. Mainland China is following ISO standards to ensure complete safety of food from preparation to delivery. A: That absolutely rubbish. I got calls from my customers in Bangalore if I was shutting down Mainland China. Some of my customers are bureaucrats and have a long association with us. I had to tell them that nothing is going to change.

The media has been reporting in many ways and they are not entirely correct. A: It all started from a poster in Kolkata. Someone fired a message saying that the brand was changing its name. Going with the times, it made good gossip. But it is far from the truth. We have another brand called the Asia Kitchen. We have a dozen outlets in India and even in Dubai. There is a plan to open in Houston.

We have been thinking of doing an equity migration. It means Mainland China will have a sister called Mainland Asia. It is a simple nomenclature change for a brand that will be selling food that is pan-Asian.

So Mainland Asia has a different positioning. Bringing flavours from around the Orient is our speciality. Q: Intolerance seems to be the order of the day. How safe is Mainland China? A: Very safe. If you are hinting towards racism and brands associated with colour of your skin, then food is not an appropriate comparison.