According to the press release, ABNAH has acquired 100 per cent stake in KA Hospitality Private Limited (KAH), the company that owns CinCin and franchise rights of the other three global restaurant brands.
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Aryaman Vikram Birla, director of Aditya Birla Management Corporation Private Limited and founder of ABNAH, said, “We continue to believe in the remarkable potential of the premium casual dining space, spurred by rising disposable income and evolving lifestyles of the Indian consumer.”
He added that the company’s vision is to create an unmatched portfolio of food and beverage brands within the country.
KA Hospitality was founded by late Kishor Bajaj in 2011, who introduced Hakkasan and Yauatcha to Mumbai.
Karyna Baja, executive director, KA Hospitality Pvt. Ltd, said, “Over the span of twelve years, we have nurtured our family business with unwavering commitment. We have built KA Hospitality from its very foundation, driven by passion into a formidable establishment renowned for crafting exceptional dining experiences. It is with great pride that we now pass the baton to ABNAH, to uphold and elevate the legacy of KA Hospitality as its future custodians.”