Bhagwati Banquets launches its Catering Services in Mumbai

Bhagwati Banquets & Hotels Ltd has announced that until now, for any occasions in Mumbai or Maharashtra, the food & catering services was provided by Ahmedabad & Surat offices. But, with recent surge in business opportunities and inquiries for such exclusive and professional catering services, Company has decided to launch its catering services in Mumbai.

Catering business is a unique business model and requires exceptional expertise to cater to customer needs. Customers have specific needs in terms of food delicacies, taste, different kind of menus, thematic decoration at the venue and above all personalized services to its guests. Such customized needs can be from 300 guests to 10,000 guests and here is where the required expertise and experience play a major role. Having such expertise over 17 years, entering the Mumbai territory will indeed brighten the prospects for future growth of the Company as people splurge money to get the best.

The Company has already started looking for premises to kick start the operation. The total turn over expected in the first year of its operation would be around Rs 8-10 Crores, with expected operating profit of about 35% of the total turn over.

This figures are derived very conservatively, in fact the potential is much huge as expert catering services would be required not only for Marriages, Reception or Social gatherings, there is dearth of expert caterer providing professional services to Corporate Companies or Multi National Companies. At present, lot of Companies arrange the annual conferences at out side locations, they conduct out door training camps for their employees. Also, so many corporate Companies prefer special catering services at their cafeteria or in house dining area.

As Mumbai is the financial capital buzzing with above kind of requirement, the Company's foray in Food & Catering services in city of Mumbai will definitely be a right step in right direction.

Source : Equity Bulls

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