| Travel Food Services Limited was originally incorporated as 'Bombay Pure Foods Private Limited' as a Private Company, pursuant to a Certificate of Incorporation dated November 20, 2007, issued by the Registrar of Companies, Maharashtra at Mumbai. Thereafter, the name of the Company was changed from 'Bombay Pure Foods Private Limited' to 'Travel Food Services Private Limited' on March 12, 2009. On the conversion of Company from a Private Limited to a Public Limited, name was changed to Travel Food Services Limited' and a fresh Certificate of Incorporation dated November 22, 2024 was issued by the Registrar of Companies, Central Processing Centre.
The Company operate a travel quick service restaurant (Travel QSR) and a lounge business across airports in India and Malaysia. The Company also has Travel QSR outlets at select highway sites in India. Travel QSR business comprises a range of curated F&B concepts for speed and convenience within travel environments. Travel QSRs are predominantly situated within airports, with select outlets in highway sites. Lounge business comprises designated areas within airport terminals, accessible primarily by first and business class passengers, members of airline loyalty programmes, select credit card and debit card holders and members of other loyalty programmes.
Since the opening of Company's first Travel QSR outlet in 2009, it has built capabilities and processes to effectively execute in, and address the distinct challenges posed by the operationally complex and highly secure airport environment, such as security clearances, stringent rules and restrictions, 24/7 operations, multi-brand and multi- unit concessions, alongside various supply chain and infrastructure constraints.
Through their Travel QSR and Lounge businesses, Company is present in 14 airports in India and 3 airports in Malaysia, as of June 30, 2024. Of the 14 airports in India in which it operate, 13 of them were amongst the 15 largest airports in the country by passenger traffic in 2024, based on air passenger traffic. Such airports include the Delhi airport, Mumbai airport, Bengaluru airport, Hyderabad airport, Kolkata airport, and Chennai airport. The Company so far, has operated the largest network of Travel QSRs outlets and airport Travel QSR outlets in India as of March 31, 2024, with 313 of the 340 operational outlets being situated in airports, and the remaining in highway sites.
The Company so far, has operated the largest network of Travel QSRs outlets and airport Travel QSR outlets in India as of March 31, 2024, with 313 of the 340 operational outlets being situated in airports, and the remaining in highway sites. The Company had 31 Lounges across India and Malaysia, as of June 30, 2024. In addition, a new Lounge was opened in Hong Kong in July 2024.
The Company is planning an Initial Public Offer by raising funds through Offer for Sale aggregating upto Rs 2000 Crore of face value of Re 1 each, |