Vikram Kamats Hospitality Limited Raises ₹28 Crore Equity to

Vikram Kamats Hospitality Limited Raises ₹28 Crore Equity to Accelerate Growth and Nationwide Expansion of VITS Hotels

By Author

Published on January 17, 2025

Vikram Kamats Hospitality Limited (VKHL), formerly known as Vidli Restaurants Limited, has successfully raised ₹28 crore through a preferential allotment. Known as a leader in the pure vegetarian South Indian premium dining segment and mid-market hotel industry, VKHL is set to further cement its presence with this latest funding initiative.

The total capital of ₹28 crore was secured from a mix of renowned investors, including:

Mrinalini Jaisinghani (part of the Polycab Group)
Nabs Vriddhii LLP (part of the Sattva Group)
The Golden Bird Fund, a notable foreign portfolio investor
Green Portfolio Fund Management

This strategic fundraising initiative is poised to accelerate the expansion of the VITS Hotels brand, a mid-market hotel chain renowned for providing exceptional service and a homely experience for travelers. With more than 25 properties across India, VITS Hotels has become synonymous with premium comfort hospitality, appealing to both leisure and business travelers.

Expanding the Horizons of Mid-Market Hospitality

Expressing his gratitude and excitement, Dr. Vikram Kamat, Managing Director of Vikram Kamats Hospitality Limited, stated:

“Since 2016, we have provided excellent returns to our investors despite market fluctuations by focusing on a profitable business and strategic expansion. This funding demonstrates the continued trust of marquee investors and family offices in us. We will pursue an asset-light growth strategy by adding new VITS Hotels and Kamats Restaurants across India.”

Founded in 2007 by Dr. Vikram Kamat, VKHL is the flagship company of the VITSKAMATS Group, a diversified hospitality chain listed on the Bombay Stock Exchange (BSE ID: KAMATS & BSE Code: 539659). While VKHL primarily focuses on the Kamats Restaurant and VITS Hotels business, its subsidiary, Vitizen Hotels Ltd., operates hotel properties under lease, franchise, and management models.

The Road Ahead

With this latest infusion of funds, VKHL is poised to unlock new opportunities and redefine mid-market hospitality in India. The company remains committed to quality, innovation, and customer satisfaction while emphasizing sustainable growth.

Dr. Kamat’s leadership has been instrumental in setting new benchmarks for the Indian hospitality industry, delivering memorable guest experiences, and driving operational excellence.

About Vikram Kamats Hospitality Limited

Established in 2007 by hospitality visionary Dr. Vikram Kamat, Vikram Kamats Hospitality Limited (VKHL) is the driving force behind the VITSKAMATS Group. VKHL’s portfolio includes the Kamats Restaurants and VITS Hotels chain, an expanding network of mid-market hotels and resorts across India. Known for blending comfort, quality service, and exceptional dining, VITS Hotels caters to both business and leisure travelers.

VKHL also holds a majority stake in Vitizen Hotels Ltd., which operates its hotel properties under lease, franchise, and management models. Focused on sustainable growth and innovation, the company aims to set new benchmarks in the Indian hospitality industry by ensuring every guest’s experience is both enriching and memorable.

With this successful fundraising, VKHL is poised to achieve significant growth, expanding its footprint across India and reinforcing its position as a leader in mid-market hospitality.

Restaurant Brands Asia Reports 18% Revenue Growth in Q1 FY27

By Manu Vardhan Kannan

Published on August 5, 2026

Restaurant Brands Asia Limited (RBA), one of India's leading quick-service restaurant (QSR) operators, has reported strong financial results for the first quarter ended 30 June 2026, driven by higher revenues, improved profitability and steady network expansion.

During the quarter, the company's consolidated restaurant network expanded to 752 outlets, with nine new restaurants added in India since 31 March 2026.

On a consolidated basis, revenue from operations increased 17.9% year-on-year to ₹8,226 million, while Company EBITDA (Pre-Ind AS 116) surged 265.7% to ₹435 million, compared to ₹119 million in the same quarter last year.

The India business delivered an even stronger performance. Burger King India recorded a same-store sales growth (SSSG) of 12.6%, its highest level in the past 15 quarters. The company also achieved its highest-ever quarterly revenue and EBITDA.

Standalone revenue from operations rose 23.6% year-on-year to ₹6,829 million. Restaurant EBITDA (Pre-Ind AS 116) grew 68.1% to ₹900 million, with margins improving from 9.7% to 13.2%. Meanwhile, Company EBITDA (Pre-Ind AS 116) increased 133.6% to ₹527 million, with margins expanding from 4.1% to 7.7%.

Alongside its quarterly performance, Restaurant Brands Asia announced the completion of Inspira Global's acquisition of a controlling 42% stake in the company.

As part of the transaction, Inspira Global, which owns leading home-grown QSR brands including Chinese Wok, has invested ₹1,050 crore through the issuance of fresh equity shares and warrants. Upon exercising the warrants, the company will invest an additional ₹450 crore, increasing its shareholding in Restaurant Brands Asia to 48%.

The fresh capital is expected to strengthen the company's balance sheet and provide greater financial flexibility to support restaurant expansion, brand-building initiatives, digital capabilities and long-term growth plans.

Commenting on the results, Rajeev Varman, Whole-time Director and Group Chief Executive Officer of Restaurant Brands Asia, said:

“Q1 FY27 has been an important milestone in our journey towards sustainable and profitable growth in India. We have built upon positive momentum from the second half of last year and delivered strong growth in restaurant and company operating profits. Our continued focus on value, menu innovation, digital capabilities and disciplined execution enabled us to achieve our strongest quarterly SSSG in the last fifteen quarters. Burger King Indonesia business is also improving, with higher Restaurant EBITDA. Our new promoter Inspira Global brings deep industry expertise and a strong understanding of the food service business. Together, we are focused on improving operational efficiency, accelerating growth and creating long-term value for our shareholders.”

TUTC to Launch FHR Wilderness Lodge at Forest Hill Resort Near Chandigarh

By Manu Vardhan Kannan

Published on August 5, 2026

Forest Hill Resort is set to elevate experiential hospitality with the upcoming launch of FHR Wilderness Lodge in partnership with The Ultimate Travelling Camp (TUTC). Nestled amidst the scenic surroundings of Forest Hill Resort near Chandigarh, the new luxury lodge will combine TUTC's signature hospitality with the region's forests, lakes and the picturesque Shivalik foothills.

Designed for travellers seeking a peaceful escape from city life, FHR Wilderness Lodge will offer thoughtfully crafted luxury accommodation surrounded by nature. Guests can unwind in tranquil surroundings while enjoying personalised hospitality and curated experiences that celebrate the destination's natural beauty.

The lodge will feature a range of outdoor and recreational experiences, including golf, horse riding, boating, trekking, nature drives, angling, bonfire evenings, organic farm visits and exclusive dining experiences. Whether visiting for a family holiday, a private celebration or a corporate retreat, guests can look forward to immersive stays designed around comfort, relaxation and meaningful experiences.

FHR Wilderness Lodge will also enhance destination weddings at Forest Hill Resort by offering luxurious accommodation for wedding guests, intimate pre-wedding celebrations and curated experiences for family and friends. Together with the resort's elegant wedding venues, the lodge aims to create memorable celebrations that extend beyond the wedding day into a complete destination experience surrounded by nature.

The partnership marks a significant milestone for Forest Hill Resort as it strengthens its position as a leading destination for nature-inspired stays, celebrations and hospitality in the region.

For The Ultimate Travelling Camp (TUTC), which is known for creating luxury stays across some of India's most remarkable destinations, FHR Wilderness Lodge will add a distinctive wilderness retreat near Chandigarh to its growing portfolio.

Blending refined luxury with immersive outdoor experiences, FHR Wilderness Lodge is set to offer travellers a unique way to reconnect with nature while enjoying the comfort and personalised service that define both TUTC and Forest Hill Resort.

Radisson Hotel Group Eyes 500 Hotels in India by 2030, Says Nikhil Sharma

By Manu Vardhan Kannan

Published on August 4, 2026

Radisson Hotel Group is strengthening its long-term growth strategy in India, with plans to reach 500 hotels by 2030 by expanding across emerging urban centres, regional towns, leisure destinations and religious tourism hubs. The company believes India's growing domestic travel market and rising investor confidence will continue to drive its next phase of expansion.

Speaking about the group's growth plans, Nikhil Sharma, Managing Director & COO, South Asia, said India has become one of Radisson Hotel Group's key global growth markets.

"Without question. India has evolved from being an important market to becoming one of Radisson Hotel Group's strategic growth engines globally."

Highlighting the company's progress, Sharma said Radisson signed 18 hotels and opened four new properties during the first half of 2026. This has taken its development pipeline to 98 hotels, while its operational portfolio now stands at 142 hotels across 86 cities.

Over the next two years, the company will focus on three major priorities—accelerating the conversion of its existing hotel pipeline into operational properties, expanding further into Tier II, III and IV markets, and diversifying its portfolio across business destinations, leisure locations and religious tourism centres.

Sharma said Radisson's expansion strategy now extends well beyond India's traditional metro cities. The group is strengthening its presence in emerging commercial and industrial centres such as Rajkot and Jamshedpur, gateway destinations like Siliguri, leisure markets including Kasauli and Gopalpur, and fast-growing spiritual destinations such as Nathdwara and Prayagraj.

According to Sharma, more than half of Radisson's portfolio in India is already located in Tier II and III cities, giving the company a strong position as travel demand continues to grow beyond major metropolitan markets such as Delhi, Mumbai, Bengaluru and Hyderabad.

On the company's development strategy, Sharma said Radisson will continue with its asset-light model, with management contracts remaining its preferred approach. He added that hotel conversions are becoming an increasingly important part of the group's expansion strategy.

"Conversions allow us to bring quality inventory to market much faster while creating value for owners." Alongside conversions, Radisson will continue to pursue greenfield developments in destinations where branded hotel supply is still developing, evaluating each project based on long-term demand, owner capability and its strategic value to the network.

Addressing concerns around geopolitical tensions in West Asia and rising aviation costs, Sharma said the company has not seen any significant impact on bookings across its portfolio.

"At this stage, we are closely monitoring the situation, but we have not seen any significant impact on overall booking trends across our portfolio." He noted that India's hospitality sector remains well supported by strong domestic travel demand.

Sharma also reiterated the industry's call for policy reforms to support hotel development, including wider implementation of infrastructure status across states and streamlined single-window clearance systems to improve project viability and reduce approval timelines.

He identified Odisha, Jharkhand, Assam, Meghalaya, West Bengal and Andhra Pradesh as key growth markets, driven by better air connectivity, expanding highway infrastructure and increasing government investment.

"The next phase of hospitality growth will increasingly be driven by these emerging destinations rather than the traditional gateway metros." On the overall market outlook, Sharma described the current performance of India's hospitality sector as a healthy correction following the exceptional post-pandemic period.

"We would describe it as a healthy normalisation rather than a slowdown." He also dismissed concerns over a structural decline in corporate travel, stating that businesses are becoming more focused on value and productivity rather than reducing travel altogether.

"Companies are certainly becoming more disciplined in how they travel, but they are not travelling less. What has changed is that travel decisions today are more outcome-driven, with greater emphasis on productivity, flexibility and value."

Looking ahead, Sharma believes the biggest growth opportunities for the hospitality sector lie in the convergence of MICE, destination weddings and religious tourism, which continue to drive demand across emerging destinations in India.

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