Mirah Hospitality and Food Solutions Pvt Ltd and Beacon India Private Equity have made an investment of Rs 48 crore in Impresario Entertainment and Hospitality Pvt Ltd, a Mumbai-headquartered company, which runs a chain of fine-dining restaurants.

Mirah Hospitality has made an investment of Rs 40 crore while Beacon India has hiked its stake by investing Rs 8 crore.

Founded in 2001, by Mr Riyaz Amlani, Impresario operates 30 restaurants across eight cities under various brands such as Smokehouse Grill, Cafe Mocha and Salt Water Cafe. Impresario plans to double the numbers by March 2012. As part of its expansion plans, 20 more Mocha outlets will be added shortly in Tier-I cities.

Over the years, Impresario's operations have cumulatively expanded across the country and their umbrella of brands includes fine-dine restaurants like Smoke House Grill (New Delhi), Stone Water Grill and Le Kebabiere (Pune) and all-day café formats — Salt Water Café, Bespoke Café, The Tasting Room (Mumbai), Smoke House Deli, Smoke House Bar Café (New Delhi) apart from an evolution of Mocha with Mocha Mojo (Mumbai and Chennai) and Mocha ArtHouse (Delhi).

New concepts

Speaking to Business Line on the investment deal Mr Gaurav Goenka, Director, Mirah Hospitality said, “The deal will expand the brands and create new concepts in dining.”

Mirah Hospitality, a venture of the Rs 300-crore Mirah Group, has bouquet of brands under their umbrella, including Khandani Rajdhani, Citrus Hotels and Resorts, Falafels, Manchester United Café Bar, Mad Over Donuts, Palette, Nouvelle and Café Mangii. Currently it has over 75 outlets in over 22 cities.

Mirah Group is a diversified business house with interests in real estate development, hospitality, travel, wind energy, computer education, textiles, corporate gifts and international trading, has been acquiring stake in the restaurant space.

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