Variety

This Think Tanc serves up ideas for the hospitality sector

Anjali Prayag | Updated on August 31, 2011 Published on August 07, 2011

Mr Amit Roy (right), Think Tanc, and Mr Anupam Sehgal, in Bangalore. - G.R.N. Somashekar   -  Business Line

Sitting at Skye Barr at a height of about 175 feet above the ground level, listening to Mr Amit Roy and Mr Anupam Sehgal, partners at Think Tanc, you start building castles in the air. Hey, can I start a salad bar? Or, maybe a South Indian catering service or just a lounge bar?

“Anybody who can cook well or has a bit of extra money stashed away thinks he or she can venture into the food and beverage (F&B) business and later realise that it's not that easy,” quips Mr Amit, sending your dreams crashing.

Mr Anupam and Mr Amit have partnered to help set up Bangalore's most happening bars — Skye Barr, Fireflies, The Bierre Club, Fluid — and a host of other restaurants and cafeterias.

They call Think Tanc, their company, a turnkey solutions provider to the hospitality sector. But why such a mundane name like Think Tanc when they give their clients' ventures such exotic names. “For lack of time. We started the venture and on the way for a client meeting decided on a name for our venture,” laughs Mr Amit.

“So, Think Tanc gives ‘A to Z' solutions to the F&B sector, including feasibility study, getting a name for the outlet, the menu design, deciding on the location for the outlet, the hiring of the staff, the kitchen and the bar design and for the inexperienced entrepreneur, even run the venture as long he or she wants it,” says Mr Amit. He says Think Tanc is here to minimise the failure level of an entrepreneur in the F&B industry.

Confidence

So, where does the duo's confidence stem from? They then reveal that they have been in the hospitality industry for over a decade. While Mr Anupam is the ex-CEO of Opus, also a lounge bar in Bangalore, Mr Amit has worked as a consultant in the industry, with about 30 years of experience between them. Second, the duo firmly believes that anyone starting out a new venture in the hospitality industry should go about it scientifically and not just for the love of food. Mr Amit and Mr Anupam explain how one can set up a venture in the food business: Once the budget is ready, you can reveal your secret desire to Think Tanc. The company then works on a complete feasibility report giving you three options in terms of the speciality, location, menu design, ambience and pricing. Once that's settled, it generally takes Think Tanc anywhere between 90 and 120 days to get your F&B venture up and running.

Meanwhile, they have hired your staff, got your kitchen equipment, ordered your furniture and even got the licence for the bar. “But we don't get into the real estate part of the business as it involves legal hassles. We identify the site for the client who has to acquire it on his own,” they clarify.

The inexperienced owner

Think Tanc also offers an option of running the business for the inexperienced owner for as long he or she wishes. For instance, the partners have been running Skye Barr for over six months now. For all these services, the company only charges a flat fee and not a cut in the profits, points out Mr Amit.

Think Tanc has advised a whole range of businesses in the F&B sector: catering ventures, corporate cafeterias (Google and Accenture), kitchens of large hotels, restaurants (Pizzeria Romano), takeaway joints to lounge bars. The company is also setting up cafes for Ducati in India in the next three months, apart from driving the hospitality verticals of two large business houses. Think Tanc's ideas have been converted into reality in Bangalore, Delhi, Guwahati and Mysore, with ventures coming up in Pune and Hyderabad.

The Think Tanc team is motivated by India's growing fascination with eating out. “Eating out, which was occasion-led a decade ago, has become need-based now. Also with people travelling more and eating a variety of foods, all kinds of new specialty restaurants are in demand. For instance, about 10-15 years back, pasta was an unknown dish. Today most middle-class households eat it regularly. The diner is more knowledgeable,” points out Mr Amit.

Training school on cards

On plans for Think Tanc, he says there is no adrenalin rush to expand rapidly and take up more than they can chew.

“As the industry is starved of trained talent, we plan to start a training school for the F&B sector. While technical skills are necessary, it's soft skills that win the guests over in the industry,” they point out. So while Think Tanc will charter the growth of many F&B businesses in the country, they'll make sure these ventures would also have professionals running them.

Published on August 07, 2011

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.