Westlife Foodworld
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Westlife Foodworld
Westlife Foodworld Limited (formerly Westlife Development Limited) is an Indian fast food restaurant holding company. Its wholly owned subsidiary Hardcastle Restaurants Pvt. Ltd. (HRPL) holds the master franchise for McDonald's in western India and South India. McDonald's Indian subsidiary, McDonald's India Private Ltd., acquired complete ownership of Connaught Plaza Restaurants Limited, its other Indian master franchisee, on 9 May 2019, ending a partnership established in 1995 and leaving Westlife Development as McDonald's only third-party master franchisee in India. History Westlife Development was founded on 30 October 1982. Hardcastle Restaurants was established as a joint venture between Westlife Development and the McDonald's Corporation in 1995. Hardcastle opened its first McDonald's restaurant in Bandra Bandra (Indian English, æːɳɖɾa also known as Vandre (Help:IPA/Marathi, aːn̪d̪ɾe is an upscale coastal suburb located in Mumbai (Bombay) area of t ...
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Elphinstone Road
Parel – Prabhadevi railway station is a Railway station junction which connects the Central line and Western line of Mumbai Suburban Railway. It serves the area of Parel and Prabhadevi in Mumbai, India. This railway station has seven platforms, of which two are on the Prabhadevi side and the remaining platforms are on the Parel side with the middle one is a terminal platform and two platforms on the far east is for fast trains line, both sides are of only slow trains halt. Passengers Parel and Prabhadevi railway stations are a set of one of the busiest stations on the Mumbai Suburban Railway network. Over 15.6 million passenger's journey originates from either of these stations, earning yearly, due to offices being situated around these railway stations. History Parel side The railway station on the Parel side was opened to the public in 1877 for direct connectivity from Parel to other stations on the Central Railway network. On 4 March 2019, the terminal platform on the ...
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Master Franchise
A master franchise is a franchise relationship in which the owner of the franchise brand (the master franchisor) grants to another party the right to recruit new franchisees in a specific area. In exchange, the other party typically pays some price as well as agreeing to take on some or all of the responsibility to train and support new franchisees in their area. Because the role of a master franchisee within their territory is similar to that of a franchisor, they are often referred to as sub-franchisors. As of 2020, according to an in-depth survey of franchisors based in the United States, approximately 20% of franchisors use master franchising as an international growth strategy. According to the research, it is the most popular (either by itself or in conjunction with multi-unit development), method for U.S. franchisors to expand abroad. } Business model In general, a franchise enables a product to be dispersed across more outlets and regions, solving many geographic concerns ...
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Companies Based In Mumbai
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Companies Listed On The Bombay Stock Exchange
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Fast-food Chains Of India
Fast food is a type of mass-produced food designed for commercial resale, with a strong priority placed on speed of service. It is a commercial term, limited to food sold in a restaurant or store with frozen, preheated or precooked ingredients and served in packaging for take-out/take-away. Fast food was created as a commercial strategy to accommodate large numbers of busy commuters, travelers and wage workers. In 2018, the fast food industry was worth an estimated $570 billion globally. The fastest form of "fast food" consists of pre-cooked meals which reduce waiting periods to mere seconds. Other fast food outlets, primarily hamburger outlets such as McDonald's, use mass-produced, pre-prepared ingredients (bagged buns and condiments, frozen beef patties, vegetables which are prewashed, pre-sliced, or both; etc.) and cook the meat and french fries fresh, before assembling "to order". Fast food restaurants are traditionally distinguished by the drive-through. Outlets may be ...
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Bombay Stock Exchange
BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange. It is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, a Jain businessman, it is the oldest stock exchange in Asia, and also the tenth oldest in the world. The BSE is the 8th largest stock exchange with an overall market capitalisation in the world with more than ₹276.713 lakh crore, as of January 2022. Unlike countries like the United States where nearly 70% of the country's GDP is derived from large companies in the corporate sector like Apple and Tesla, the corporate sector in India accounts for only 12–14% of the national GDP (as of October 2016). Of these only 7,400 companies are listed of which only 4000 trade on the stock exchanges at BSE and NSE. Hence the stocks trading at the BSE and NSE account for only around 4% of the Indian economy, which derives most of its income-related activity from the unorganized sector and household spe ...
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Bandra
Bandra (Indian English, [bæːɳɖɾa]) also known as Vandre (Help:IPA/Marathi, [ʋaːn̪d̪ɾe]) is an upscale coastal suburb located in Mumbai (Bombay) area of the Konkan division, Maharashtra, India. The suburb is located to the immediate north of River Mithi, which separates Bandra from Mumbai City district. Originally, Bandra was a larger area, whence the present day Khar, Mumbai, Khar neighbourhood was also a part of it. Almost a century ago, it was considered too large a suburb to be served by one railway station. Therefore, the Khar Road railway station was established in 1924, to give the northern part of Bandra closer access to the Western Railway (India), Western Railway line. This eventually led to Khar, Mumbai, Khar being considered a separate suburb. But to this day, the two adjoined suburbs make up one homogeneous zone. A number of the prominent residents of Bandra are celebrities or VIPs who are active in Bollywood cinema, Media (communication), Media, Cricket, P ...
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Western India
Western India is a loosely defined region of India consisting of its western part. The Ministry of Home Affairs in its Western Zonal Council Administrative division includes the states of Goa, Gujarat, and Maharashtra along with the Union territory of Dadra and Nagar Haveli and Daman and Diu, while the Ministry of Culture and some historians also include the state of Rajasthan. The Geological Survey of India includes Maharashtra but excludes Rajasthan whereas Ministry of Minority Affairs includes Karnataka but excludes Rajasthan. Madhya Pradesh is also often included and Haryana, western Uttar Pradesh and southern Punjab are sometimes included. Western India may also refer to the western half of India, i.e. all the states west of Delhi and Chennai, thus also including Punjab, Kerala and surrounding states. The region is highly industrialised, with a large urban population. Roughly, western India is bounded by the Thar Desert in the north, the Vindhya Range in the east and no ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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Mumbai
Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second-most populous city in India after Delhi and the eighth-most populous city in the world with a population of roughly 20 million (2 crore). As per the Indian government population census of 2011, Mumbai was the most populous city in India with an estimated city proper population of 12.5 million (1.25 crore) living under the Brihanmumbai Municipal Corporation. Mumbai is the centre of the Mumbai Metropolitan Region, the sixth most populous metropolitan area in the world with a population of over 23 million (2.3 crore). Mumbai lies on the Konkan coast on the west coast of India and has a deep natural harbour. In 2008, Mumbai was named an alpha world city. It has the highest number of millionaires and billionaires among all cities i ...
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Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to Lawsuit, litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits s ...
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Fast Food Restaurant
A fast-food restaurant, also known as a quick-service restaurant (QSR) within the industry, is a specific type of restaurant that serves fast-food cuisine and has minimal table service. The food served in fast-food restaurants is typically part of a " meat-sweet diet", offered from a limited menu, cooked in bulk in advance and kept hot, finished and packaged to order, and usually available for take away, though seating may be provided. Fast-food restaurants are typically part of a restaurant chain or franchise operation that provides standardized ingredients and/or partially prepared foods and supplies to each restaurant through controlled supply channels. The term "fast food" was recognized in a dictionary by Merriam–Webster in 1951. Arguably, the first fast-food restaurants originated in the United States with White Castle in 1921. Today, American-founded fast-food chains such as McDonald's (est. 1940) and KFC (est. 1952) are multinational corporations with outlets a ...
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