Avik Chatterjee takes CEO reins at Speciality Restaurants, plots expansion and retail push
The new CEO succeeds founder Anjan Chatterjee at the Rs 470 crore group, aiming to double turnover in 5 years. Plans focus on core brands Mainland China and Oh! Calcutta, 6-7 new restaurants with cloud kitchens, 10-15 QSR outlets, and exploring packaged retail product ranges.
What happened
Avik Chatterjee becomes CEO of Speciality Restaurants, succeeding father Anjan. Plans to focus on core brands like Mainland China and Oh! Calcutta, add 6-7
Key facts
- Rs 470 crore turnover
- 30% delivery sales
- 6-7 new restaurants
- 10-15 QSR outlets
- double turnover in 5 years
Why this matters
The push into packaged retail products and QSR under new leadership opens partnership, co-manufacturing, and potential acquisition angles for players wanting exposure to Mainland China and Oh! Calcutta brand equity.
What to watch
- First QSR outlet openings and unit economics disclosure
- Launch and shelf placement of packaged retail range
- Quarterly turnover and same-store sales trajectory vs 2x target
- Capex commitments and any debt/equity raise
- Retention of founder-era senior management under new CEO
- Appoint dedicated leadership for QSR and packaged-foods verticals
- Secure capex/working-capital funding or partnerships for multi-format expansion
- Pilot packaged product SKUs through modern trade and e-commerce before scaling
- Standardize cloud-kitchen operations to protect delivery-channel margins