Malgudi targets 102-plus restaurants globally in five years as Eatopia expands

Eatopia-backed South Indian restaurant brand Malgudi plans to grow from nine outlets today to 13 by year-end, more than 25 next year and 102-plus within five years. The chain is set to open in Gurgaon while scaling formats across India and international markets.

— Source publishedMon, 14 Sept, 2026, 07:12 IST·First seen Mon, 14 Sept, 2026, 10:41 IST·Source ET Retail

What happened

Eatopia-backed South Indian restaurant brand Malgudi plans to grow from nine outlets to 13 this year, 25-plus next year and over 102 within five years. It will

Key facts

  • 9 current Malgudi outlets: 5 in India and 4 in UAE
  • 13 Malgudi restaurants targeted by year-end
  • 25+ outlets targeted worldwide next year
  • 102+ outlets targeted over five years
  • Eatopia operates 26 restaurants across nine brands

What changed

Eatopia-backed South Indian restaurant brand Malgudi plans to grow from nine outlets to 13 this year, 25-plus next year and over 102 within five years. It will open in Gurgaon and scale multiple India and international restaurant formats.

Why this matters

Malgudi’s planned jump from nine to 102-plus restaurants in five years makes site selection, franchise or operating-model discipline, supply-chain scalability and consistent South Indian food quality critical execution priorities.

What to watch

  • Confirmation of the Gurgaon opening, followed by evidence that the brand reaches 13 outlets by year-end.
  • Disclosure of franchise versus company-owned store mix, franchise fees, area-development agreements or new capital raises.
  • New openings concentrated in one or two metro clusters versus scattered national locations.
  • Same-store sales, outlet-level profitability, delivery mix and signs of discounting after new-store launches.
  • International market announcements, especially named countries, local partners and first-store timelines.