French caterer Elior Group takes acquisition route to enter India – Feedback

French multinational commercial catering and food service company Elior Group has made its foray into Indian market with acquisitions of MegaBite Food Services and C Ramachandra Caterers. The French group has wholly acquired MegaBite, and bought a majority stake in CRamachandra Caterers.

After the acquisitions of the two companies with combined revenue of over $30 million, Elior India now employs over 3,500 people and serves about 135,000 meals per day. The company’s global revenue stood at 5.67 billion euro for the year ended 2014-15, with operations in 13 countries and 18,600 restaurants and points of sale. MegaBite counts Google and McKinsey as its customers, while C Ramachandra Caterers’ customer base includes Daimler, MRF, Ashok Leyland and Caterpillar.

http://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/french-caterer-elior-group-takes-acquisition-route-to-enter-india/articleshow/55675485.cms

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