Burger King India Ltd is an international QSR chain in India. It started operations in 2014 and has established ~260 restaurants across major cities. **The company is an Exclusive National Master Franchisee of Burger King in India and its subsidiaries are Exclusive National Master Franchisee of the brands Burger King and Popeyes in Indonesia.
India: 391 restaurants across 92 cities, with76 Burger King being opened in FY23**
Indonesia: 176 restaurants across 27 cities
Terms of Franchise Agreement
As per the Master Franchise and Development Agreement with BK AsiaPac (holder of rights of Burger King), the company is obligated to open at least 700 stores by 31st December 2025. If the company fails to do so, BK AsiaPac has the power to terminate the company’s development rights or the Master Franchise Development Agreement.
Also, the company cannot have a debt to equity ratio of more than 2:1 at any time.
15th september 2023 QSR Asia Pte. Ltd SELL HOLDING FOR GROWTH…@ RS 119…
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