Westlife Development
Westlife Development is a company based in Mumbai, India, that focuses on putting up and operating Quick Service Restaurants (QSR) through its subsidiary Hardcastle Restaurants Pvt Ltd. The company is known for its operations of McDonald's restaurants as a Master Franchisee in west and south India, with a market of 1.8 billion consumers.
History[edit | edit source]
Westlife Development was incorporated in 1982. The company's primary business was in the textile industry until 2010, when it shifted its focus to the food service sector. In 2010, Westlife Development, through its subsidiary Hardcastle Restaurants Pvt Ltd, acquired the master franchise rights for McDonald's in west and south India.
Operations[edit | edit source]
Westlife Development operates through its subsidiary, Hardcastle Restaurants Pvt Ltd, which is a Master Franchisee for McDonald's in west and south India. The company operates over 300 McDonald's restaurants in this region. The company's operations span across 42 cities and 11 states in India.
Business Model[edit | edit source]
Westlife Development follows a 'Company Owned Company Operated' business model for all its McDonald's restaurants in India. This model allows the company to have full control over the quality of food and service in its restaurants.
Financial Performance[edit | edit source]
Westlife Development has seen a steady growth in its revenues and profits over the years. The company's revenues have grown at a compound annual growth rate (CAGR) of 22.3% over the last five years.
See Also[edit | edit source]
References[edit | edit source]
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