Trimex Foods, the Indian operator of global dining brands including Chili’s Grill & Bar, Cinnabon, and Paul Bakery, is in advanced discussions to sell a minority stake at a Rs. 700–800 crore valuation to accelerate its expansion strategy within the booming food services sector. The company has engaged EY to manage the stake sale process and is reportedly in talks with multiple private equity firms and family offices to secure external capital.
For the fiscal year 2023–24, Trimex Foods reported Rs. 206 crore in revenue and delivered a substantial EBITDA CAGR, underscoring robust operational momentum as it leverages India’s expanding casual dining and café landscape. The fresh capital is intended to support aggressive scaling, including plans to grow its footprint from ~50 current outlets to 200+ by 2030, amid broader investor interest in organised F&B formats.
The proposed stake sale reflects confidence in demand trends across India’s food and beverage industry, where evolving consumer preferences and strong urbanisation trends are driving growth in both casual dining and quick service segments. Trimex’s repositioning with external investors is aimed at strengthening its competitive positioning and funding its long-term expansion objectives.
