It was in 1994 when McDonald’s came looking out for the right partner, Jatia, who was then involved in his family owned chemical business, convinced his father in joining hands with McDonald’s. To strengthen its position it has taken numerous steps in menu innovation and dedicated offering to customers. Mr. Jatia is also on the board of 17 other companies. It sure did; Jatia exited with a 3x return after four years. Sister Diya married Ayush Jatia (son of Amit Jatia of Hardcastle Restaurants) last year. Dear user, ET BrandEquity privacy and cookie policy has been updated to align with the new data regulations in European Union. I would like to take this opportunity … Their first store … What has been your analysis of the post note ban scenario in the QSR space? Smita Jatia, Managing Director, McDonalds India, West and South, on being part of Indias biggest fast food chain. On April 28, MD of Hardcastle Restaurants Amit Jatia and his wife Smita Jatia hosted a grand wedding of his son Ayush Jatia in the plush Four Seasons Hotel in Bahrain with the daughter of a well-known family Diya Mehta. Public’s “participation” coincided with a sharp fall in price as Amit Jatia sold his entire HUF (Hindu Undivided Family) stake of 2.21 lakh shares and sold over 60% of his own 16.42 lakh shares of the company, held directly in his own name. - Issue Date: Feb 20, 2012 We plan to add 75-100 restaurants in FY'14 and FY'15," said Westlife Development vice-chairman Amit Jatia. Find information about the Jatia family, see the geographical distribution of the Jatia last name. Smita is currently the managing director of her company and successfully obtained a 1000 crore revenue […] Amit Jatia Joint Venture Partner & Managing Director, McDonald’s India [West & South Region] When Amit joined the McDonald’s family in March 1995 as MD, Hardcastle Restaurants Pvt. The 20-year journey has not been easy for a restaurant franchise which had to start from scratch to become a 1000-crore business, serving 300 million people a year today. Mehta's son Viraj Mehta married to Nisha Sheth, daughter of Bharat Sheth of Great Eastern Shipping family in 2012. After encouragement from her in-laws, she completed her graduation, but had no plans of working in an office. Currently, Mr. Jatia holds the position of Vice Chairman & Chief Executive Officer at Westlife Development Ltd. and Member of Young Presidents' Organization (Mumbai). It was the first ever upscale indian wedding to be held in the Middle Eastern destination! "We were looking at … Mr Jatia acquired India's largest safety match company WIMCO and turned this failing company into a … The trigger was around seven years ago, when Siddharth Mehta, Bay Capital’s co-founder, told him he was investing in Sterling Holiday Resorts. The reshuffle also meant that Amit’s family was looking to invest in other avenues to grow their business again. The market in South India has been extremely receptive to McDonald’s. Entrepreneurs' Organization : Tser Fah Chin: Young Presidents' Organization, Inc. Jatia, Amit Jatia, Achal Jatia and O.P.Adukiaji for their support & encouragement in my 50 years of professional life. A timely meeting with “dear friend” Walter Saldana, then … “I too decided to put in some money and it worked well,” says the 51-year-old. Rishi Khiani has given Amit Jatia business. Diya is the daughter of Russell Mehta, the CEO of Rosy Blue Group and Mona Mehta. BN Balasundar. Edited excerpts. I would like to take this opportunity to convey my heartiest gratitude to Shri B.L. Amit Jatia who tried McDonald’s at the age of 14 in Japan wouldn’t have thought that he would be running the global QSR giant in India when they were out looking for a partner in the country. Amit Jatia: Westlife Development Limited Hardcastle Petrofer Pvt Ltd. Manish Balkishan Chokhani: Westlife Development Limited Young Presidents' Organization, Inc. Vinati Saraf Mutreja: Young Presidents' Organization, Inc. Hailing from a conservative Marwari family, she was married at the age of 18 to Amit Jatia, in 1989. So, how exactly did McDonald’s… More and I'm Not Loving It: Big Mac's strange Indian … Amit Jatia, Westlife Development, says has no plans to take over the north and east franchise for McDonald’s as they have their hands full with 500 million customers in West and South India In the early 1990s a reorganization in his joint family business, spanning paper, textiles, chemicals, food processing and mining, led to his father B.L. Amit Jatia, managing direct0ö West & South, Mc- Donald's India spoke to FE's Mona Mehta on how the company is constant- ly working towards value offerings and meeting the evolving demands of young adults no kids (YANKS) group of audi- ences, who have developed a taste for global palate and contributed 75% of Amit Jatia is a businessperson who has been the head of 5 different companies. He also serves as a Board Member on Hardcastle Petrofer Pvt. Life, of course, had other plans. Accept the updated privacy & cookie policy. Raj Kumar Jatia Chairman . Amit Jatia, Vice Chairman, Westlife Development Limited, is the man behind McDonald’s India (West & South). Mr Raj Kumar Subhkaran Jatia was born in Rangoon, Burma (Now Myanmar). In May 2017 in Bahrain, their youngest daughter Diya Mehta married Ayush Jatia, son of Amit Jatia who holds the McDonald's franchise for the west and south of India through his company, Hardcastle Restaurants. A family split in early 1990s landed Hardcastle Board with the lubricants business into the senior Jatia's lap. He later returned to India to expand his operations to the ceramics and safety match industries. The engagement in December last year was a low-key affair, but the wedding is expected to be a spectacular affair spread over three days, with over 750 … Diya’s Sangeet was held on a private Ritz-Carlton island which overlooks a picturesque lagoon, and was hosted by more than 250 managers and entertainers, sources say. The then united Jatia family dabbled in textiles, paper pulp, Kota stones and hard-board making. into apan-lndia 'spresence. Bahrain Bay’s Four … In December 2010, he bought out McDonald’s stake in the south and west joint venture and Hardcastle merged with Westlife Development, which is listed on the Bombay Stock Exchange Wife: Smita Jatia, … Both families picked up Bahrain as the wedding destination breaking all stereotypes and celebrating the … Ltd. he was the youngest Joint Venture Partner at McDonald’s. Amit Jatia is clearly smitten by the concept of co-investing. According to a Finapp report, the estimated net worth of Shloka Mehta is USD 18 million (about Rs 120 crore). I have spent many moments in HPPL since the time I joined i.e 21st April 1994. The Jatia family, promoters of Hardcastle Restaurants, the licensee for the world's biggest restaurant chain McDonald's, is consolidating its various businesses under a listed parent company at a time when the restaurants and eating out industry is growing at 15-20% in India. Fast food tycoon Amit Jatia, who is part of the family and who has the master franchise for McDonald’s in India, said he was travelling when TOI contacted him on Tuesday. He started his career in the family textile business and grew the business to Japan, Hong Kong and Nepal. “I was happy taking care of my children — twin boys Akshay and Ayush — and being a housewife and a mother,” she recalls. Jatia genealogy and family history facts. Moneylife had earlier pointed out (Read: Westlife Development: Low or no volumes and 2,20,000% price rise! Amit Jatia is the Vice Chairman of Westlife Development (WDL). Ltd. Amit, just back from America with a bachelors in business administration from the University of South California, dove into the family business. In October 1996, Amit opened the first … Four Seasons Hotel Bahrain Bay will host the grand wedding of Diya Mehta, daughter of Russell Mehta, the CEO of Rosy Blue, to Ayush Jatia, son of Amit Jatia, MD of Hardcastle Restaurants (McDonald’s India Franchise) in the last week of April. Smita Jatia has now become a very prominent name amongst all the McDonald’s lovers for the significant contribution she has made to Hardcastle Restaurants Pvt Ltd, currently the most popular franchise of McDonald’s’ products in West and South India. I also thank all the team members for their cooperation and support during my journey. Not as a food entrepreneur, but customer. AMIT JATIA. So how did McDonald's happen? As a young man in his 20s, he queued up outside the Linking Road outlet of McDonald's for a portion of McNuggets. Jatia retaining the chemicals business – Hard castle & Waud Mfg Co Ltd. Today, he is spearheading McDonald’s in West & South India. Post demonetization, market sentiments got stagnated. By the looks of it, this asset class will occupy a good part of his mind in the … Amit Jatia, vice-chairman, Westlife Development Ltd, in conversation with Ashish K Tiwari, speaks about the overall business scenario, new initiatives, competition etc. Amit has undergone hands on training for a year at McDonald’s in Jakarta (Indonesia) as well as … As Amit Jatia, Vice-Chairman, Westlife Development, says in the Financial and Operating Results Report for the quarter ended December 31, 2016, “While facing the challenges of a volatile macro environment, we continued to make thoughtful investments in our 20-year brand journey, including McCafé, by introducing premium Share Shakes, a Limited Time Offer.” Shloka Mehta's brother, Viraj is married to Nisha Sheth, belonging to the Great Eastern Shipping family. 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