Impresario in Acquisition Mode, Targets Mid-Sized Restaurant Chains Ahead of IPO

Owner of Social and Smoke House Deli, Impresario Entertainment & Hospitality is exploring acquisitions of mid-sized restaurant chains to accelerate growth before its proposed public listing. The company, majority-owned by India Resurgence Fund, aims to consolidate its position in the competitive food and beverage industry.

The company is in talks with about half a dozen mid-sized restaurant chains and cafes for potential acquisitions, and to eventually absorb them under the holding company ahead of a proposed public listing in the next few years, said people familiar with the matter.

Through this initiative, the company-majority owned by India Resurgence Fund (IndiaRF)-is looking to gain scale amid intensifying competition in the food and beverage industry.

Riyaaz Amlani, founder and managing director, Impresario informs that the company is looking, "at a large platform play, pre-IPO, through consolidation, with mid-sized players.”

"Talks are at exploratory stages," he said without elaborating.

Impresario reported revenue of $95 million (INR 810 crore at the time) in FY25, a 18% increase, per regulatory filings data. The company swung to a profit after tax of $2 million during the year from a net loss of $1.7 million in FY24.