Trimex Foods, the operator of international café and casual dining brands such as Chili’s Grill & Bar, Cinnabon and Paul Bakery in India, is in discussions to divest a minority stake in the business, with an expected valuation of ₹700–800 crore, according to people familiar with the development.
The company has appointed EY to manage the stake sale process and is currently in talks with several private equity funds and family offices. Sources indicated that investor interest remains strong across high-growth segments such as cafés, dessert chains, packaged foods and casual dining, which continue to attract capital amid rising consumer demand.
Queries sent to Trimex owner Robby Gulri and EY did not receive a response at the time of publication.
Founded in 2019, Trimex Foods operates more than 50 outlets and reported revenue of ₹206 crore in FY24. The company has also recorded a strong EBITDA compound annual growth rate of 344%, according to filings cited by market intelligence platform Tracxn. Its workforce spans approximately 1,800 employees across India and Sri Lanka.
Industry sources said the proposed fundraising is aimed at supporting the company’s next phase of expansion. Trimex plans to scale its network to over 200 outlets by 2030 as it accelerates growth across its portfolio of global foodservice brands.
The company holds expansion and development rights for Dallas-based Brinker International’s Chili’s Grill & Bar across India, Sri Lanka, and Bangladesh, positioning it as a key regional franchise partner in the casual dining segment.