IT raids Saravana Bhavan, 3 other popular food chain groups for tax evasion
IT raids Saravana Bhavan, 3 other popular food chain groups for tax evasion

Income Tax officials raided five famous restaurant chain groups in Chennai today.

The restaurant chains include two groups of Grand Sweets, Saravana Bhavan, the Anjappar and Hot Breads groups. The raids were being conducted following the complaints of tax evasion by the afore-mentioned food and restaurant chains in Chennai.

The IT officials carried the searches at 32 locations.

A senior officer said, "We have information that these groups have been indulging in large-scale tax evasion over the last several years. Only after the investigation at these places, we would be able to assess."

Founded by P Rajagopal, the popular South Indian Restaurant chain, Saravana Bhavan, has its presence in 20 countries with more than 80 outlets in Australia, France, India, the US, Singapore and the UK; there are more than 35 outlets of Saravana Bhavan in India.

G. Natarajan founded Grand Sweets and Snacks in 1982 at Gandhi Nagar, Adyar in Chennai. The Grand Sweets and Snacks launched one-of-a-kind Pure Veg Restaurant at Bazzula Road, T. Nagar in April, 2011.

The Anjappar group was established in 1964 and is considered as the pioneer in introducing the Chettiars cuisine. It has around 70 outlets, including abroad.

The famous bakery chain in Chennai, Hot Breads has more than 25 outlets across Tamil Nadu and Puducherry.

By Restaurant India Bureau

 
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