The Mumbai-based retail group plans to dot the country with around 10,000 Easyday stores in the range of 2,500 sq ft, and planus to increase the membership base to about 20 million.
After stepping down as Chief Executive in 2017, Schultz, had taken up the post of executive chairman. He will be stepping away from the company after nearly four decades of service to mull a "range of options".
In FY15-16, the fast food chain had a net loss of Rs 2.8 crore. Nearly 22 years after the burger chain entered India, the company is still in the red with accumulated net loss of Rs 422 crore.
Ruchi Soya is the largest edible oil seed extraction and refining company in India, with 3.72 million tonnes of oil seed extraction capacity across 10 locations and 3.30 MT refining capacity in 13 locations.
Trans fatty acids can be easily eliminated by adopting newer technologies which allow use of healthier oils in place of partially hydrogenated vegetable oils at negligible costs.
The firm has tied up with 1000 restaurants across the two new cities including legendary restaurants, favourites, Quick Service Restaurants (QSRs), and new cafes.
The concept of Dilli Streat is inspired by buzzing Indian streets, where the experience is rich on the senses with the thrill of street sounds, shop boards with vivid hued walls, tantalising aromas of street food and the experience of jostling through cro