Chandigarh-based Alchemist Group plans to open 1,200 outlets of its quick-service restaurant chain Republic of Chicken, by the year 2010, and has planned investments worth Rs 800 crore, which it will incur through private equity.
“The total investment will be Rs 800 crore, and we are looking at private-equity funding. We are sure the return on investment of each outlet will not take more than 18-22 months,” Tapan Sinha, chief operating officer, Republic of Chicken, said.
Sinha said the company will begin expansion from Delhi and NCR region, and then move on to the north Indian market in the state of Punjab and Haryana, before setting up ventures across the country.
The company had diversified into the dining segment this year by opening two Republic of Chicken outlets in Delhi, and is now planning a pan-India expansion.