Tuesday, August 17, 2010

UK's compass group acquires Tirumala Hospitality Services

Chennai, 18 Aug:
 
UK based Compass group acquired Tirumala Hospitality Services Private Limited (“THS”’) from Mr Ramkrishna Mankari and his family. THS is a strong regional player in the foodservice industry in Western India, specialising in the provision of catering services to the Business and Industry sector. The gross assets of the business acquired were INR 105.2m (£1.4m) as at 31 March 2010 with revenue for the 12 months to 31 March 2010 of INR 271.6m (£3.7m).

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