Vidli Restaurants Ltd share Price Today

Vidli Restaurants Limited was originally incorporated in Mumbai as "Kanisha Hotels Private Limited" on August 24, 2007, under the provisions of the companies Act 1956, with the Registrar of Companies. The name of the company was changed to "Vithal Kamats Restaurants Private Limited", and a fresh certificate of incorporation dated October 1, 2013, issued by the Registrar of Companies. Subsequently, the name of the company was changed to "Vidli Restaurants Private Limited", and a fresh certificate of incorporation dated February 26, 2015, issued by the Registrar of Companies. The company was converted into a Public Limited Company, Pursuant to shareholders resolution passed at the extraordinary general meeting of the company held on October 7, 2015, and the name of the company was changed to "Vidli Restaurants Limited", and a fresh certificate of incorporation dated November 23, 2015, consequent upon conversion to Public Limited Company, which was issued by the Registrar of Companies. The company is engaged in the business of hospitality and runs a chain of restaurants serving hygienic standardized food items in a quick serve format at various outlets on national highways, state highways and cities. Today, the company has 39 restaurants in western & central India and has presence on major highways. The company believes in providing quality food in hygienic surroundings at convenient locations for serving the customers better. The company successes depends on the value, perception and marketing of brands "Vithal Kamats" and "Kamats". The company has the ability to market and increase the franchisee network is significantly dependent on these brands and also believes that maintaining and enhancing the abovementioned brand is important for the competitive advantage. Over the years, Kamat group has been instrumental in launch of successful hospitality verticals and restaurants, under the brand name of "Vithal Kamats Original Family Restaurants" and "Kamats Original Family Restaurants", and also over the years the Kamat group has emerged as a symbol of quality, originality and truth, which has in turn nurtured trust among people for the services. The company has entered into Master Franchisee Agreement dated August 6, 2015, with MNM group for a period of 5 Years, and has also started its commercial operations in November 2013. Since then, the company started expanding its restaurant chain and concentrated on standardizing its products and services through centralized purchasing and training system.