It was in 1994 when McDonald’s came looking out for the right partner, Jatia, who was then involved in his family owned chemical business, convinced his father in joining hands with McDonald’s. The trigger was around seven years ago, when Siddharth Mehta, Bay Capital’s co-founder, told him he was investing in Sterling Holiday Resorts. Bahrain Bay’s Four … Amit Jatia, vice-chairman, Westlife Development Ltd, in conversation with Ashish K Tiwari, speaks about the overall business scenario, new initiatives, competition etc. The then united Jatia family dabbled in textiles, paper pulp, Kota stones and hard-board making. “I too decided to put in some money and it worked well,” says the 51-year-old. We plan to add 75-100 restaurants in FY'14 and FY'15," said Westlife Development vice-chairman Amit Jatia. Ltd. he was the youngest Joint Venture Partner at McDonald’s. Amit Jatia is a businessperson who has been the head of 5 different companies. I would like to take this opportunity … Amit Jatia, Vice Chairman, Westlife Development Limited, is the man behind McDonald’s India (West & South). Jatia, Amit Jatia, Achal Jatia and O.P.Adukiaji for their support & encouragement in my 50 years of professional life. Mehta's son Viraj Mehta married to Nisha Sheth, daughter of Bharat Sheth of Great Eastern Shipping family in 2012. So, how exactly did McDonald’s… More Amit, just back from America with a bachelors in business administration from the University of South California, dove into the family business. Jatia retaining the chemicals business – Hard castle & Waud Mfg Co Ltd. Sister Diya married Ayush Jatia (son of Amit Jatia of Hardcastle Restaurants) last year. Amit Jatia is clearly smitten by the concept of co-investing. Entrepreneurs' Organization : Tser Fah Chin: Young Presidents' Organization, Inc. Ltd., and the Vice Chairman and CEO of Hardcastle Restaurants Pvt. To strengthen its position it has taken numerous steps in menu innovation and dedicated offering to customers. The daughter of Rosy Blue’s business tycoon Russell Mehta married the son of Amit Jatia, MD of the McDonald’s India Franchise. AMIT JATIA. Shloka Mehta's brother, Viraj is married to Nisha Sheth, belonging to the Great Eastern Shipping family. - Issue Date: Feb 20, 2012 Public’s “participation” coincided with a sharp fall in price as Amit Jatia sold his entire HUF (Hindu Undivided Family) stake of 2.21 lakh shares and sold over 60% of his own 16.42 lakh shares of the company, held directly in his own name. Their first store … In October 1996, Amit opened the first … Designation: Vice chairman, Westlife Development Ltd, McDonald’s India (west and south region) Age: 47 Joined McDonald’s family: In March 1995 as MD, Hardcastle Restaurants Pvt. BN Balasundar. Amit Jatia: Westlife Development Limited Hardcastle Petrofer Pvt Ltd. Manish Balkishan Chokhani: Westlife Development Limited Young Presidents' Organization, Inc. Vinati Saraf Mutreja: Young Presidents' Organization, Inc. A family split in early 1990s landed Hardcastle Board with the lubricants business into the senior Jatia's lap. It was the first ever upscale indian wedding to be held in the Middle Eastern destination! The 20-year journey has not been easy for a restaurant franchise which had to start from scratch to become a 1000-crore business, serving 300 million people a year today. Mr Jatia acquired India's largest safety match company WIMCO and turned this failing company into a … Ltd. Find information about the Jatia family, see the geographical distribution of the Jatia last name. Smita Jatia has now become a very prominent name amongst all the McDonald’s lovers for the significant contribution she has made to Hardcastle Restaurants Pvt Ltd, currently the most popular franchise of McDonald’s’ products in West and South India. As a young man in his 20s, he queued up outside the Linking Road outlet of McDonald's for a portion of McNuggets. The Jatia family, promoters of Hardcastle Restaurants, the licensee for the world's biggest restaurant chain McDonald's, is consolidating its various businesses under a listed parent company at a time when the restaurants and eating out industry is growing at 15-20% in India. According to a Finapp report, the estimated net worth of Shloka Mehta is USD 18 million (about Rs 120 crore). Fast food tycoon Amit Jatia, who is part of the family and who has the master franchise for McDonald’s in India, said he was travelling when TOI contacted him on Tuesday. On April 28, MD of Hardcastle Restaurants Amit Jatia and his wife Smita Jatia hosted a grand wedding of his son Ayush Jatia in the plush Four Seasons Hotel in Bahrain with the daughter of a well-known family Diya Mehta. It sure did; Jatia exited with a 3x return after four years. 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