Company Intelligence Profile
Qsr Brands India Private Limited
QSR Brands India Pvt Ltd is a Mumbai-based cloud-kitchen / multi-brand QSR operator founded by Manoj Kudtarkar, originally running ~15 delivery-only food brands (incl.
Last updated 17 August 2026
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
Confirmed| Registered name | Qsr Brands India Private Limited |
|---|---|
| CIN | U55209MH2019PTC320686 |
| PAN | AAACQ5911H |
| Status | Active |
| Listing | Not listed (private limited company; no stock exchange listing found) |
| Incorporated | 05 February 2019 |
| ROC | RoC Mumbai (Maharashtra) |
| Sector (NIC) |
|
| Registered address | Office No. 35, Marol Co-op Industrial Estate Ltd., Ajanta House, S.I.R. M.V. Road, Andheri East, Mumbai, Maharashtra 400059 |
| Authorized capital | ₹10.0 Lakh |
| Paid-up capital | ₹1.0 Lakh |
Business Overview
Confirmed- QSR Brands India Pvt Ltd is a Mumbai-based cloud-kitchen / multi-brand QSR operator founded by Manoj Kudtarkar, originally running ~15 delivery-only food brands (incl. New York Waffles & Dinges, Hakka Makka, Starboy Pizza & Shakes, Jenny's Homemade Brownies) across 120+ outlets in Mumbai, Pune, Ahmedabad, Delhi and Kolkata
- In January 2020, Ghost Kitchens (led by Karan Tanna) acquired a majority stake in QSR Brands India (deal value undisclosed; company valued at ~US$5.5 million at the time), alongside a parallel majority-stake deal in sister company Eathos Group (valued ~US$2.2M)
- The entity now sits inside the Ghost Kitchens India group — described on the group's official site (ghostkitchensindia.com) as "a hybrid platform of cloud kitchens and strategic celebrity-led QSRs," running brands such as Bad Boy Pizza (with rapper Badshah), Speak Burgers (Chef Vicky Ratnani), Koolfi and Starboy Pizza (inventor of "Calizza®")
- Note: TheCompanyCheck separately reports DPIIT startup recognition, FY2024 revenue of ₹28.8 Cr and 22 employees for this entity, and describes it as a subsidiary of "Ghost Kitchens Private Limited" — consistent with the acquisition narrative above
Directors
Confirmed| Name | DIN | Role | Appointed |
|---|---|---|---|
| Karanraj Jayendrabhai Tanna | 05231860 | - | - |
| Jayendra Vandravandas Tanna | 07381264 | - | - |
GSTINs
Partial / conflicting| GSTIN | State | PAN | Status |
|---|---|---|---|
| 27AAACQ5911H1ZI | Maharashtra | AAACQ5911H (Source: Tofler; consistent with GSTIN prefixes e.g. 27AAACQ5911H1ZI) | - |
| 07AAACQ5911H1ZK | Delhi | AAACQ5911H (Source: Tofler; consistent with GSTIN prefixes e.g. 27AAACQ5911H1ZI) | - |
| 30AAACQ5911H1ZV | Goa | AAACQ5911H (Source: Tofler; consistent with GSTIN prefixes e.g. 27AAACQ5911H1ZI) | - |
| 23AAACQ5911H1ZQ | Madhya Pradesh | AAACQ5911H (Source: Tofler; consistent with GSTIN prefixes e.g. 27AAACQ5911H1ZI) | - |
| 08AAACQ5911H1ZI | Rajasthan | AAACQ5911H (Source: Tofler; consistent with GSTIN prefixes e.g. 27AAACQ5911H1ZI) | - |
| 06AAACQ5911H3ZK | Haryana | AAACQ5911H (Source: Tofler; consistent with GSTIN prefixes e.g. 27AAACQ5911H1ZI) | Cancelled |
Aggregated from a search-engine snapshot (not individually re-verified on knowyourgst.com per-GSTIN pages — direct fetch attempt returned no data) — treat as partial confidence: - 27AAACQ5911H1ZI — Maharashtra (Mumbai Suburban), registered 30 Apr 2019 — likely primary/home-state GSTIN - 07AAACQ5911H1ZK — Delhi, registered 04 Mar 2020 - 30AAACQ5911H1ZV — Andhra Pradesh, registered 28 Feb 2022 - 23AAACQ5911H1ZQ — Madhya Pradesh (date not obtained) - 08AAACQ5911H1ZI — Rajasthan (listed in aggregator results, not independently confirmed) - 06AAACQ5911H3ZK — Haryana — CANCELLED (status cancelled ~15 Mar 2022) PAN embedded in all GSTINs (AAACQ5911H) matches the PAN reported by Tofler for this exact entity, which mitigates (but does not eliminate) entity-confusion risk. Home state: Maharashtra. Registrations found: 6 (5 apparently active, 1 cancelled) — count not certified as exhaustive.
Financials
Partial / conflictingLatest available figures (entity-level, standalone; no audited P&L/balance-sheet PDF located):
- FY2023-24 operating revenue: Tofler brackets it at ₹25–50 crore (shown as a range, not exact)
- Borrowings: TheCompanyCheck/Tofler note borrowings rose 222.26% YoY in FY ending March 2024.
- Secured charges outstanding: ₹7.8 crore total (see Charges section) as a proxy for debt level.
- EBITDA, PAT, and net worth: not obtained.
Tofler, TheCompanyCheck.
Funding
Partial / conflictingEntity-level event confirmed: Jan 2020 — Ghost Kitchens (Karan Tanna) acquired a majority stake in QSR Brands India Pvt Ltd; deal size undisclosed; company valuation reported at ~US$5.5 million at that time. Caution / entity-confusion flag: separate press coverage of a "$5 million Series A led by GVFL Limited" refers to the parent Ghost Kitchens India Pvt Ltd (or its brand-holding entity), not confirmed as raised by this specific CIN (QSR Brands India Pvt Ltd) — excluded from this entity's funding record per the no-entity-confusion rule. No Tracxn round-name data was pulled in this pass.
Charges
Confirmed3 open charges on record, per Tofler, totaling ₹7.8 crore: 1. UC Inclusive Credit Private Limited — ₹5.0 crore — created/modified 27 Jul 2024 2. ICICI Bank Limited — ₹2.0 crore — created/modified 21 Sep 2024 3. Mitcon Credentia Trusteeship Services Limited — ₹0.8 crore — created/modified 31 Jul 2023 No satisfied/closed charges reported in the snippet retrieved.
Competitors
Partial / conflictingNamed peers in the Indian multi-brand cloud-kitchen / QSR-platform space:
- Rebel Foods (EatSure / Faasos / Behrouz Biryani) — large scale, well-funded unicorn, the dominant player in this category
- Curefoods (EatFit, Sharma Ji Ki Rasoi, and other acquired brands) — large scale, well-funded
- Box8 — mid scale
- Freshmenu — mid scale
- Biryani By Kilo — mid scale, category-focused
- Eathos Group — small/comparable scale, notably a sister company under the same Ghost Kitchens parent rather than a true external competitor
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