Pind Hospitality Limited IPO Details

Incorporated in June 15, 2021, Pind Hospitality Limited is engaged in the hospitality sector, specifically in hotels and restaurants.

The company has completed over 5 lakh deliveries and is recognized as one of the long-standing restaurant partners in Pune by third-party food delivery apps.

The company served 2.18 lakh, 4.23 lakh, 4.43 lakh, and 0.96 lakh orders through food delivery apps in the six months ending September 2024, 2024, 2023, and 2022, respectively.

The company sources raw materials from local and organized vendors to meet safety and quality standards, including perishable items like dairy, vegetables, and meat. Restaurants undergo routine audits for FSSAI compliance.

Services:

• Restaurants: The company, along with its partnership firm Pind Punjab, operates six restaurants in Pune, Maharashtra, with no permanent closures since 2016.
• Delivery: The company serves customers through third-party food delivery apps, its own mobile app, online bookings, and phone orders. It also offers mobile pre-ordering for pick-up within a 6 km radius.
• Outdoor Catering: The company also offers outdoor catering services for special events and workplace canteens, with revenue of ₹80.69 lakhs, ₹64.38 lakhs, ₹59.84 lakhs, and ₹51.16 lakhs in recent periods.
• Advertising Strategy: The company targets middle and upper-middle-class consumers through advertising focused on fresh, affordable food. It uses various media, including internet, print, direct marketing, and social media, to increase brand awareness.

As of September 30, 2024, the company had 138 staff, who formed a part of the central functions including finance, human resources and administration.