Biryani Blues

Business Overview

• Thea Kitchen Private Limited operates the "Biryani Blues" restaurant/QSR chain, an award-tagged brand specialising in Hyderabadi-style biryani, kebabs, starters and desserts, positioned around "authentic taste, quality, hygiene and convenience" [biryaniblues.com].
• The brand operates via dine-in, delivery, outdoor catering, and its own ordering app (Android/iOS) plus a hosted ordering microsite on the DotPe platform.
• Confirmed FY2025 revenue of ~₹83.5 crore and an EPFO-reported headcount of 469 (Mar 2024) indicate a mid-sized, multi-outlet QSR operation rather than a single restaurant [TheCompanyCheck].
• Source note: company website content did not explicitly disclose city count or outlet count.

Sector & Classification

Travel & Hospitality — Restaurants & Dining Services; activity code referenced as "I2" (Food and beverage service activities) [TheCompanyCheck]

Directors & Key Management

GST Registrations

Not obtained. No working GSTIN lookup could be retrieved (knowyourgst.com and mastersindia.co GST-search endpoints returned server errors; findgst.in returned an error). PAN is also not listed on registry sources, so a GSTIN could not be cross-derived. Flag as a data gap for manual follow-up.

Financials

Funding History

• No confirmed equity funding round could be identified from the permitted sources, Entrackr search and VCCircle were checked; no Biryani Blues/Thea Kitchen articles found.
• However, registered charge filings, see "charges" below, show secured debt raised via debenture trustees Orbis Trusteeship Services Pvt Ltd, ₹7 cr, Oct 2021; ₹2.5 cr, Mar 2023, and Catalyst Trusteeship Ltd, ₹9 cr, Jan 2021, — structures typically used for NCD/venture-debt instruments — indicating the company has raised institutional debt financing, likely alongside/adjacent to an equity round, but no equity investor names or amounts could be confirmed.
• The nominee directors, Arvind Cherambath Nair, Pranav Gupta, and shared directorships with Carpediem Advisors Pvt Ltd / Carpediem Capital LLP point to Carpediem Capital as a likely institutional investor, but this is inferential, directorship-overlap evidence only, and not confirmed by a funding-announcement source — reported here as "partial/unconfirmed," not fact.

Shareholding

• Not obtained — Tofler's shareholding-pattern page requires a Pro subscription, returned only director names tagged as "shareholders": Raymond Andrews, Aparna Upender Andrews, Chinnappa Anthony Andrews, with no percentages or share-class breakdown.
• TheCompanyCheck also marks shareholding as "Locked (Premium access)."

Loans & Charges

• Confirmed (Tofler) — 10 5 17 total charge records on file:
• | Lender | Amount | Date | Status |
• |---|---|---|---|
• | Orbis Trusteeship Services Pvt Ltd | ₹7.0 cr | 22 Oct 2021 | Open |
• | Orbis Trusteeship Services Pvt Ltd | ₹2.5 cr | 31 Mar 2023 | Open |
• | Catalyst Trusteeship Ltd | ₹9.0 cr | 13 Jan 2021 | Open |
• | BIFCO Leasing and Finance Pvt Ltd | ₹0.5 cr | 03 Oct 2023 | Open |
• | BIFCO Leasing and Finance Pvt Ltd | ₹0.2 cr | 27 Mar 2024 | Open |
• | BIFCO Leasing and Finance Pvt Ltd | ₹0.5 cr | 04 Nov 2024 | Open |
• | BIFCO Leasing and Finance Pvt Ltd | ₹0.4 cr | 22 Apr 2025 | Open |
• | HDFC Bank Ltd | ₹0.6 cr, | 08 Nov 2024 | Open |
• | APAC Financial Services Pvt Ltd | ₹0.2 cr | 11 Feb 2020 | Open |
• | APAC Financial Services Pvt Ltd | ₹0.1 cr | 27 Nov 2020 | Open |
• Minor 55 cr, between Tofler and TheCompanyCheck is flagged, not resolved

Related Parties

• Partial — TheCompanyCheck notes the company's directors share directorships with: Carpediem Advisors Private Limited, Carpediem Capital LLP, and Nysaa Retail Private Limited. Carpediem Capital is a known India-focused private equity firm
• The overlap plus two nominee-director seats (Nair, Gupta) is suggestive of an investor relationship but no formal related-party-transaction disclosure or shareholding confirmation was found.
• No other group/associate companies were identified.
• This is directorship-overlap evidence only, not a confirmed corporate-group structure.

Credit Ratings

• Not obtained. No CRISIL/ICRA/CARE rating was found on TheCompanyCheck, marked "Locked/Premium," which for a company of this size typically indicates no public rating exists, or via any other permitted source.

Legal & Compliance

• Confirmed (Indian Kanoon) — one matching case found: "Nagendra Singh & Anr vs.
• Food Safety Officer," Delhi District Court, judgment dated 17 April 2023.
• Involves Thea Kitchen Private Limited's outlet at Plot No.
• 25, Sector-33, Near Infocity-2, Gurugram, in a Food Safety and Standards Act, 2006 summoning-order matter, address matches the company's registered office.
• No cases were found specifically under the "Biryani Blues" name.

Competitive Landscape

• Rough peer set in the organised biryani/QSR-chain space, named for category reference; scale tags are approximate and not sourced to audited filings:
• Behrouz Biryani, Rebel Foods cloud-kitchen brand, — larger multi-city cloud-kitchen scale
• Biryani By Kilo — comparable mid-size multi-city chain, premium/family-style positioning
• Paradise Biryani, Paradise Food Court, — larger, longer-established Hyderabad-origin chain
• Ammi's Biryani — smaller/regional chain, similar Delhi-NCR/Hyderabadi-style positioning
• Meghana Foods — larger South-India-origin biryani chain
• Lucknowi/Nawabi-style regional biryani chains, various local operators, — typically smaller, single-city players
• Note: scale comparisons are directional/qualitative; no verified revenue figures were sourced for peers in this pass.

Frequently Asked Questions