Westlife Development appoints Akshay Jatia as Executive Director
Westlife Development said Akshay Jatia has been appointed as the company’s executive director.
In his new role, Akshay Jatia will lead the overall business strategy to further strengthen McDonald’s as the premier destination for food tech across all platforms in West and South India. He will be responsible for Westlife’s long-term strategy and overseeing and managing the affairs of the company.
Akshay joined McDonald’s in 2015 and over the past seven years has worked cross-functionally to drive strategy, operations, marketing and IT and synergize them to grow the brand. He has successfully led many business critical projects.
Amit Jatia, Vice President – Westlife Development, said, “Akshay is a strong, dynamic and values-driven leader and I would like to congratulate him on his promotion. In the past, he successfully led the omnichannel strategy and built the delivery system from the ground up, in addition to spearheading several technology innovations for McDonald’s, which made the brand progressive and relevant to our consumers. constantly evolving. I am confident that Akshay’s strengths, next generation thinking and experience will help propel our company to its next level of success.
Westlife Development is focused on establishing and operating Quick Service Restaurants (QSRs) in India through its subsidiary Hardcastle Restaurants (HRPL). The Company operates a chain of McDonald’s restaurants in western and southern India, having a master franchisee relationship with McDonald’s Corporation USA, through the latter’s Indian subsidiary.
The company reported a consolidated net profit of Rs 15.32 crore in the quarter ended March 2022 compared to a net loss of Rs 6.46 crore in the previous quarter ended March 2021. Sales increased by 26.52 % YoY to reach Rs 444.02 crore in Q4 FY22.
The certificate rose by 0.41% to currently trade at Rs 461.65 on BSE.
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