Barista (company)

Last updated

Barista Coffee Shop
Company type Public
Industry Coffee House
Founded2000;24 years ago (2000)
Headquarters301–304, Vipul Agora Mall, MG Road, ,
Number of locations
over 425 cafes (March 2024) (140+ cities)
Area served
[1]
Key people
  • Rajat Agrawal (CEO)
Products
Website barista.co.in

Barista is a chain of espresso bars and cafes that operates in the Indian subcontinent. It is headquartered in Gurugram, India, [2] and maintains outlets across India, [1] and in other regional countries such as Sri Lanka, [1] and Maldives. [1] It is the oldest coffee house chain in India and is currently India's second-largest coffee chain with over 425 cafes as of March 2024. It also sells a number of FMCG products through Modern & General retail stores across multiple locations. [3]

Contents

In Sri Lanka, Barista has been named the most popular service provider under cafes and coffeehouses category for 2021 in the exclusive customer experience ranking announced by LMD.

History

Early years

Our journey from bean to cup started in year 2000. Café culture had not set its footprint and coffee was still considered a luxury. Our quest to provide a true coffee experience and brew a perfect cuppa led us to create the brand Barista. Spearheading the Indian café culture, Barista was an opportunity to discover both the coffee and the craft.

Tata Group

A 34.3% equity stake was sold to Tata Coffee in 2001. [4]

Sterling Infotech Group

C Sivasankaran bought the remaining 65 per cent in Barista from the Amit Judge-controlled Turner Morrison in 2004, and his Sterling Group also bought out Tata Coffee's stake later. The coffee was supplied by the Indian roaster Fresh and Honest, headquartered in Chennai, which was also owned by the Sterling Infotech Group. [5]

ABN AMRO and Barista Coffee Company had jointly launched a credit card, "ABN AMRO Barista Credit Card", by which customers can avail discounts at its outlets. [6]

Lavazza

In 2007, the Sterling Group sold Barista, along with the Chennai-based Fresh and Honest roaster, to Lavazza. [7] [8] As of 2009, the chain had 200 stores in India, with an estimated annual revenue of 200  crore. [9]

Lavazza sold Barista to Boutonniere Hospitality Private Limited in 2014 (formerly “Carnation Hospitality Private Limited”). [10]

Boutonniere Hospitality Private Limited

In 2014, Lavazza sold the coffee shop chain to Boutonniere Hospitality Pvt. Ltd., formerly known as Carnation Hospitality Pvt. Ltd. [10] Lavazza however continues to supply the coffee to Barista through the Chennai-based Fresh and Honest roaster retained by the company. [11]

Boutonniere Hospitality Pvt. Ltd. targets to increase the footprint of Barista by increasing the number of cafes to 1000, and the number of stores selling its consumer products to 1000, by 2025. [3]

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References

  1. 1 2 3 4 "About Us" at the Barista official website. Retrieved 20 June 2018.
  2. "Contact Us". Barista. Archived from the original on 27 April 2012. Retrieved 17 April 2012.
  3. 1 2 "Barista eyes doubling India store count to 500 in 3 years". The Economic Times. 3 December 2018. Retrieved 28 November 2019.
  4. "Tata Coffee joins hands with Barista". The Hindu . Chennai, India. 9 February 2011. Archived from the original on 22 January 2002. Retrieved 1 September 2008.
  5. Bailay, Rasul; Bhushan, Ratna (12 March 2014). "India's oldest coffee chain Barista in buyout talks with its first CEO Ravi Deol's IHC". The Economic Times. Retrieved 28 November 2019.
  6. "ABN AMRO-Barista Coffee launch credit card". The Economic Times. 11 March 2006. Retrieved 11 March 2006.
  7. Datta, Kausik (9 March 2007). "Italy's Lavazza to buy Barista". Rediff India Abroad. Retrieved 17 April 2012.
  8. 1 2 Dhall, Aman (7 October 2007). "Coffee majors adopt brand extension". The Economic Times . Retrieved 1 September 2008.
  9. Chatterjee, Kakoly (6 November 2009). "Barista to expand with 25 more outlets". Financial Express . Retrieved 8 November 2009.
  10. 1 2 "Lavazza to Exit Coffee Shop Business in India with Barista Sale". NDTV. 12 August 2014. Retrieved 12 August 2014.
  11. "Lavazza sells Barista, exits coffee-shop business in India". @businessline. Retrieved 28 November 2019.
  12. 1 2 Shi, Jane (6 April 2011). "Starbucks, Café Coffee Day Favorites to Conquer India's Emerging Coffee Market". 2point6billion.com. Retrieved 6 April 2011.
  13. 1 2 Priyanka Dasgupta Brahma (10 January 2010). "Costa Coffee rejigs India strategy". Financial Chronicle. Archived from the original on 16 September 2011. Retrieved 10 August 2011.