We enclosed herewith press releases in respect of the progress in Three new franchise locations in Ahmedabad and signing of Strategic Agreement with Sunfin Realty Private Limited to Drive ....
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Neopolitan Pizza and Foods Ltd, a BSE-listed QSR and food retail company based in Vadodara, has announced the signing of three new franchise outlets in Ahmedabad, strengthening its presence in Gujarat. The company has also entered a strategic agreement with Sunfin Realty Private Limited to support its FOCO (Franchise Owned Company Operated) expansion model. Under this partnership, Sunfin Realty will help identify prime commercial properties and source investor partners across key growth markets. The FOCO model allows franchise partners to own the infrastructure while the company manages operations, supporting an asset-light growth approach. This announcement reflects the company's continued focus on scaling through franchise-led and FOCO models in India's growing organized QSR and food retail space.
Positive growth signal — the expansion is asset-light and franchise-driven, meaning limited capital outlay for the company while extending brand reach into a high-demand market. Investors may view this as a step toward faster, more structured scaling, though execution and franchisee performance will be key to watch.