Ketan Kadam

Ketan Kadam
Alma materUniversity of Mumbai
Occupations
Known for
  • Founder of Maroosh
  • Founder of Fire n Ice
  • Founder of Two One Two Bar and Grill
Children1

Ketan Kadam is an Indian entrepreneur and restaurateur. He is the chairman and managing director of Impresa Hospitality Management Pvt. Ltd and has owned or co-owned a number of successful businesses, including the Fire n Ice nightclub, the quick-service Maroosh restaurant chain, and the Two One Two Bar and Grill. He owns restaurants across India and in Sri Lanka, Singapore, and Hong Kong[1][2] and won an award from People for the Ethical Treatment of Animals (PETA) for a non-restaurant tourist business.[3]

Education

University of Mumbai

Kadam, who grew up in Mumbai,[4] has a Bachelor of Arts degree from the University of Mumbai and a Diploma in Hotel and Catering Technology.[5]

Career

1990s

Lower Parel, India

An early venture, Kadam launched the successful Fire n Ice nightclub in 1999 in Lower Parel along with partners Vishal Shetty, Rajiv Shah, and Neeraj Rungta.[4][6][7] The nightclub was one of the first in Mumbai and one of the most popular, with a strong draw from the junior college and college crowd.[8][9][10] In April 2014, Kadam and Shetty threw a reunion party on the 15th anniversary of the launching of Fire n Ice, which closed in 2004.[10][11]

2000s

At 22 or 23 years of age, Kadam mortgaged his home in 2000 to help launch the Lebanese restaurant Maroosh.[12] The restaurant expanded into a quick-service chain.[13] In 2014, Kadam sold 43% of the chain's shares to UTV founder Ronnie Screwvala.

2010s

Ronnie Screwvala, who bought 43% of Maroosh’s shares in 2014

In 2010, Kadam and partners Arish Khajotia, Gaurav Kapur, and Jay Makhijani opened the fine dining Italian restaurant Two One Two Bar and Grill in Worli.[8][4][14] In its review of the restaurant, The New York Times wrote that it was frequented by the "glamour set."[15] Khajotia and Kadam had a public falling out in 2012 when the former disputed the fairness of share-holding agreements related to their business ventures.[8]

In 2012, Kadam opened the first in a planned series of budget restaurants, the Cafe Sundance in Churchgate.[4][16] In 2014, he opened quick-service restaurant "Sliders" in Bandra, the first in a planned chain.[17][18]

As of 2013, he was working towards opening bars in Colaba, Bandra, and Malad.[9]

Although he started his career with nightclubs, by 2015 he was leaving the alcohol business.[1] He made this decision partly because he saw more opportunity for growth in restaurants and partly because of the "headache" involved in a business that primarily sells alcoholic beverages.[1]

Awards

A horse-drawn cartridge in Mumbai

In 2019, Kadam and actor Dino Morea jointly received the "Innovative Business Award" from People for the Ethical Treatment of Animals for a business venture that would replace horse-drawn carriages for tourists in Mumbai with battery-powered electric carriages.[3][19][20] He tested a prototype of the carriage by driving his daughter to her school bus stop each morning.[21]

Invention

Further information: Manhole cover § Theft
Round manhole cover

In 2017, Kadam invented an anti-theft device for manhole covers.[22] The heavy metal safety devices are sometimes stolen for their value as scrap metal. “I am planning to get clamps that can be locked from inside and can be opened with key-like tools that can be operated only by an authorised person. I also want to put sensor lights on the grid cover, which can light up on contact with water. This would be helpful for warning people if the main cover is missing or unlocked,” Kadam said.[22]

Personal life

Kadam is married and has a daughter.[22]

References

  1. ^ a b c "We have revenue of 12-14 lakh per outlet – Ketan Kadam". Indian Retailer. 14 September 2015. Retrieved 2 February 2024.
  2. ^ "Impresa Hospitality to add 300 restaurants to Maroosh brand, expand overseas". India Retailing. 23 May 2017. Retrieved 2 February 2024.
  3. ^ a b IANS (10 December 2019). "PETA awards Dino Morea, Ketan Kadam for e-carriage initiative". The Statesman. Retrieved 2 February 2024.
  4. ^ a b c d Sumitran, Neha (16 July 2012). "Sundance Kid". Time Out Mumbai. Archived from the original on 11 April 2014. Retrieved 9 May 2014.
  5. ^ "Ketan Kadam - MD/CEO". Impresa Hospitality Management Pvt Ltd. Archived from the original on 12 May 2014. Retrieved 9 May 2014.
  6. ^ "Scene and Heard". Food and Hospitality World. 31 May 2008. Retrieved 9 May 2014.
  7. ^ Sangghvi, Malavika (21 April 2014). "A Nice Man to Know". Mid-Day. Retrieved 9 May 2014.
  8. ^ a b c "Feud and beverages: Hospitality partners beat each other up". Mumbai Mirror. 7 September 2012. Retrieved 9 May 2014.
  9. ^ a b Ratnam, Dhamini; Anjana Vaswani (4 August 2013). "Where's the Fun in That?". Mumbai Mirror. Retrieved 9 May 2014.
  10. ^ a b Makhija, Prema (29 April 2014). "Lounge Preview: Fire N Ice Gathering". Live Mint & Wall Street Journal. Retrieved 9 May 2014.
  11. ^ Alves, Glynda (30 April 2014). "Reigniting Fire n Ice". Economic Times. Retrieved 9 May 2014.
  12. ^ Chaudhuri, Sriya Ray (29 June 2012). "Mega Bites: There's big money in the business of food". Entrepreneur. Archived from the original on 9 May 2014. Retrieved 9 May 2014.
  13. ^ Naidu, Rajesh; Sagar Malviya (20 March 2014). "Ronnie Screwvala buys 43% in Lebanese food chain Maroosh, deal seen at Rs 50 crore". Economic Times. Archived from the original on 21 March 2014. Retrieved 9 May 2014.
  14. ^ Sumitran, Neha (1 March 2012). "Two One Two Bar and Grill". Time Out Mumbai. Archived from the original on 9 May 2014. Retrieved 9 May 2014.
  15. ^ Vora, Shivani (10 June 2011). "Restaurant Report: Two One Two Bar and Grill in Mumbai". New York Times. Retrieved 9 May 2014.
  16. ^ Mehra, Purva (27 November 2013). "Restaurant review: Cafe Sundance". Mumbai Boss. Archived from the original on 9 May 2014. Retrieved 9 May 2014.
  17. ^ Editors (13 March 2014). "Otto Infinito Has Been Replaced By Café Infinito". Mumbai Boss. Archived from the original on 12 May 2014. Retrieved 9 May 2014. {{cite web}}: |last= has generic name (help)
  18. ^ Mehra, Purva (25 June 2013). "Seven Openings To Look Forward To This Monsoon". Mumbai Boss. Archived from the original on 12 May 2014. Retrieved 9 May 2014.
  19. ^ "'Cruelty-free' e-Victorias to stay in Mumbai after SC stands by Bombay HC". The Times of India. 8 February 2023. ISSN 0971-8257. Retrieved 2 February 2024.
  20. ^ "Dino Morea and partners to start electronic Victoria buggy service in Mumbai". 23 August 2019. Retrieved 2 February 2024.
  21. ^ Shrivastava, Manu (28 March 2021). "Victorias are back and on a trot too!". The Draft. Retrieved 2 February 2024.
  22. ^ a b c Singh, Dipti (8 September 2017). "This man has a solution to open manholes". The Indian Express. Retrieved 2 February 2024.

Further reading