The company is in the process of closing its restaurant brands, which include Just Around The Corner, The Pizzeria, China Joe, Tendulkar's; and hotels (the Gordon House hotel) and pastry shops (Birdy's Cake Khazana).
Sanjay Narang, the founder of the company, said: "I think most of our brands have a two- to three-year lifespan."
He added: "We realised that all the effort involved to set up a small outlet - getting permission, hiring staff, doing it up - is really much the same as what's needed to set-up a really big combined outlet, so in business terms it made more sense to go big."
