Travel Food Services Ltd
Past performance
About Travel Food Services Ltd Travel Food Services Limited (TFS) is a leading operator of Travel Quick Service Restaurants (Travel QSR) and airport lounges, catering primarily to travelers. Originally incorporated as ‘Bombay Pure Foods Private Limited’ in 2007, the company rebranded itself in 2009 and transitioned to a public limited entity in 2024. Its core operations span across 14 airports in India and 3 airports in Malaysia, with a recent expansion into Hong Kong in July 2024. Notably, 13 of the Indian airports it operates in rank among the 15 largest in the country by passenger traffic, including major hubs like Delhi, Mumbai, and Bengaluru.
The Travel QSR business focuses on fast and convenient food and beverage options tailored for secure, high-traffic travel environments. TFS operates the largest network of Travel QSR outlets in India, with 313 of its 340 outlets located in airports as of March 31, 2024. It also maintains a smaller presence on highway sites. The company’s lounge business serves first and business-class passengers, airline loyalty members, and select credit/debit card users, with 31 lounges operational across India and Malaysia, and a new addition in Hong Kong.
Having proven its ability to manage complex operations in high-security airport environments—including 24/7 services, multi-brand concessions, and supply chain challenges—TFS has established itself as a significant player in the travel retail space. With plans to launch an Initial Public Offering (IPO) of up to Rs. 2,000 crore through an Offer for Sale, TFS is positioning itself to capitalize on the growing travel and aviation market in India and internationally.
Performance overview