Jubilant FoodWorks which is operating Dominos Pizza chain in India is aiming to diversify its business into new areas, including operating hotels and other non-food segments such as garments and fashion accessories. The company will get to know if the shareholders have approved new plan when the result of the postal ballot is announced on April 21, 2011.
As per the company's plan, it is seeking to enter into businesses such as stationary items, fashion accessories, toys, gift items, DVDs, VCDs and home decor items. Apart from this, it is also looking to operate hotels, restaurants, beach resorts, health resorts, cafes and motels. The company has drawn up plans to tap huge market available by venturing into new business initiatives in the food business. Other items that the company could start dealing in are baby and dietetic products, pickles, spices, wines and liquors. The firm also has intentions to cultivate, prepare or market any organic, agricultural or plantation produce and sell it in India or elsewhere.
The company is also planning to construct, own, hire or maintain cold storages, ice plants, warehouses, freezing houses and room coolers for storing food products being dealt by the company as a part of its business in India.
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