NewsPulsar Capital in talks to buy Andhra cuisine chain Nandhana Palace for $50–60 million Priyamvada C2 min read25 Dec 2025, 01:35 PM ISTThe acquisition is part of Pulsar’s broader strategy to build a food platform through the consolidation of multiple assets. SummaryThe Dubai-based private equity firm is looking to fold the Bengaluru-based restaurant chain into a larger food platform as investor interest in mid-sized dining brands accelerates. Pulsar Capital, a Dubai-based investment firm, is in advanced discussions to acquire Bengaluru-based Nandhana Palace, an Andhra-cuisine restaurant chain, two people familiar with the matter told Mint. The deal size is expected to be $50-60 million ( ₹449-538 crore) and would likely provide a full exit to the promoters, one of the people said, adding that the transaction is likely to close in the coming weeks. The acquisition is part of Pulsar’s broader strategy to build a food platform through the consolidation of multiple assets, the second person said. Both spoke on the condition of anonymity. The mid-market private equity firm has a strong footprint across India, West Asia and other emerging markets. Led by former TPG executive Vish Narain, Pulsar has backed several consumer-facing companies, including Biryani by Kilo and Blue Tokai, and earlier this year partnered with PJP Investments to bring Papa John’s Pizza to India. Also Read | Forget McDonald’s. This Chinese fast-food chain is now the world’s biggest. Pulsar and Nandhana did not immediately respond to Mint’s requests for comment. Founded in 2004 by Ravichandar Ramaswamy, Nandhana Palace is among the more prominent Andhra-style restaurant chains, with multiple outlets across Bengaluru and Chennai.
