Indage Restaurants and Leisure was incorporated on October 07, 1982. The company has restructured into the restaurant and hotel business as part of the Indage group’s plan to create sharp focus and concentrate on each core business to compete effectively in the market place. Earlier known as Champagne Vineyards, it got its present name on July 18, 2008. Champagne Indage and Indage Vineyards are other group companies.
Having developed expertise, brand equity and capabilities in the hospitality and multi-unit restaurant business in India, the company has some well-received and highly commercially successful ventures in restaurants, bistros and lounges like Athena, Zaha, Prive, Tetsuma, IVY, Nando`s. Recent awards include Times Best Oriental & Japanese Restaurant Award for its Japanese restaurant Tetsuma, the Times Nightlife Award for its lounge and nightclub Athena, and Silver Award for Mumbai`s Best Restaurant & Cafe.
As part of its strategy to spread across Mumbai city, the company opened its third outlet adding to Nando’s chain of International restaurants in New Mumbai at Vashi in 2008. Earlier IVY Café and Bistro were opened at Versova in Mumbai and at Dhole Patil Road in Pune respectively. Combining the eclectic cuisine of a bistro and the convenience of a cafe, these provide a unique ambience for its guests. Mauve, located in one of the posh area of Pune at Koregaon Park doubles up as an art gallery, and an inner sanctum becomes the dance floor. Nando`s Indage Restaurants is a subsidiary company.
Business areas of the company:
The company's principal activity is to manufacture wines.The products of the company include sula, red and white wine, rose wine and sparkling wine. It is also involved in the hotel business where it provide soups, starters, traditional curries, sea foods and desert with their partner company named Champagne Indage limited.
The company has established a market presence in fine dining, high-end bar and club sectors. Under a scheme of arrangement approved by the High Court in Mumbai and effective from Jan. 01, 2006, the company took over the restaurant and hotel business undertaking of the Indage Hotels. Its agriculture and viticulture business undertaking was transferred to and taken over by Indage Vineyards, a private limited company, for a cash consideration of Rs 23 million.
The company has decided to open a 100% subsidiary company in UK to pursue its global business prospects.
1982 - The Company was incorporated on October 7, at Mumbai. The Company was promoted by the Indage group of industries and is a 100% export oriented unit. The company's object is to manufacture of wines and liquors. The Company entered into a technical collaboration agreement with Champagne Technologies (C.T.) of France. Under the agreement C.T. would provide process know-how, assist in selecting machinery and depute technical personnel to supervise and monitor the trial runs and commercial production. Each year, CT would also depute wine masters at various stages to supervise the grape crushing, fermentation and bottling of the sparkling wines.
1987- Production declined to 11,111 bottles due to sluggish demand.
1993-The Company continued to incur loss due to heavy incidence of cost of interest and unremunerative prices in the overseas market.