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Karim Janmohamed in Forbes 30 under 30 list

Karim Janmohamed serves as co-CEO of Karali North America

Karim Janmohamed in Forbes 30 under 30 list

ASIAN entrepreneur Karim Janmohamed has found a place in this year’s Forbes 30 Under 30 Cleveland list.

Janmohamed, 24, is the co-CEO of Karali North America, a franchise of fast-food restaurants in Ohio and Pennsylvania.


According to Forbes, the company owns 32 Burger King restaurants and over 700 employees. It is projecting $50 million in revenue this year.

The list featured millennials and Gen Z entrepreneurs in the food and beverage, technology and hospitality industries who are 'igniting an entrepreneurial renaissance in Cleveland'.

Janmohamed led the acquisition of a portfolio of Burger King restaurants across Ohio and Pennsylvania. He is also head of Investments and Strategy for the Karali Group.

It is a family-owned business with a four-decade-plus track record in the QSR and hospitality space across leading brands.

He joined Karali from a career in Investment Banking (M&A) at Evercore. Jammahomed is a graduate of the London School of Economics and the University of Cambridge.

His father Salim Janmohamed is the chairman and founder of the group which has over four decades of experience in the fast-food, casual dining and hospitality business.

Last year, Burger King’s UK arm acquired its second largest franchise operator Karali Group which owns 74 restaurants.

The group has been a long-standing franchise partner of both Burger King and Wimpy fast food outlets in the UK.

A keen philanthropist, Salim is an expert in the turnaround of operations, sales and profitability of businesses. He is a senior volunteer in his Ismaili community and plays an active part in the local communities.

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Veeraswamy acquisition

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Canada's Fairfax Financial acquires owner of UK's oldest Indian restaurant Veeraswamy

Highlights

  • MW Eat sold to Fairfax Financial Holdings for undisclosed sum.
  • Veeraswamy, opened in 1926, currently locked in court battle with Crown Estate.
  • Founders to continue working with new owners for seamless transition.
The owner of Britain's oldest Indian restaurant has been acquired by a Canadian private equity house as it seeks to expand internationally, amid an ongoing legal battle over the historic venue's future.

MW Eat, which operates the Michelin-starred Veeraswamy alongside restaurant chains including Chutney Mary, Amaya and Masala Zone, has been bought by Toronto-based Fairfax Financial Holdings for an undisclosed sum.

Veeraswamy has been based in Victory House off Piccadilly Circus since 1926 and has served high-profile guests including Charlie Chaplin and Mahatma Gandhi over the years. However, the restaurant faces potential closure as the Crown Estate wants to reclaim the building to extend the ground floor reception area serving offices on the upper floors.

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