• Thursday, June 20, 2024

Business

Karim Janmohamed in Forbes 30 under 30 list

Karim Janmohamed serves as co-CEO of Karali North America

Salim Janmohamed (L), Karim Janmohamed

By: Pramod Thomas

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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