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Manish joined Dhamecha Foods Ltd in 1980. His current role as managing director of Dhamecha Foods - which was a founder member of the Today’s Group - includes the day-to-day running of a multi food and drinks cash and carry business which has grown steadily to a turnover exceeding £300m. Manish has been a Board director of Nisa-Today’s for nearly 20 years.
Manish is a member of Nisa-Today’s Strategic Development & Acquisitions Committee.
Pradip, 49, and his brother Manish Dhamecha, 48, have stakes in the family-owned Dhamecha Group, which supplies convenience stores, off-licences and pubs. The London-based business is worth £35m. The Dhamechas also own Megnum Properties, which had £5.3m net assets in 2006-07. It paid out £27m in dividends in 2002-03. With other assets such as the £5m Kola Snack Foods, the Dhamecha family is worth £75m after tax.
Clothing chains join retail casualty list - Manish Dhamecha
* Fiona Walsh
* The Guardian, Saturday 11 February 2006 00.01 GMT
* Article history
The hard-pressed retail sector was dealt another blow yesterday as administrators moved in at the cut-price clothing chains, QS and Bewise, which together have 343 shops and employ 4,500 people.
They are the latest in a lengthening line of retailers to collapse and there are fears of more to come as consumer spending remains subdued and high street trading conditions become increasingly cut-throat.
In the past five months administrators have taken over at Allsports, Furnitureland, off-licences group Unwins, music chain MVC and the fashion group Kookai, putting thousands of retail jobs at risk.
Grant Thornton was called in by directors of Hamsard 2353, which is the parent company of QS and Bewise. Administrator Malcolm Shierson said yesterday that most of the employees will keep their jobs: "We believe the majority [of positions] will survive."
The administrators will work with the management team to implement a radical restructuring of the business in an attempt to return it to profitability. Manish Dhamecha
Mr Shierson said: "The turnaround of the group represents a significant challenge but we're confident of working our way towards a positive solution."But", he warned, "inevitably there will be some short-term pain." He would not say how many stores will close, but it could be as many as 125. He expects "a good level of interest" in the shops.
Mr Shierson estimated that the business had suffered operating losses of as much as £15m to £20m over the past few years. The two chains suffered a poor Christmas and depressed trading in January, which proved the final straw.
Chief executive Serge Khela stepped down last week and his role was taken over by the chairman, Findlay Caldwell, the former head of the RAC's consumer services arm.
The value end of the clothing market has expanded rapidly in recent years and is now estimated to be worth more than £6bn, accounting for almost 20% of the overall market. It has also become fiercely competitive, however, with major players such as Tesco, George at Asda, Primark, Peacocks and TK Maxx all fighting for trade.
Brighton-based QS, which stands for Quality Seconds, was founded in 1932 as a clothing maker supplying stock to stores in London's West End. It became a supplier to Marks & Spencer during the second world war and in the 1960s opened factory outlet shops to sell stock that did not meet M&S's quality control standards. It stopped selling seconds in the late 1980s, but kept the QS name. The company floated in 1990 but was taken private in a £15.8m deal just over three years ago. The buyers were a group of wealthy Indian investors led by brothers Pradip and Manish Dhamecha who did the deal via their Hamsard 2353 company. In 2003 Hamsard bought the rival Bewise chain, which had 200 stores, for an undisclosed sum.
The Dhamecha family interests range from cash-and-carry outlets to property and paper, and their wealth was estimated at £80m in the 2005 Sunday Times Rich List.
Mr Shierson said the Hamsard shareholders, who have injected substantial amounts into the business, are supporting the restructuring efforts. Manish Dhamecha
"The shareholders are hoping to exit by way of a corporate voluntary arrangement, whereby they will retain the business if they can offer creditors at least the same as they would get in a sale," he said.
Dhamecha takes over Salamis - Manish Dhamecha
Grocer , June 19, 1999 - findarticles.com
London based wholesaler Dhamecha Foods is entering the on trade by buying specialist licensed distributor Salamis.
This latest acquisition adds a third depot to existing distribution centres in Wembley and Barking.
It makes the company the second largest in the Nisa Today's group, taking its annual turnover to 150m [pounds sterling].
Joint chief executive Manish Dhamecha said: "The Caledonian Road depot in north London provides us with a major focus in the specialist wine and delivered on trade sectors."
He added: "We will invest to modernise the depot and upgrade the IT systems.
"We plan to expand the company's 25m [pounds sterling] annual turnover and ensure it meets modern trading requirements, and also intend to add impulse foods to the depot."
Managing director Laki Christoforou will stay on at the renamed Dhamecha Salamis, running day to day operations with Dhamecha's joint chief executive Emit Dhamecha.
Deputy md of Nisa Today's John Schofield said: "It is a good to see a Today's Group member of this quality continuing to grow and broaden its business."
Avon Capital - Manish Dhamecha
Avon Capital commenced operations on 1st October 1990 as a Financial Services and Management Consultancy Company. The founding Directors of Avon, Dr. P.V. Gopal and Mr. Ravindra Gopal, both have more than 2 decades of experience in Banking, Financial Services, Consulting and Training. Mr. Dinesh Parekh, Company Executive with wide business contacts and Messers Pradip Dhamecha and Manish Dhamecha, Directors of the Dhamecha Group, UK, with interests in food products, paper and telecom and business operations spread over Europe and Africa, joined the Board of Directors of Avon a few years later (Resigned in July 2006). The day - today operations of the company are managed by professionals with wide experience in industry and Consulting.
|This site is for Manish Dhamecha
During the past 11 years, AVON has built a strong client base in Mumbai, Baroda, Pune, Ahmedabad, Delhi, Calcutta, Bangalore and Hyderabad. The Company is headquartered in Mumbai. Avon Capital deals primarily with large well-established Companies and Groups such as Tatas, Birlas, Godrej, Kalyanis, Bhartias, Murugappa, Mahindras, Kvaerner, KSB Pumps, L&T and others. Manish Dhamecha
Hunt given new role at Today's - Manish Dhamecha
Published: 08 April, 2009 - prowholesaler.co.uk
Today's managing director Rodney Hunt's retirement was marked at the group's Annual Awards evening at the Chesford Grange Hotel, Kenilworth, but it was also revealed that his links with the group will not be completely severed.
As a token of their appreciation for Rodney's 27 years with the group, founders Peter Garvin and Dudley Ramsden presented him with tickets for a trip to New England in the US. It was also announced that he will take up the role of the Today's Group Wholesale Council chairman, replacing Manish Dhamecha who is stepping down to spend more time operating Dhamecha Foods Ltd.
Nisa-Today's ceo Neil Turton said Rodney's vast experience of the wholesale industry would be invaluable in guiding the Wholesale Council as it moves forward. Manish Dhamecha