Prem Watsa, billionaire founder of Fairfax Financial Holdings, is taking the UK’s iconic Indian restaurants global. Fairfax recently acquired MW Eat, the group behind renowned brands like Veeraswamy and Chutney Mary, with plans to expand into the US, Canada, and Gulf markets, marking a new chapter for Indian fine dining worldwide.
On March 24, 2026, the Financial Times reported that Prem Watsa’s Fairfax Financial Holdings is investing heavily in MW Eat, one of the UK’s most successful Indian restaurant groups. The move aims to scale Indian cuisine internationally, leveraging MW Eat’s established reputation for premium dining experiences.
MW Eat’s Legacy
• MW Eat operates Veeraswamy, the UK’s oldest Indian restaurant (established 1926).
• Other flagship brands include Chutney Mary and Masala Zone.
• The group is known for combining authentic Indian flavors with fine dining presentation.
Global Expansion Plans
• Fairfax will fund MW Eat’s entry into North America and the Gulf.
• Plans include opening flagship restaurants in major cities like New York, Toronto, and Dubai.
• Expansion strategy focuses on premium positioning, targeting affluent diners and global food enthusiasts.
Industry Impact
• Marks a milestone for Indian cuisine, elevating it to global fine dining status.
• Could inspire other Indian restaurant groups to pursue international growth.
• Strengthens India’s culinary identity on the world stage, beyond casual dining.
Key Highlights
• Billionaire Prem Watsa acquires MW Eat to expand globally
• MW Eat owns Veeraswamy, Chutney Mary, Masala Zone
• Expansion targets US, Canada, and Gulf markets
• Focus on premium fine dining experiences
• Move positions Indian cuisine as a global luxury offering
Sources: Financial Times, LinkedIn MW Eat, One News Page