
Around Town: Why Mumbaikars queue up daily at this 86-year-old iconic vada pav outlet near CST
Around six every evening, a long queue begins to form opposite Mumbai's Chhatrapati Shivaji Maharaj Terminus. These people aren't waiting for a bus or a shared taxi, nor are they buying train tickets. About 25-30 individuals — from college-goers and first-jobbers to seasoned professionals — line up outside Aram, eager for hot batata vadas tucked into slightly larger-than-usual ladi pavs. It is their way of keeping hunger at bay until they reach home.
'Our VIP guests — customers who come here daily — tell me that one vada pav and a cup of tea keeps them going till dinner,' shared Kaustubh Tambe, 55, the third generation manning the business.
Established in 1939 by Shrirang Tambe, known to many as Bhau, Aram is now a city landmark. 'My grandfather spotted a shut shop in the Capitol Cinema building. He approached the owners expressing interest in starting an uphar gruha (eatery), and started what was then called Aram Milk Cooperative,' Kaustubh recalled. The initial menu focused on milk-based items such as tea, coffee, basundi, gulab jamun, kheer, and among the early savoury offerings was the batata vada.
Eighty-six years later, Aram can seat 48 people at a time and is still rooted in Maharashtrian cuisine. Over time, the menu expanded to include dishes like Kothimbir Vadi, a savoury snack made from gram flour and fresh coriander leaves; Thalipeeth, a healthy, multi-grain flatbread made using dozens of ingredients including jowar, bajra and rice flour; and Zunka Bhakri, a dry and spicy gram-flour sabzi paired with a rustic jowar bhakri among many others.
My mother, Shree Tambe, personally taught the kitchen staff these dishes, always insisting on quality ingredients and consistency,' Kaustubh added. 'We are also well known for our Upvas (fasting) menu, which includes Sabudana Khichdi, Upvas Misal made from peanuts, and Upvas Pattice made from potato and peanuts. A few years ago, we even introduced an Upvas Thali featuring rajgira puri, batata sabzi, misal, pattice, rajgira roll, banana, and piyush.
The separate vada pav counter, located just outside the main eatery, was introduced in 1995. 'Back then, it cost Rs 5. Now it's Rs 25,' he noted. What keeps the queue growing? 'Our vadas are bigger than most. So are our pavs, specially made for us. We use Samrat besan, single-fry the vadas (not double), and cook in refined sunflower oil. The recipe is simple, but the quality and consistency is what built us this reputation.'
'It is also the goodwill and management practices of my grandfather, father (Madhav Tambe) and uncle (Madhukar Tambe) that built this place. Most of our staff have been with us for 30-40 years. They feel a sense of apnapan. They know the batata vada must have a thin coating, and if someone new joins, another will step in and guide him.'
Inside, it's a no-frills operation — people eat and leave, making space for the next customer. The staff run like clockwork, especially at the evening vada pav counter, where five people are assigned daily. Rajendra Zavre, who has been with Aram for over three decades, proudly shares that Madhav Sir, now in his 90s, still comes personally to hand over the staff's bonuses during Diwali.
Aram underwent a minor refurbishment last year under the guidance of Kaustubh's wife Bijal Tambe, ahead of its 85th anniversary. The space was made brighter, ventilation improved, and induction cooking added to the kitchen. But the real shift is yet to come.
With patrons from across the city, including celebrities, politicians, real estate moguls, and film personalities, franchise requests have poured in. But Kaustubh is clear: 'We can't hand it to someone else. If we don't own and run it, the quality might drop, and that's non-negotiable.'
The fourth generation may step in next. While Kaustubh's older daughter is studying law, his son and younger daughter have expressed interest. 'They'll do their MBA first, work a few years, and then they will join Aram,' he shared.
Meanwhile, Kaustubh has started laying the groundwork. 'We are setting up a central kitchen to maintain consistency and plan to open another outlet later this year. It will be somewhere between CST and Dadar.' When asked if that's just the beginning, he smiled and finally shared: 'We'll have 25 outlets across Mumbai in the next three years.'
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Time of India
2 days ago
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The attempt to opt for MBA was also by elimination once again.I realised I'm not the one who is right to be a practicing CA and corporate finance or banking jobs with a CA profile seemed repetitive. In search of alternatives, I landed in JBIMS to pursue an MBA & finally found my passion in equity research . One of our visiting faculty, who himself is a renowned but reclusive investor influenced to a great extent in finding this passion.I started as an equity analyst at SBI Treasury in the corporate office during 2005. The profile was not sharply defined & I worked on any idea / IPO during those days on my own. The Indian market was experiencing the 'mother of all bull markets' during 2004-2008 and the freedom to look across markets for new ideas widened my I worked for a KPO tracking foreign securities but left within 2 months as I was not enjoying the work. With a pay cut of 40%, I joined Tata MF to come back to Indian markets. Fortunately I was mentored by two excellent gentlemen & investors in Tata MF over the next 10 years to be a fund manager. Amongst various funds, Tata Balanced Fund did particularly well & caught investors' attention. I continued managing funds from the aggressive hybrid category in my next job at DSP MF and doing it in Kotak MF as well.I was doing reasonably well in my previous job at DSP MF & was fairly content. However when Mr. Harsha Upadhyaya, CIO at Kotak MF approached me with the opportunity to manage Kotak Emerging Equity Fund, a midcap fund with AUM of around Rs. 40,000 cr then, it came across as a big challenge & opportunity to prove myself one more predecessor Mr. Pankaj Tibrewal had done a fantastic job in delivering consistent performance over years & scaling the AUM to be the second largest in the category. The team & processes at Kotak MF are great to work with. Getting picked by Mr Nilesh Shah & Harsha for the role seemed a good recognition in considering the mentioned above, currently I'm managing Kotak Emerging Equity Fund – a midcap fund with around Rs. 50,000 cr AUM & Kotak Aggressive Hybrid Fund with AUM close to Rs. 7,000 general, for a large part of my portfolio, my stock selection tilts towards growing companies managed by competent management. Due to external conditions, sometimes companies may not be able to deliver required growth, however, if the opportunity size is large & the management keeps working on strengthening the business, I prefer to stay invested rather than jumping the ships. Quality factor also assumes a lot of importance to avoid accidents or bad experiences. In a measured way, I do take some tactical calls based on macro trends, turnarounds, management changes, sharply beaten down valuations etc. I do have to admit here that, post Covid, we have to be a bit more agile in capturing opportunities & booking profits as well. With an increased number of participants, stock price moves have become fierce factoring any change swiftly. Also, at the fundamental level, business cycles are getting shorter & competitive forces have gone up significantly in almost all sectors. Mutual funds are proving to be a worthy vehicle for achieving long-term financial goals & creating wealth in every market cycle. In India, we particularly miss or overlook the concept of 'risk adjusted returns' while trying to maximise returns. Mutual Funds arguably do a good job versus individual or other vehicles of are suitable for a person starting investments with as low as Rs. 500 to an UHNI or a family office. While investors & advisors invest their hard-earned money to get returns, somewhere the factor of trust comes in the mind. Ours' is a fiduciary duty & over the years the regulator & industry has done a good work in improving the trust factor. When lacs of investors across India invest crores of rupees trusting & believing in us, it provides more than enough motivation to do the work diligently & with all good intentions.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)