Devyani International Company Profile: Products, Promoter and Clients
Devyani International Company Description
Devyani International, a leading quick-service restaurant operator in India, started in 1991. As of March 31, 2024, it runs over 1,782 restaurants in India, Nepal, Nigeria, and Thailand. The company offers a mix of popular international and local brands. Devyani International is a part of RJ Corp., a large company involved in fast food, retail, ice cream, dairy, education, and beverages. In India, it is the only Costa Coffee franchisee and Yum Brands's largest franchisee, including KFC and Pizza Hut.
Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at Sovrenn Education
Q1. What are the Product and service offerings of Devyani International Company?
Products:
- KFC: Offers a variety of chicken products including fried chicken, burgers, and wraps.
- Pizza Hut: Specializes in pizzas, pasta, and other Italian-American cuisine.
- Costa Coffee: Provides a range of coffee beverages, pastries, and light snacks.
- Vaango: Focuses on South Indian cuisine such as idli, dosa, and other traditional dishes.
Services:
- Food Courts: Operates under the brand "The Food Street," providing a mix of the aforementioned brands and other home-grown brands in locations such as malls, airports, highways, and hospitals
Finding multibagger stocks is important for building wealth. Discover potential multibaggers at Sovrenn Discovery
Q2. Who are the Promoters/Management of Devyani International Company?
Virag Joshi holds the position of Whole-time Director (President & Chief Executive Officer) at a company and holds a diploma in Hotel Management and Catering from State Institute of Hotel Management and Catering, Lucknow, Uttar Pradesh. He has played a pivotal role in expanding Pizza Hut, KFC, and Costa Coffee outlets from just five restaurants in 2002 to over 600 outlets in the last 19 years.
Manish Dawar serves as the Whole-time Director and Chief Financial Officer at the same company. He earned a bachelor’s degree in Commerce with Honours from Panjab University, Chandigarh, and is a Chartered Accountant and member of the Institute of Company Secretaries of India.
Pradeep Das has worked in the QSR and retail industry since 1998 and currently holds the position of Chief Executive Officer for KFC India and Nepal at Devyani International. With nearly two decades of experience, Pradeep has been instrumental in establishing and managing food courts in diverse locations such as airports, malls, highways, and hospitals.
Vijay Gogate is a dynamic and results-driven business leader with a proven track record of transforming regions, brands, and businesses in the Consumer Lifestyle Fashion Retail sector, and now in the F&B industry. He currently leads Pizza Hut India as CEO at Devyani International, driving the brand forward in its successful journey.
Q3. Who are the Clients of the company?
Devyani International, as a prominent operator of quick-service restaurants in India, has several key clients and partners. The company is the largest franchisee of Yum! Brands in India, which includes well-known brands such as KFC, Pizza Hut, and Taco Bell. These global brands are among the primary clients of Devyani International, leveraging their extensive reach and brand recognition to cater to a wide range of customer preferences in the Indian market.
Also Read: Deepak Fertilisers Company Profile: Products, Promoter and Clients
(By Naman Rathi)