Devyani International Company Profile: Products, Promoter and Clients

Devyani International Company Description

Devyani International, one of the biggest operators of chain quick-service restaurants (QSRs) in India, was founded in 1991. Devyani International has a vast network of more than 1,782 restaurants throughout India, Nepal, Nigeria, and Thailand as of March 31, 2024. The company has a varied portfolio of well-known international and domestic brands. As a subsidiary of RJ Corp., a conglomerate with strong operations in fast-food restaurants, retail, ice cream, dairy products, education, and drinks, Devyani International is part of this worldwide juggernaut. In India, Devyani International is the only franchisee for the Costa Coffee brand and its cafes, and it is also the largest franchisee for Yum Brands (KFC & Pizza Hut).

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Q1. What are the Product and service offerings of the company?

Products:

1. KFC: Offers a variety of chicken products including fried chicken, burgers, and wraps.
2. Pizza Hut: Specializes in pizzas, pasta, and other Italian-American cuisine.
3. Costa Coffee: Provides a range of coffee beverages, pastries, and light snacks.
4. Vaango: Focuses on South Indian cuisine such as idli, dosa, and other traditional dishes.

Services:

1. 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​

Q2. Who are the Promoters/Management of the 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.

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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.

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(By Naman Rathi)