About Varun Beverages Ltd

We are the second largest franchisee in the world (outside US) of carbonated soft drinks (“CSDs”) and non-carbonated beverages (“NCBs”) sold under trademarks owned by PepsiCo and a key player in the beverage industry. We produce and distribute a wide range of CSDs, as well as a large selection of NCBs, including packaged drinking water. PepsiCo CSD brands sold by us include Pepsi, Diet Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Seven-Up Nimbooz Masala Soda, Evervess Soda, Duke’s Soda and Sting. PepsiCo NCB brands sold by us include Tropicana (100%, Essentials & Delight), Tropicana Slice, Tropicana Frutz, Seven-Up Nimbooz, Gatorade and Quaker Oat Milk as well as packaged drinking water under the brand Aquafina. In addition, we have also been granted the franchise for Ole brand of PepsiCo products in Sri Lanka.
We have been associated with PepsiCo since the 1990s and have over two and half decades consolidated our business association with PepsiCo, increasing the number of PepsiCo licensed territories and sub-territories covered by us, producing and distributing a wider range of PepsiCo beverages, introducing various SKUs in our portfolio, and expanding our distribution network. We have been granted franchisees for various PepsiCo products spread across 27 States and 7 Union Territories (except Jammu & Kashmir and Andhra Pradesh) in India.
Our share of PepsiCo beverages volume sales increased from ~ 26% in Fiscal 2011 to 80%+ now. Although, India is our largest market, we have also been granted the franchise for various PepsiCo products for the territories of Nepal, Sri Lanka, Morocco, Zambia and Zimbabwe.
VBL has 30 manufacturing plants in India (Gr. Noida 1, Gr. Noida 2, Kosi, Sathariya 1, Sathariya 2, Bazpur, Jainpur & Hardoi in Uttar Pradesh, Bhiwadi & Jodhpur in Rajasthan, Nuh & Panipat in Haryana, Phillaur and Pathankot in Punjab, Kolkata in West Bengal, Guwahati Unit 1 & 2 in Assam, Goa, Mandideep in Madhya Pradesh, Bargarh & Cuttack in Odisha, Jamshedpur in Jharkhand, Bharuch in Gujarat, Mahul, Roha and Paithan in Maharashtra, Nelamangala in Karnataka, Palakkad in Kerala, Sri City in Andhra Pradesh, Sangareddy in Telangana and Mamandur in Tamil Nadu) and 6 manufacturing plants in international geographies (two in Nepal and one each in Sri Lanka, Morocco, Zambia and Zimbabwe). In addition, we have set up backward integration facilities for production of preforms, crowns, corrugated boxes, plastic crates and shrink-wrap films in certain of our production facilities to ensure operational efficiencies and quality standards.
We are part of the RJ Corp group, a diversified business conglomerate with interests in beverages, quick-service restaurants, dairy and healthcare. Our Promoter and Chairman Mr. Ravi Kant Jaipuria has an established reputation as an entrepreneur and business leader and is the only Indian to receive PepsiCo’s International Bottler of the Year award, which was awarded in 1997.

About Founder Chairman

  • Mr. Ravi Kant Jaipuria is the promoter and founding Chairman of Varun beverages Limited.
  • Mr. Jaipuria has three decades of hands-on experience in conceptualizing, executing, developing and expanding the Food, Beverages and Dairy business in South Asia & Africa.
  • He is the only Indian bottler to be awarded the PepsiCo “International Bottler of the Year” award in the year 1997. It was presented at PepsiCo’s centennial year and the award was presented by Mr. Donald M. Kendall, founder of PepsiCo Inc. in presence of Mr. George Bush, the 41st President of USA.
  • He is hands on, well connected and respected entrepreneur of the business community in South Asia and Africa.

About Our Board of Directors

Ravi Kant Jaipuria
Promoter & Chairman

He is the promoter of the Company with over three decades of experience in conceptualizing, executing, developing and expanding food, beverages and dairy business in South Asia and Africa. He holds immense reputation as an entrepreneur and business leader. He holds the distinction of being the only Indian to receive PepsiCo’s award for International Bottler of the Year, awarded in 1997.

Varun Jaipuria
Whole-time Director

He attended Millfield School, Somerset, England and has 10 years of experience in the soft drinks industry. He has been with the Company for 10 years and has been responsible for the development of new business initiatives that includes implementation of sales automation tools.

Raj Pal Gandhi
Whole-time Director

He is a commerce graduate from University of Delhi, qualified chartered accountant, and has over three decades of rich experience in the field of finance, strategy, legal and M&A. He has been with the Group since 1993 and has been instrumental in strategizing its diversification, expansion, mergers and acquisitions, capex funding and institutional relationship. Prior to this, he was associated with a public sector undertaking under the department of electronics, Government of India.

Kapil Agarwal
Whole-time Director and CEO

He is a commerce graduate from Lucknow University and holds a post-graduate diploma in business
management from the Institute of Management Technology, Ghaziabad. He has been with the Group
since 1991 and currently heads the operations and management as CEO. He has nearly three decades of experience in sales and marketing.

Rajinder Jeet Singh Bagga
Whole-time Director

He completed his Post Graduation in Mechanical Engineering from IIT Kanpur in 1987. Joined this group as Plant Head of Jaipur in 1996. He is heading technical operations for Group since 2003. He possesses nearly three decades of experience in Managing Technical Operations and Execution of Projects.

Dr. Naresh Trehan
Independent Director

He is a renowned Cardiovascular and Cardiothoracic surgeon, a graduate from King George Medical College and subsequently trained and practiced at New York University Medical Center Manhattan USA from 1971 to 1988, where he obtained a Diplomat from the American Board of Surgery and the American Board of Cardiothoracic Surgery. He has received many prestigious awards, including the Padma Shree and the Padma Bhushan Award, presented by the Government of India.

Pradeep Sardana
Independent Director

He holds a bachelor’s degree in mechanical engineering from Indian Institute of Technology, Delhi. He is presently the CEO of PM Consulting, a consultancy firm in the field of food, beverages, FMCG and other industries. He has almost 41 years of experience in the field of engineering and has previously worked at senior management level with renowned companies including Polyplex Hydro
Group, PepsiCo, Hindustan Lever Limited and Union Carbide and has successfully handled diverse assignments.

Dr. Ravi Gupta
Independent Director

He holds a Bachelor’s and Master’s degree in commerce from University of Delhi, LLB from University of Delhi, PhD and MBA from Faculty of Management Studies, New Delhi. He is employed as Associate Professor in Commerce Department in Shri Ram College of Commerce (Delhi University). He is also appointed as Government Nominee on the Central Council of the Institute of Chartered Accountants of India He is Founder and President of Tax Law Educare Society, a non-profit making voluntary organization, with the main objective to educate general public and professionals on Taxation, Law and Allied Matters for last ten years.

Rashmi Dhariwal
Independent Director

She holds a Bachelor’s degree in Arts (Honours) from Lady Shri Ram College, University of Delhi and also done Attorney of Law from Calcutta High Court in 1979. She is presently the Chairperson of a hospitality focused Company running several restaurants in India. She is also the Chairperson of an NGO Prayatn, which provide education to underprivileged children. She has also worked in several leading firms in India including Khaitan & Co, Calcutta and Delhi, Mulla & Mulla, Mumbai and also in the Philippines.

Sita Khosla
Independent Director

She holds a Bachelor’s degree from St. Stephen College and LLB from the Facility of Law, University
of Delhi and is enrolled with the Bar Council of Delhi. She practices in the areas of corporate, contract and commercial laws since 1992. She has been involved in providing advice on a wide range of issues from company formation, corporate governance and regulatory compliance to mergers and acquisitions, corporate restructuring, joint ventures, foreign investments, exchange control regulations and securities laws. She has acted as India legal advisor to major players in the civil aviation sector including international commercial airlines, MRO organizations and ground handling operators in respect of their operations in India.

Our Mission

Being a Global, Growth Oriented and Profitable Organization by:

  • Offering best quality & refreshing product to every customer & consumer.
  • Being a preferred employer providing consistent growth path, respect & empowerment.
  • Creating value for our stakeholders by driving excellence in our operations.
  • Being responsible towards environment & society.

Our Values

  • We hold strong values in business and fully respect our customers, associates and community.
  • Our diversity and unity brings creativity to our relationships within our group, and to our associates.
  • We continuously excel to achieve and maintain leadership position in the chosen businesses; and delight all stakeholders by making economic value additions in all corporate functions.

Our Vision

To become the most Successful & Profitable Beverage Company in the world having Market Leadership in the territories we operate.

Our Mission

Being a Global, Growth Oriented and Profitable Organization by:

  • Offering best quality & refreshing product to every customer & consumer.
  • Being a preferred employer providing consistent growth path, respect & empowerment.
  • Creating value for our stakeholders by driving excellence in our operations.
  • Being responsible towards environment & society.

Our Values

  • We hold strong values in business and fully respect our customers, associates and community.
  • Our diversity and unity brings creativity to our relationships within our group, and to our associates.
  • We continuously excel to achieve and maintain leadership position in the chosen businesses; and delight all stakeholders by making economic value additions in all corporate functions.

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