September 25, 2016 6:16 AM ET

Beverages

Company Overview of Varun Beverages Limited

Company Overview

Varun Beverages Limited operates as the franchisee of carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs) sold under trademarks owned by PepsiCo in India and internationally. The company produces and distributes a range of CSDs under the brands of Pepsi, Diet Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Seven-Up Nimbooz Masala Soda, Seven-Up Revive, and Evervess. It also produces and distributes NCBs under the brands of Tropicana Slice; Tropicana Frutz (Lychee, Apple and Mango); and Nimbooz, as well as packaged drinking water under the brand Aquafina. In addition, the company has the franchise for Ole brand of PepsiCo products in Sri Lanka. It sells its product...

Plot No. 31

Institutional Area

Sector-44

Gurgaon,  122002

India

Founded in 1995

5,216 Employees

Phone:

91 12 4464 3100

Fax:

91 12 4464 3303

Key Executives for Varun Beverages Limited

Chief Executive Officer and Whole-time Director
Age: 52
President, Group Chief Financial Officer, Whole-Time Director, Member of Stakeholders Relationship Committee, Member of Ipo Committee and Member of Corporate Social Responsibility Committee
Age: 59
Chief Financial Officer, Whole-Time Director and Member of IPO Committee
Age: 53
Whole-time Director
Age: 28
Senior Vice President of Information Technology
Compensation as of Fiscal Year 2016.

Varun Beverages Limited Key Developments

Varun Beverages Reportedly Mulls IPO

Varun Beverages Limited has reached the final leg of its proposed public float. Varun Beverages is ready to file its draft initial public offering (IPO) document between today and the end of this week, according to two people aware of the development. "The company is likely to file its DRHP today," said one of the persons briefed about the matter. The company, the flagship firm of Delhi-based billionaire Ravi Jaipuria, may raise at least INR 10 billion through the IPO, said one of the persons cited above, requesting anonymity as he is not authorized to speak to the media.

Varun Beverages Seeks IPO

Varun Beverages Limited is seeking an IPO. Varun Beverages has started preparations for an initial public offering, seeking to raise funds to expand at home and overseas, three people aware of the development said. Varun Beverages may raise at least INR 10 billion through the IPO, expected to hit the market in early 2017, said one of the three persons, all of whom spoke on condition of anonymity. "Varun has hired a couple of banks recently and work on the IPO has been started. The company is also in talks to hire a couple of more banks,” said a second person. The company is looking at utilizing funds from the IPO to fund the expansion of its bottling business, especially in overseas markets such as North Africa, this person said.

Ravi Jaipuria To Raise $300 Million Through IPO Of Two Firms

Ravi Jaipuria plans to raise $300 million through initial public offerings (IPOs) of Devyani International Ltd. and Varun Beverages Limited by the end of 2016. Proposed IPOs would help RJ Corp Limited (RJ Corp) to support estimated $600 million investment in two companies for expansion through the next few years, Ravi Jaipuria said. He also added, promoters intend to dilute about 10% stake in each of the companies through the IPOs and two RJ Corp entities had to be scaled up, which would need more funds and professionals. "IPOs will be the best way to stabilise businesses," Ravi Jaipuria said. Meanwhile, Jaipuria is also talking to PE investors to raise $100 million -$125 million for about 10% equity stake in Varun Beverages in a pre-IPO deal. "We hope to close this by the end of December," he added. Devyani International is likely to be valued at about $1 billion when it goes public. "About 10 per cent of the promoters' equity stake will be offered during the IPO in 2016," Ravi Jaipuria said. "Through the next two-three years, we will expand all our businesses, both existing operations and through acquisitions," he said, adding he would be interested in taking over Yum! Brands' businesses in west and south India. "We are open, and we'll talk to them. We already have the rights in the north and the east. National rights will certainly make sense," he added. "For fast food and beverages, we will be expanding in India, the African continent and the Saarc (South Asian Association for Regional Cooperation) region," he said. For expansion, Varun Beverages is eyeing new markets such as Zimbabwe and Bhutan.

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