Ravi Jaipuria (File photograph)
The youngest of three brothers, Ravi Jaipuria studied and labored in North America earlier than becoming a member of the household’s mushy drink enterprise in 1985.
Ravi Jaipuria, the proprietor of RJ Corp, has one of the crucial inspiring success tales on this planet of enterprise. The 68-year-old is also called “India’s cola king”. With a real-time internet price of $9.2 billion, Ravi Jaipuria is ranked 218 on Forbes’ checklist of billionaires. In 2022, he was twenty first on the checklist of Indian richest folks.
The youngest of three brothers, Ravi Jaipuria studied and labored in North America earlier than becoming a member of the household’s mushy drink enterprise in 1985. A household break up within the enterprise left Jaipuria with a Coca-Cola bottling plant. He converted to working with Pepsi. Today, his firm is PepsiCo’s greatest bottler in India. Jaipuria’s listed flagship, Varun Beverages, is one in every of Pepsi’s greatest bottlers exterior the United States. According to Bloomberg, the agency listed income of $1.2 billion in 2021.
Jaipuria’s conglomerate RJ Corp is concerned in a number of sectors from healthcare and training to quick meals and drinks. RJ Corp additionally has a presence in Morocco, Sri Lanka, Zambia, Mozambique and Nepal.
The enterprise tycoon cemented his maintain over the drinks market in India when he purchased his older brother’s profitable Pepsico Delhi franchise for an undisclosed sum. His son Varun, after whom Varun Beverages is known as, oversees the Nike franchise, which has 11 shops in India.
Jaipuria’s daughter Devyani runs Devyani International, which operates fast-food chains like KFC, Pizza Hut and Costa Coffee. The firm acquired listed on the inventory exchanges in 2021.
Ravi Jaipuria additionally holds minority stakes in listed finances lodge chain Lemon Tree and in healthcare agency Medanta.
Ravi Jaipuria is the recipient of a number of awards. He was given PepsiCo’s award for International Bottler of the Year in 1997. The industrialist was additionally acknowledged on the PHD Annual Awards for Excellence 2018, the place he acquired the ‘Distinguished Entrepreneurship Award’.
Talking about RJ Corp subsidiary Varun Beverages, the corporate is predicted to satisfy on May 2 to approve the fourth quarter earnings. The bottler can also be mulling a inventory break up. Varun Beverages reported a surge in its consolidated internet revenue, incomes Rs 81.52 crore for the quarter that ended December 31, 2022. The leap in revenue was as a result of improved internet realisations and internet development.
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