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 smooth drink enterprise in 1985.
Ravi Jaipuria, the proprietor of RJ Corp, has one of the inspiring success tales on the planet of enterprise. The 68-year-old is often known as “India’s cola king”. With a real-time internet value of $9.2 billion, Ravi Jaipuria is ranked 218 on Forbes’ record of billionaires. In 2022, he was twenty first on the record 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 smooth 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 largest bottler in India. Jaipuria’s listed flagship, Varun Beverages, is considered one of Pepsi’s largest bottlers outdoors 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 obtained listed on the inventory exchanges in 2021.
Ravi Jaipuria additionally holds minority stakes in listed price range resort 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 obtained the ‘Distinguished Entrepreneurship Award’.
Talking about RJ Corp subsidiary Varun Beverages, the corporate is anticipated 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 soar in revenue was because of improved internet realisations and internet development.
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