July 25, 2014 1:34 PM ET

Food and Staples Retailing

Company Overview of Varun Beverages Limited

Company Overview

Varun Beverages Limited provides bottling and distribution services for beverage manufacturers. The company manufactures and markets carbonated and non-carbonated soft drinks and package drinking water under the Pepsi brand. The company's beverage portfolio also includes 7up, Miranda, and Mountain Dew brands; low calorie drinks such as Diet Pepsi; hydrating and nutritional beverages such as Aquafina drinking water; and juice based drinks such as Tropicana, Slice, and Twister. The company also offers local soda brands. It owns franchisee for Yum Restaurants International including Pizza Hut and KFC. The company was incorporated in 1995 and is based in Gurgaon, India with additional offices in...

Plot No. - 31

Institutional Area

Sector-44

Gurgaon,  122002

India

Founded in 1995

Phone:

91 12 4464 3400

Fax:

91 12 4464 2203

Key Executives for Varun Beverages Limited

President
Age: 52
Compensation as of Fiscal Year 2014.

Varun Beverages Limited Key Developments

Manpasand Beverages Mulls INR 4 billion IPO

Manpasand Beverages Ltd is planning to get listed. Chairman and Managing Director of Manpasand Beverages, Dhirendra Singh is looking to launch an Initial Public Offering (IPO) of about INR 4 billion in six to eight months from now. He stated, “We closed 2013-2014 with a turnover of INR 3 billion. We are eying a turnover of INR 4 billion-INR 5 billion this year on the back of new launches in categories such as natural mineral water and carbonated drinks. We want to expand our juice portfolio and add more flavours. This will require investment in manufacturing, distribution and marketing, which explains the IPO. I will be taking a final call on the amount to be raised along with my bankers shortly.” He further added that besides the need for growth capital, the desire to give SAIF Partners an exit route helped his decision to consider listing at this stage. The official added, “This is the right time to tap the capital markets. As the stock markets climb, it will increasingly become expensive to get in.” Besides Manpasand Beverages, Ravi Jaipuria is also looking at listing two key companies of RJ Corp Limited over the next one year. This includes Varun Beverages Limited and Devyani International Ltd. Ravi Jaipuria has not specified the amount that he is looking to raise, but some reports suggest it to be INR 5 billion. Cafe Coffee Day is also considering IPO.

Varun Beverages And Devyani International May get Listed

Ravi Jaipuria is planning to launch an IPO (Initial Public Offering) for Varun Beverages Limited and Devyani International Ltd., held by RJ Corp Limited in 2015. Ravi Jaipuria has not specified the amount he is looking to raise, but said that this is the right time to tap the capital markets. Balaji Wafers Pvt. Ltd., Manpasand Beverages Ltd, and Cafe Coffee Day are also eyeing possible listing. While CavinKare Pvt. Ltd.’s promoter, C K Ranganathan said that the timing is right to step into the capital market, he said that he is not looking to list his firm. The official stated, “At least not for the next three years. We raised money last year from ChrysCapital and at the moment we are sufficiently funded.” Dhirendra Singh, Chairman and Managing Director, Manpasand Beverages, said that the need for capital coupled with the desire to give existing investors, SAIF Partners, an exit route is what prompted his decision to consider an IPO. “We have appointed Kotak Mahindra Capital and India Infoline to manage the issue. The IPO should be out in about six to eight months,” he said.

Varun Beverages Mulls Acquisitions

Varun Beverages Limited is planning to spend around $300 million for the expansion of its existing business in Asia and Africa including India, Nepal, Sri Lanka, Morocco, Zambia and Mozambique in the next one year. The investment plan also includes acquisition of companies, and would raise the company's employment strength from 4,200 to about 8,000 over the next few years in South Asia and Africa.

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