Devyani International Ltd (DIL) is the largest franchisee of Yum Brands in India
and is among the largest chain operators of quick service restaurants (“QSR”) in
India on a non-exclusive basis, and operates 696 stores across 166 cities in
India, as of June 30, 2021.Yum! Brands Inc. operates brands such as KFC, Pizza
Hut and Taco Bell and has a presence globally with more than 50,000
restaurants in over 150 countries, as of December 31, 2020. In addition,
Devyani International is a franchisee for the Costa Coffee brand and stores in
India. DIL operated 284 KFC stores and 317 Pizza Hut stores and 44 Costa
Coffee stores in India as of June 30, 2021. In their Core Brands Business, they
had an extensive presence in 26 states and 3 union territories in India as of June
30, 2021

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