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About Devyani International
The Company was originally incorporated as Universal Ice Creams Private Limited' at New Delhi as Private Limited Company on December 13, 1991. Subsequently, name of the Company changed to 'Devyani International Private Limited' and a fresh Certificate of Incorporation dated 07 June 2000, was issued by the RoC. Thereafter, the Company converted into a Public Limited Company and consequently, name of Company was changed to 'Devyani International Limited' dated 09 May 2005. The Company is a multi-dimensional comprehensive quick service restaurant(QSR) player in India. The Company is primarily engaged in the business of developing, managing and operating quick service restaurants and food courts for brands such as Pizza Hut, KFC, Costa Coffee, Vaango, etc., and retail stores of TWG Tea. As of March 31, 2023, the Company has 1,243 stores across India, Nepal and Nigeria.
In 1997, the Company signed a development agreement with PepsiCo Restaurants International (India) Private Limited for opening Pizza Hut outlets in North India, pursuant to which it commenced operations of first Pizza Hut outlet in Jaipur.
In 2002, it acquired Speciality Restaurants Private Limited.
In 2003, Tricon Restaurants (India) Private Limited issued a letter of intent to our Company for opening Pizza Hut outlets in Kolkata.
In 2004, Speciality Restaurants Private limited was merged in with the Company.
In 2005, Company signed an International Development Agreement with Costa for opening Costa Coffee outlets in India. The first KFC store opened in Kolkata.
In 2010, it opened the first KFC outlet in Nigeria. It opened e first KFC and Pizza Hut outlets in Nepal. Devyani Food Street Private Limited formed in a joint venture with Delhi International Airport Limited and the Company.
In 2011, the Company launched its own brand for South Indian QSR- Vaango.
In 2012, First Pizza Hut Delivery opened in Nepal. The Company acquired 60% stake in Delhi Select Service Hospitality Private Limited. IDBI Trusteeship Services Limited, acting through its Investment Manager, ICICI Venture Funds Management Company Limited invested Rs. 991.41 million in the Company.
In 2015, it acquired Pizza Hut delivery stores from Yum India in Western and Southern India.
In 2016, it acquired balance 40% stake in DFSPL from Delhi International Airport Private Limited for an aggregate consideration of Rs. 49.20 million.
In 2017, it entered into a concession agreement with GMR Hyderabad International Airport Limited to operate and maintain the food court of Hyderabad Airport under the brand name Food Street'.
In 2019, it acquired 13 KFC outlets and 61 KFC outlets with Yum India during FY 2020.
As on 31 March 2019, the Company has 6 subsidiaries and 1 joint venture company.
As of March 31, 2021, the Company operated 264 KFC stores and 297 Pizza Hut stores across India. In August 2021, it extended partnership with Costa Coffee parent.
As of March 31, 2022, the Company operated in total 892 stores across 204 cities in India. It opened 246 new stores in FY 2021-22. It has operations in Nepal and Nigeria through a network of 46 stores.
During the year 2021-22, the Board of Directors of Company in their meeting held on December 13, 2021 amalgamated both subsidiaries, Devyani Food Street Private Limited and Devyani Airport Services (Mumbai) Private Limited, with the Company.
As on 31 March 2022, the Company has 5 subsidiaries. In FY22, it added 100 new stores to reach 364 stores.
During 2022-23, the Company opened 305 Net New Units (NNUs), as against the previous highest addition of 246 NNUs, taking the total store count to 1,243 and store count across core brands to 1,165.
The Company's portfolio as of FY 2023 stands at 543 stores for KFC, 510 stores for Pizza Hut and 112 stores for Costa Coffee. It added 138 KFC stores during the year; 93 Pizza Hut stores; 57 Costa Coffee stores and expanded the network by adding 126 new stores, reaching a total of 490 stores by year-end 2022-23.
During 2023, the Company launched Flavour Fun Pizza. It launched 4 flagship stores. It introduced 13 stores for the international business and further launched the lunch menu at KFC.
Parent Organisation
Ravi Jaipuria
Managing Director
RAVI KANT JAIPURIA
Founded
1991
NSE Symbol
DEVYANI
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Devyani International Ltd FAQs
What is the share price of Devyani International Ltd (DEVYANI) shares?
Devyani International Ltd (DEVYANI) share price as of October 11, 2024, on NSE is Rs 182.01 (NSE) and Rs 182.01 (BSE) on BSE.
Can I buy Devyani International Ltd (DEVYANI) from Angel One?
Yes, You can buy Devyani International Ltd (DEVYANI) shares by opening a Demat account with Angel One.
How do I buy Devyani International Ltd (DEVYANI) from Angel One?
Devyani International Ltd (DEVYANI) share can be bought through the following modes:
1. Direct investment: You can buy Devyani International Ltd (DEVYANI) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Devyani International Ltd (DEVYANI) shares.
1. Direct investment: You can buy Devyani International Ltd (DEVYANI) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Devyani International Ltd (DEVYANI) shares.
What is the main business of Devyani International?
The main business of Devyani International is to operate quick service chain restaurants across the country on a non-exclusive basis. It is the franchisee for brands like Pizza Hut, Costa Coffee, KFC, Vaango, and the Food Street.
Who are the promoters of Devyani International?
The main promoters of Devyani International are RJ Corp Limited, Varun Jaipuria, Ravi Kant Jaipuria, Geld Consultancy Services Private Limited, and Lotus Holdings.
What are the Subsidiaries that comes under Devyani International?
The main subsidiaries that come under Devyani International include Devyani Food Street Private Limited, India, Devyani Airport Services (Mumbai) Private Limited, India, Devyani International (Nepal) Private Limited, Nepal, Devyani International (Nigeria) Limited, and RV Enterprises Pte. Limited, Singapore.
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