Ravi Jaipuria – Billionaire

India’s cola king, Ravi Jaipuria, presides over $1.1 billion (revenue) drinks and foods group RJ Corp. In October he took his flagship Varun Beverages, PepsiCo’s second-biggest bottler, public but the shares are down 10% since the IPO on concerns over the company’s debt. Fast-food outfit Devyani International has 500 retail outlets for brands such as KFC, Pizza Hut, Costa Coffee and TWG Tea. Jaipuria also owns a minority stake in health care firm Medanta. His father got the bottling franchise for Coca Cola in the 1960s. The youngest of three brothers, he studied in the US and returned home in 1985. After a family division in 1987, in which he got one bottling plant as his share, he switched to PepsiCo and has stayed loyal since.

Ravi Jaipuria Net Worth: Ravi Jaipuria is an Indian businessman who has a net worth of $1.6 billion. One of the richest people in India today, Ravi Jaipuria made his fortune in the soft drinks industry. Being the youngest of three brothers, Jaipuria joined the family’s business in 1985 after studying and working in North America. Two years later, there was a family split that left him with a Coca-Cola bottling plant. Switching it to Pepsi, Ravi has turned his $850 million (revenues) RJ Corp into PepsiCo’s biggest bottler in the country, while it also has branches in Sri Lanka, Nepal, Mozambique, Zambia and Morocco. Reportedly, he paid an undisclosed sum to purchase his older brother’s lucrative Delhi franchise for Pepsico, in an attempt to cement his hold in that market. Ravi’s Devyani International, named after his daughter, has franchises for Pizza Hut, KFC and Costa Coffee.

Source:

1. forbes

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