Ravi Jaipuria is an Indian Billionairebusiness magnate and chairman of RJ Corp. Under RJ Corp, he manages Varun Beverages which is the second-largest bottling partner for PepsiCo‘s soft drink brands outside the US and Devyani International, which is India’s largest franchisee of Yum! Brands and operates KFC, Pizza Hut, Costa Coffee and TWG Tea outlets. He is referred to as India’s cola king.
The majority of Jaipuria’s fortune is derived from his stake in Varun Beverages, the second-largest international franchisee of PepsiCo outside the US, according to a Bloomberg News report. He owns about 64% of the company, according to an April 12, 2023 stock exchange filing.
Jaipuria holds the shares directly and through RJ Corp. All family-owned shares are attributed to him in the calculation to reflect his status as founder and chairman.
He owns a 63% stake in Devyani International, the largest franchisee of Yum Brands in India, according to an April 27, 2023 filing. He also holds a 6% stake in Global Health, an Indian private hospital operator, through RJ Corp according to an April 20, 2023 filing.
Other businesses within the RJ Corp group aren’t included in the valuation because requisite details aren’t known.
The value of his cash investments is based on an analysis of dividends, insider transactions, taxes and market performance.
A spokesperson for the company didn’t respond to a request for comment on the net worth calculation.
Career
Jaipuria studied business management in the United States and returned to India in 1985. He joined the family business as a bottler for Pepsi-Cola. He also holds a minority stake in Medanta, a health care firm.
Varun Beverages got listed on BSE and NSE after an initial public offering in 2016.[10] Devyani International got listed on the BSE and NSE after its IPO in 2021.
As of May 2023, Jaipuria has an estimated net worth of approximately $10.1 billion as ranked by Forbes.
Personal life
His wife’s name is Dhara Jaipuria and she is his 2nd wife. Jaipuria’s 1st wife died in a plane crash. He has two children, one son named Varun and a daughter named Devyani. He hails from a Marwari Hindu family.
Recognition
- Ravi Jaipuria was awarded the Bottler of the Year by PepsiCo in 1999. He received the award from former US President George H. W. Bush.
- According to Forbes, Ravi Jaipuria ranked #83 in Forbes’s India Rich List in 2016.
- He was placed #73 in Forbes’s India Rich List in 2015, #60 in Forbes’s India Rich List 2014 and #47 in Forbes’s India Rich List 2013.
Milestones
- 1985 Joins the family’s bottling business.
- 1987 Founds RJ Corp.
- 2016 Varun Beverages begins trading publicly.
- 2021 Devyani International begins trading publicly.
