Growing Since 1990s Sustaining for Ages

Growing Since 1990s
Sustaining for Ages

Since our foundation in the 1990s, our focus at Varun Beverages Limited has always been on attaining sustained growth. Our journey is a testament to the importance we place on maintaining healthy relationships with our stakeholders. For over three decades, we have continually evolved, strategically curating every endeavor to deliver value both internally and externally. This approach allows us to maximize our reach and foster a culture of inclusive and sustainable growth.

Journey towards Sustainable Evolution

2023

1991

Received licensing agreement from PepsiCo through a group Company for trademark and bottling

1995

Incorporated as a public limited company

1996

Commenced operations in Jaipur

1998

PepsiCo acquired 26% stake in Varun Beverages Limited

2004

Devyani Beverages Limited merged with VBL in 2004

2011

Investment made by Standard Chartered PE in Varun Beverages (International) Limited (VBIL)* (*Merged with VBL in 2012)

2012

Investment made by Standard Chartered PE in Varun Beverages (International) Limited (VBIL)* (*Merged with VBL in 2012)
Consolidated the sub-territories of Goa, three districts of Maharashtra and North-East India subsequent to merger of a group company
Three companies having the territories of Nepal, Sri Lanka and Morocco became Subsidiaries
PepsiCo sold 26% stake in VBL to VBIL

2013

Acquired the Delhi sub-territory (remaining parts)

2014

Capital infusion of ₹ 4,500 million by promoter group

2015

Capital infusion of ₹ 4,500 million by promoter group
Received investment from AION Investment
Acquired sub-territories (Parts of Uttar Pradesh and Haryana, along with Uttarakhand, Himachal Pradesh, Punjab and the Union Territory of Chandigarh)

2016

Acquired 60% shareholding in Varun Beverages (Zambia) Limited
Got listed on NSE and BSE

2017

Acquired sub-territories across the States of Madhya Pradesh (certain parts) and Odisha
Acquired the incremental 30% shareholding in Varun Beverages (Zambia) Limited

2018

Acquired sub-territories in the State of Jharkhand, Chhattisgarh and Bihar
Granted sales and distribution rights of Tropicana and Gatorade
Set up a Greenfield production facility in Nepal and Zimbabwe

2019

Acquired sub territories in the parts of Maharashtra (14 districts), parts of Karnataka (13 districts) and parts of Madhya Pradesh (3 districts)
Acquired sub-territories across seven States*

*Gujarat, parts of Maharashtra, parts of Karnataka, Kerala,Tamil Nadu, Telangana and parts of Andhra Pradesh and five union territories of Daman & Diu, Dadra and Nagar Haveli, Puducherry (except Yanam), Andaman & Nicobar Islands and Lakshadweep

2021

Incorporated a new subsidiary – Varun Beverages RDC SAS in the Democratic Republic of Congo

2022

Entered into an agreement to distribute and sell Lays, Doritos and Cheetos for PepsiCo in the territory of Morocco
Commenced commercial production of Kurkure Puffcorn at the manufacturing plant in Kosi, Uttar Pradesh for PepsiCo

2023

Entered into a binding agreement to acquire 100% stake in ‘The Beverage Company (Proprietary) Limited’, South Africa along with its wholly-owned subsidiaries (“BevCo”)
Incorporated new subsidiary - VBL Mozambique, SA, South Africa, to carry on the business of distribution

1995