Devyani International Ltd
Devyani International Ltd Company History
Devyani International 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.
1992
Incorporation of the Company.
1992
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 the first Pizza Hut outlet was opened in Jaipur.
1997
2002
The Company acquired Speciality Restaurants Private Limited.
2002
2003
Tricon Restaurants (India) Private Limited issued a letter of intent to the Company for opening Pizza Hut outlets in Kolkata.
2003
2004
Speciality Restaurants Private limited was merged in the Company.
Yum India issued a letter of intent to the Company for opening KFC outlets in Kolkata.
2004
2005
The Company signed an International Development Agreement with Costa for opening Costa Coffee outlets in India.
The first KFC store opened in Kolkata.
2005
2010
Opened the first KFC outlet in Nigeria.
Opened the 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.
2010
2011
The Company launched its own brand for South Indian QSR- Vaango.
2011
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.
2012
2015
The Company acquired Pizza Hut delivery outlets from Yum India in Western and Southern India.
Dunearn invested Rs. 4 billion in the Company.
2015
2016
The Company acquired the balance 40% stake in DFSPL from Delhi International Airport Private Limited for an aggregate consideration of Rs. 49.20 million.
2016
2017
The Company 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 ÂFood StreetÂ.
2017
2019
The Company entered into an agreement with Yum India for acquisition of 13 KFC outlets.
2019
2020
The Company entered into an agreement with Yum India for acquisition of 61 KFC outlets.
2020
2021
Yum India invested Rs. 2.3 billion in the Company.
2021
