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On the recommendation of a friend who owned other foreign pizza licences, Shyam Sunder Bhartia and Hari Bhartia of the Jubilant Bhartia Group entered into a master franchise partnership with Domino's Pizza. Domino's Pizza India Private Ltd. was incorporated on 16 March 1995, and began operations in 1996. The company opened India's first Domino's Pizza outlet in New Delhi in 1996. The company changed its name to Jubilant FoodWorks Ltd in 2009. It was headed by Ajay Kaul since 2005. Pratik Rashmikant Pota became the CEO from April 2017. Pota announced his resignation in March 2022 and will step down in June.On 24 February 2011, Jubilant FoodWorks signed a master franchise agreement with American coffeehouse chain Dunkin' Donuts to operate the brand in India. Jubilant FoodWorks opened India's first Dunkin' Donuts outlet in Connaught Place, New Delhi in April 2012. Jubilant FoodWorks was named "Emerging Food Group of the Year" by The Economic Times in 2012. The company launched its first homegrown brand called Hong's Kitchen, offering fast casual Chinese dining, with the first restaurant opening at Eros Mall in Gurugram on 13 March 2019. On 24 March 2021, Jubilant FoodWorks announced that it had entered into a master franchise and development agreement with Restaurant Brands International to operate Popeyes restaurants in India, Bangladesh, Nepal and Bhutan. The company opened India's first Popeyes outlet at Koramangala, Bangalore on 20 January 2022.Jubilant FoodWorks suffered a security breach in April 2021 and hackers reportedly obtained 13 terabytes of data including 180 million order details, customer names, phone numbers, email IDs, addresses, payment details, and at least 1 million credit cards. In July 2021, Jubilant pledged to supply free pizza for life to Saikhom Mirabai Chanu, who won the silver medal at the 2020 Tokyo Olympics in Women's 49 kg weightlifting. Following her medal win, Chanu had told the media, "First of all, I will go and have a pizza. It has been a long time since I ate it. I will eat a lot today."
Acquisitions
On 1 January 2021, Jubilant FoodWorks purchased a 10.76% stake in Barbeque Nation Hospitality Limited for ?92 crore . The company acquired a 35% stake in Mumbai-based food tech startup Thrive for ?24.75 crore in October 2021.On 19 February 2021, the company announced that it would acquire complete ownership of Netherlands-based Fides Food Systems Coöperatief UA for £24.80 million through its subsidiary Jubilant Foodworks Netherlands BV. The acquisition marks Jubilant FoodWorks entry into the Eurasian market. Fides held a 32.81% stake in DP Eurasia NV, which is the master franchisee for Dominos Pizza in Turkey, Russia, Azerbaijan and Georgia. Jubilant Foodworks announced that it had acquired an additional 6.98% stake in DP Eurasia , taking its total stake in the company to 39.79%. Jubilant announced the completion of the merger of Fides Food Systems Coeratief UA with Jubilant Foodworks Netherlands BV on 2 March 2022, and stated that it now owned 41.32% of DP Eurasia NV.
https://en.wikipedia.org/wiki/Jubilant_FoodWorks
https://in.investing.com/equities/jubilant-foodworks
https://finance.yahoo.com/quote/JUBLFOOD.NS/profile?p=JUBLFOOD.NS
https://www.comparably.com/companies/jubilant-foodworks/mission
https://www.crunchbase.com/organization/jubilant-foodworks
