Devyani International Limited (DIL) is an Indian food service company that operates quick-service restaurants (QSRs) brands across multiple countries. Founded in 1991, the company is a franchisee for several international brands, including KFC, Pizza Hut, and Costa Coffee in India. It also operates its own brands, such as Vaango, specializing in South Indian cuisine, and The Food Street, a multi-brand food court concept.[2]
Devyani International Limited was incorporated as Universal Ice Creams Private Limited in New Delhi as a private limited company under the Companies Act, 1956. It received its certificate of incorporation on 13 December 1991, from the Registrar of Companies. The company changed its name to Devyani International Private Limited on 7 June 2000, and later converted into a public limited company on 9 May 2005, receiving a revised certificate of incorporation.[3]
DIL is the largest franchisee of Yum! Brands in India, operating KFC and Pizza Hut outlets. It is also the exclusive franchisee of Costa Coffee in India.[5] In addition to international brands, the company operates Vaango, a South Indian cuisine brand, and The Food Street, a food court model.[6]
In addition to its operations in India, Devyani International has expanded internationally, with stores in Nepal, Nigeria, and Thailand, where it manages select outlets of KFC and Pizza Hut.[citation needed]
Financial Overview
KFC Counter In MallPizza Hut, RR Nagar, Bangalore (2024)
In Q3 of FY 2025, DIL reported a net loss of ₹7.6 crore, despite a 53.5% year-on-year revenue growth. The company expanded significantly during this period, adding 111 new stores and surpassing 2,000 outlets. The company also expanded KFC operations in Thailand, reaching 305 stores.[7]
Recent Initiatives
In November 2024, DIL signed franchise agreements with Tealive, a Malaysian beverage brand,New York Fries, a Canadian fast-food company and Sanook Kitchen, a Singapore-based Thai and Asian food chain.
These agreements allow DIL to expand its presence in India.[8][9][10][11][12]
Awards and Recognition
DIL has received several awards, including:
Master Franchisee of the Year 2023 – Franchise India Awards[13]
FMCG 'Sectoral Star' – Featured in Fortune India's 'Next 500' List (2023)[14]
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₹3,448 crore (US$410 million)(2024)
₹−7.6 crore (US$−900,000)(2024)
