Ravi Jaipuria, chairman of Varun Beverages Ltd (VBL), has successfully transformed the company from a single PepsiCo bottling plant in 1987 into a major player in the global beverage market, now the second-largest bottler for PepsiCo outside the United States. As of April 16, 2023, VBL's market capitalization stands at ₹1.55 lakh crore (approximately $18.6 billion USD), reflecting a remarkable 20-fold increase over the past decade. For the fiscal year ending December 31, 2025, VBL reported consolidated revenues of ₹21,685.38 crore (approximately $2.6 billion USD), marking an 8.4% increase from the previous year. Jaipuria, who returned to India after studying business management in the US, established VBL in 1995 by merging existing franchise bottling rights for PepsiCo, recognizing the potential of India's growing packaged beverage market. The company competes with Coca-Cola and has expanded its operations significantly, holding franchise rights across 27 states and 6 Union territories in India, as well as in several countries in Africa. Jaipuria emphasizes a commitment to sustainable growth and adapting to consumer preferences, positioning VBL for continued success in the future.