Devyani International (DIL), a growth engine for RJ Corp Group, is one of India’s largest players in the Quick Service Restaurant (QSR) segment and a key contributor to the country’s organized foodservice sector. Headquartered in Gurugram, Haryana, DIL began its journey in 1997 with the launch of its first Pizza Hut outlet in Jaipur. Since then, it has expanded rapidly through a disciplined growth strategy, operational excellence, and a diversified brand portfolio. DIL is the largest franchisee of Yum! Brands in India, operating globally recognized brands including KFC, and Pizza Hut. DIL also operates Costa Coffee stores in India. 

In addition to these international formats, the company has successfully developed and scaled homegrown brands such as Vaango, and Food Street, catering to diverse consumer preferences and enhancing its multi-format offering. With a balanced portfolio of global brands and innovative Indian concepts, a strong operational foundation, and a scalable business model, DIL is well-positioned to capitalize on opportunities within India’s fast-evolving foodservice landscape and strengthen its presence in high-potential international markets.

Business area of the company

Devyani International is engaged in the business of developing, managing and operating quick services restaurants for brands - Pizza Hut, KFC, Costa Coffee and Vaango. In addition, the company is the sole franchisee for Costa Coffee, Tealive, New York Fries and Sanook Kitchen in India.

Brands 

• KFC
• Pizza Hut
• Costa
• Vaango

Awards and accreditations

• 2015: The Company’s brand Vaango was recognised as a “Promising Brand” by the Economic Times.
• 2018: The company was certified as a “Great Workplace” by the Great Place to Work Institute, India.
• 2018: Costa Coffee (T3 International Departure Pier) was awarded the Certificate of Excellence for Outlet of the Year- F&B (International)” by Delhi International Airport at the IGIA Awards 2018.
• 2018: Grid Bar (T3 Domestic Departure Food Court) was awarded the Certificate of Excellence for Outlet of the Year- F&B (Domestic) by Delhi International Airport at the IGIA Awards 2018.
• 2019: Pizza Hut and KFC were recognised among the “Most Trusted Brands” in Food Services category in Brand Equity Survey conducted by The Economic Times.
• 2020: The company was recognised as one of “India’s 100 Best Workplaces for Women 2020” by the Great Place to Work Institute, India.
• 2022: 100 Franchise - Most Daring Leaders of 2022.
• 2023: DIL - Industry Partner Award for highest contribution in Apprenticeship Program by Skill India.
• 2023: DIL KFC India - Pujo Special Winner at 31st World Brand Congress Regional Marketing Excellence Award.
• 2023: KFC - QSR Chain of the Year award at Franchise India Restaurant Awards 2023.
• 2023: KFC won Terminal 1 award, Costa LA 31 and Vaango LA 14 came runner's up in GMR Awards in FY '22-'23.
• 2023: Explosive Growth - KFC India got recognised by Yum Brands for Explosive Growth in 2023.
• 2023: Indian Restaurant Awards 2023.
• 2023: Franchise India : Master Franchisee of the Year.
• 2023: COSTA Coffee Global Markets Barista of the Year.
• 2024: Pizza Hut - Jury Award for Best Franchise Growth at the 20th Edition of the Star Franchisor Awards 2024.
• 2024: Shafi - Indian Barista of the Year for 2023-24.
• 2024: KFC bags QSR Chain of the Year at the Indian Restaurant Awards 2024.
• 2024: Vaango is honoured as ‘Food Court Restaurant of the Year’ at the Indian Restaurant Aawards 2024.
• 2025: Most Admired Retailer of the Year : Market Expansion - KFC India at Pepsi Images Food Service Awards.

Major events and milestones

• 1992: Incorporation of the Company.
• 1997: The company signed a development agreement with PepsiCo Restaurants International (India) for opening Pizza Hut outlets in North India, pursuant to which its first Pizza Hut outlet was opened in Jaipur.
• 2002: The company acquired Speciality Restaurants.
• 2003: Tricon Restaurants (India) issued a letter of intent to the Company for opening Pizza Hut outlets in Kolkata.
• 2004: Speciality Restaurants was merged in the company.
• 2004: Yum India issued a letter of intent to the company for opening KFC outlets in Kolkata.
• 2005: The company signed an International Development Agreement with Costa for opening Costa Coffee outlets in India.
• 2005: The company’s first KFC store opened in Kolkata.
• 2010: Opened the first KFC outlet in Nigeria.
• 2010: Opened the first KFC and Pizza Hut outlets in Nepal.
• 2010: Devyani Food Street formed in a joint venture with Delhi International Airport and the company.
• 2011: The company launched its own brand for South Indian QSR- Vaango.
• 2012: First Pizza Hut Delivery opened in Nepal.
• 2012: The company acquired 60% stake in Delhi Select Service Hospitality.
• 2012: IDBI Trusteeship Services, acting through its investment manager, ICICI Venture Funds Management Company invested Rs 991.41 million in the company.
• 2015: The company acquired Pizza Hut delivery outlets from Yum India in Western and Southern India.
• 2015: Dunearn invested $4 billion in the Company.
• 2016: The company acquired the balance 40% stake in DFSPL from Delhi International Airport for an aggregate consideration of $49.20 million.
• 2017: The company entered into a concession agreement with GMR Hyderabad International Airport to operate and maintain the food court of Hyderabad Airport under the brand name ‘Food Street’.
• 2019: The company entered into an agreement with Yum India for acquisition of 13 KFC outlets.
• 2020: The Company entered into an agreement with Yum India for acquisition of 61 KFC outlets.
• 2021: Yum India invested Rs 2.3 billion in the company.
• 2021: Extended partnership with Costa Coffee by entering into a revised development agreement for its existing Costa business, pursuant to which DIL has been granted development rights for PAN India in a phased manner.
• 2022: Opened its 1000th Pizza Hut outlet at Sion, Mumbai. 
• 2023: Incorporated a wholly owned subsidiary company i.e. ‘DEVYANI INTERNATIONAL DMCC’ in Dubai, United Arab Emirates, to hold the overseas investments and render business related management and technical services to the company and its subsidiaries. 
• 2023: Entered into a Joint Venture Agreement with R.K. Associates & Hoteliers (RKAHPL) for setting-up of Food Courts, standalone Food and Beverage outlets, and Lounges at the railway stations.
• 2024: Incorporated Subsidiary Company namely ‘Devyani RK’ to undertake business relating to development, operation and maintenance of Food Courts, standalone Food and Beverage outlets, and Lounges within the existing or future territories of railway stations.
• 2024: DIL and PVR INOX extended their association and entered into strategic partnership to jointly establish a company in India for the purpose of development and operation of food courts within shopping malls in India.
• 2024: Incorporated Subsidiary Company namely ‘Devyani PVR INOX' on July 26, 2024, inter alia to undertake the business relating to development and operation of food courts situated within shopping malls in India.
• 2025: Acquired controlling stake in Sky Gate Hospitality (Sky Gate) along with its three brands -- Biryani By Kilo, Goila Butter Chicken, and The Bhojan. This strategic move aims to enhance the company's presence in the Indian cuisine segment by integrating these well-established brands into its portfolio.
• 2025: Launched its first New York Fries (NYF) store in India, located at Chhatrapati Shivaji Maharaj International Airport, Mumbai.