Meet billionaire with Rs 152130 crore net worth, who owns Rs 2.12 lakh crore company, to now invest in...

Many Indian billionaires continue to expand their business empires in the country and abroad. Many of them are popular in their respective businesses and known for their work. One such person is Ravi Jaipuria, who is considered India's cola king. His Varun Beverages is one of PepsiCo's biggest bottlers outside the US. The company has a market cap of Rs 212000 crore as of July 15. 

According to Forbes, the 69-year-old has a real-time net worth of Rs 152130 crore, as of July 15. He is India's richest man in the food and beverage sector, as per Forbes's real-time billionaire list. Varun Beverages is named after his son Varun Jaipuria.

Now the company's two subsidiaries plan to enter into an agreement with PepsiCo to manufacture, distribute and sell the snacks brand 'Simba Munchiez' in Zimbabwe and Zambia. It plans to set up manufacturing units with an investment of USD 7 million (around Rs 60 crore), according to a regulatory filing by Varun Beverages Ltd (VBL).

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Ravi Jaipuria hails from a Marwari family. He is the chairman of RJ Corp, under which, he manages Devyani International and Varun Beverages. Jaipuria studied business management in the US and returned to India in 1985.

He joined the family business as a bottler for Pepsi-Cola. In 1987, he got one bottling plant as his share after a family division. Later, he switched to PepsiCo. Jaipuria also holds a minority stake in Medanta, a healthcare firm and hotel chain Lemon Tree.