IndiaRetailBiz

Bhartia’s owned “Jubilant FoodWorks Limited,” — the master franchisee of world renowned QSR (Quick Service Restaurants) pizza brand “Domino’s Pizza” in the South asia (except Pakistan)– according to media reports is looking at an IPO so as to enable one of its private equity (PE) investor JPMorgan Chase & Co, a JP Morgan Partners affiliate, to dilute its equity stake (33 per cent) in the local company. The company was originally promoted and incorporated in 1995 as as a private company under the name of Domino’s India (P) Limited. Bhartias currently own 67 per cent stake in the company. Domino’s International, however, does not have any stake in the equity capital of the compay.

If the IPO route is chosen, Domino’s will be the first publicly traded fast food retail chain on the stock exchanges of India.

Nearly, 14 years after its foray into the country, Domino’s Pizza is among the most admired and fastest growing multi-national consumer brands in urban India. It is currently (as of August 2009) the largest fast food chain employing a work force of around 6,000 persons and operating 274 quick service restaurants (QSR) across 54 cities, in 20 states and UTs, of the country. The company is planning to expand network by adding 70 new restaurants to the retail chain.

The first Domno’s Pizza restaurant was launched in January, 1996 at New Delhi. Apart from quality of its pizzas, the brand has earned its reputation as a ‘home delivery’ specialist capable of delivering its pizzas within 30 minutes.