Fizzy Future: Kandhari Global Bubbles Up with Global Expansion and IPO Plans

Kandhari Global Beverages, one of the largest bottlers of Coca-Cola in India, has laid out aggressive expansion plans globally and an initial public offering (IPO) possibility. The company, which recently purchased Coca-Cola's North Gujarat bottling unit for around Rs 2,000 crore, wants to double its turnover over the next 5-6 years from its current Rs 4,500 crore. Varinder Pal Singh Kandhari, Managing Director, was willing to look for bottling opportunities outside India's borders, pending the approval of Coca-Cola. The growth strategy of the company is in line with Coca-Cola's asset-light business model, where regional operations are sold to local partners. The expansion plans of Kandhari Global, however, depend on getting the nod from its American partner.

 

Source: Business Standard