Jubilant Foodworks Ltd Share Price JUBLFOOD
|Chairman & Director||Shyam S Bhartia|
|Co-Chairman and Director||Hari S Bhartia|
|Independent Director||Vishal Marwaha|
|Independent Director||Ramni Nirula|
|Independent Director||Arun Seth|
|Independent Director||Phiroz Vandrevala|
|Company Secretary||Mona Aggarwal|
|Whole Time Director & CEO||Pratik Pota|
|Independent Director||Berjis Desai|
Jubilant Foodworks Ltd, a Jubilant Bhartia Group Company is a food service company. The company offers a menu of quality pizza and side dishes to their customers. They operate their stores pursuant to a Master Franchise Agreement with Dominos International, which provides them with the exclusive right to develop and operate Dominos pizza delivery stores and the associated trademarks in the operation of stores in India, Nepal, Bangladesh and Sri Lanka. The pizza stores in Sri Lanka are operated by their sub-franchisee, DP Lanka. There are currently five Dominos stores in Sri Lanka, all in Colombo.
The company was the largest pizza chain in India and one of the fastest growing multi-national fast food chains between 2006-2007 and 2008-2009, in terms of number of stores. Their Dominos pizza stores in India are generally located in neighbourhood markets in urban areas. They also operate pizza stores located in food courts in shopping malls and in institutional campuses.
Jubilant Foodworks Ltd was incorporated on March 16, 1995 as a private limited company with the name Dominos Pizza India Pvt Ltd. The company entered into a master franchise agreement with Dominos International for north and west regions in India.
In January 1996, the company opened their first Dominos pizza store. In September 14, 1996, the company was converted into a public limited company and the name was changed to Dominos Pizza India Ltd. In the year 1998, they extended master franchise agreement with Dominos International to whole of India and Nepal.
In the year 2001, the company made a tie-up with Hindustan Coca-Cola Beverages Pvt Ltd. In the year 2003, they became the subsidiary of Jubilant Enpro Pvt Ltd. In the year 2004, they launched 30 minutes or free campaign. In the year 2005, the company entered into master franchise agreement for Sri Lanka and Bangladesh.
In the year 2009, the company launched Pizza Mania. Also, they began to offer pasta and choco lava cake to their customers as a side item. They opened 60 new stores during the financial year 2008-09.
In September 17, 2009, the company entered into a trademark license agreement with Dominos International whereby Dominos International conferred on the company a non-exclusive right to use the trademarks and service marks (Dominos Trademarks) in India.
In September 23, 2009, the company entered into an agreement with Dominos International for the grant of the exclusive right and license to establish and operate a commissary and to sell and distribute products using the know-how in the Territory and the exclusive right and license to prepare, process and produce Products using the technical knowledge in the Territory.
In September 24, 2009, the company changed their name from Dominos Pizza India Ltd to Jubilant Foodworks Ltd. The company plans to open between 65 and 70 stores during the financial year 2009-10, of which they opened 31 stores as of November 30, 2009 in the existing cities.
As of November 30, 2009, the company operated 286 stores in India located in 22 states and union territories, including in 59 cities across the country, and, through a sub-franchisee, DP Lanka, five stores in Sri Lanka. As of November 30, 2009, we did not operate any stores in Nepal and Bangladesh.
The company plans to expand their presence by entering into new cities and towns where they currently have no operations. They plan to open new stores in cities and towns which would be located within less than one day travel distance from their existing commissaries in order to minimize additional capital expenditure and ensure quality control.
Further, the companys Master Franchise Agreement with Dominos International requires them to open 25 stores each, in 2011 and 2012 and they continue to evaluate various new locations for further expansion. They are also exploring the possibility of opening stores in the New Delhi and Mumbai airports on sub-franchise or sub-lease basis.