Who Owns Varun Beverages? shareholders, promoters and parent
Reviewed by the editorial team · Updated 5 Nov 2026 · Last verified 5 Nov 2026 · 1 min read
Quick answer
VBL's promoters held 59.43% in September 2026, led by RJ Corp with 25.28% 56.
Founded1995, Delhi
StatusListed
Listed onNSE, BSE: VBL
Who owns Varun Beverages?
The Jaipuria family controls VBL directly and through RJ Corp. Promoters held 59.43% at the end of September 2026, and none of their shares were pledged 5. Forbes counts about 2.01 billion VBL shares in Ravi Jaipuria's holdings, the largest part of his fortune 1.
Promoter holders, September 2026
Holder
Stake
RJ Corp
25.28%
Ravi Kant Jaipuria
16.71%
Varun Jaipuria
15.43%
Devyani Jaipuria
1.94%
Source: Voguestock 6. Its list also includes other names that may be data errors, so the exchange filing should be checked.
VBL has issued 1:2 bonus shares three times, in July 2019, January 2021 and June 2022, and split its shares in June 2023 and September 2024 10. In November 2024 it launched a share sale to institutions of up to ₹7,500 crore 26.
Related-party deal
In August 2026 VBL's Kenyan unit bought the business of Devyani Food Industries (Kenya), a promoter group company, for $32 million 3. VBL restated prior-year figures under common-control accounting 13.
Frequently asked questions
59.43% in September 2026, with none pledged.
RJ Corp, the Jaipuria family company, with 25.28%.
