Food industry veteran Ajay Kaul joins Everstone Group as Senior Director

Food and beverage (F&B) industry veteran Ajay Kaul has joined Everstone Group as Senior Director to support growth in the Quick Service Restaurant (QSR) businessof its food platform F&B Asia.

 The former CEO of Jubilant FoodWorks Ltd., which includes brands such as Domino’s Pizza India and Dunkin’ Donuts India,will also serveas Executive Chairman on the boards ofF&B Asia’s investments in Indonesia: Domino’s and Burger King.

 Ajay, who has spent more than a decadein the F&B industry,took Domino’s in India to become the largest market for Domino’s outside of the US.It is the largest QSR brand in India for the past few years. Ajay has nearly 28 years of overall work experience, including at American Express and TNT India and Indonesia where he had sales and marketing, as well as business leadership, roles.

 At Everstone, he will oversee QSR investments ofF&B Asia that owns and operatesseveral marquee brands such as Burger King (India and Indonesia), and Domino’s (Indonesia). Also under the platform’s umbrella are brands such as Masala Library, Farzi Café, Pa Pa Ya, MasalaBar, Harry’s, Pind Balluchi, and Duck & Rice.

 “We are thrilled to welcome Ajay to the Everstone Group and the F&B Asia family where his wide experience and success in the food sector will be greatly beneficial as we target higher and sustained growth in our QSR businesses in Indonesia—Burger King as well as the Domino’s brand,” said Philip Walters, Executive Chairman, F&B Asia.

 F&B Asia is an investment vehicle owned andmanaged by Everstonethat was created to build a Pan-Asian Food and Beverage Services (“F&B”) platform across multiple formats and cuisines. On the QSR front, the platform company plans to grow Domino’s Indonesia, as well as Burger King Indonesia and India,by 30 to 50 stores each annually. Currently, Burger King Indonesia has over70 stores while Domino’s Indonesia has more than 130.

 “I really look forward to working with my colleagues at Everstone and F&B Asia at a time wherefavourable demographics, rising incomes and increasing interest in eating out in Indonesia make for an exciting journey of growth and innovation for top QSR brands,” Kaul said.An alumnus of IIT-Delhi, Kaul completed his MBA from XLRI Jamshedpur.