Mumbai: The Coca-Cola Company has announced a landmark agreement with the Jubilant Bhartia Group, a multi-billion conglomerate with a global presence across diverse sectors. Under this agreement, Jubilant Bhartia Group will acquire a 40% stake in Hindustan Coca-Cola Holdings Pvt. Ltd. (HCCH), the parent company of Hindustan Coca-Cola Beverages Pvt. Ltd., the largest Coca-Cola bottler in India.
Coca-Cola has maintained a long-standing commitment to delivering quality products and experiences to consumers. This strategic investment highlights the company’s focus on driving sustainable, long-term growth in India, one of the world’s largest and most dynamic markets.
The investment by Jubilant Bhartia Group is expected to further strengthen Coca-Cola’s presence in India and enhance its position within the local market. With its deep expertise across various sectors, the Jubilant Bhartia Group is well-positioned to help accelerate Coca-Cola’s operations, ensuring continued success in India.
Sanket Ray, President of Coca-Cola India, expressed his enthusiasm for the partnership, stating, “We welcome the Jubilant Bhartia Group to the Coca-Cola System in India. With its diverse experience across multiple sectors, Jubilant brings decades of rich expertise that will help accelerate the Coca-Cola system. This partnership will enable us to win in the market and provide greater value to local communities and consumers.”
Juan Pablo Rodriguez, CEO of Hindustan Coca-Cola Beverages, added, “This strategic investment represents an important milestone in our journey. The Jubilant Bhartia Group’s expertise complements our strengths, ensuring we continue delivering exceptional value to our stakeholders while driving innovation and sustainable progress.”
Shyam S. Bhartia, Founder and Chairman and Hari S. Bhartia, Founder and Co-Chairman of Jubilant Bhartia Group, said the investment is an ideal addition to their business. “The Coca-Cola Company is home to some of the most respected global brands and we are delighted to be associated with them,” Bhartia said. “Together, we will leverage opportunities to grow the business to greater heights and ensure more Indian consumers can enjoy The Coca-Cola Company’s refreshing portfolio of iconic local and international brands.”
This strategic investment marks a significant milestone for Coca-Cola as the company continues to pursue its mission of refreshing the world and making a difference. The collaboration is set to drive growth, enhance innovation, and deliver value to consumers across India.
