Latest news with #JubilantBhartiaGroup
News18
22-07-2025
- Business
- News18
Jubilant Bhartia Group Acquires 40% Stake In Hindustan Coca-Cola Holdings
Jubilant Bhartia Group has completed the acquisition of a 40% equity stake in Hindustan Coca-Cola Holdings Private Limited Jubilant Coca Cola Deal: The Jubilant Bhartia Group has completed the acquisition of a 40 per cent equity stake in Hindustan Coca-Cola Holdings Private Limited (HCCH) for Rs 1,17,04,40,00,000 on Tuesday, marking a significant development in the Indian beverages and FMCG space. In a regulatory filing with the stock exchanges under Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company confirmed the closure of the deal. With this strategic investment, the Jubilant Bhartia Group becomes a key stakeholder in HCCH, which is the holding company of Hindustan Coca-Cola Beverages Pvt. Ltd (HCCB), the bottling and distribution arm of Coca-Cola in India. The move is expected to bolster the group's presence in the non-alcoholic beverages sector and open new avenues for growth and collaboration in the fast-moving beverage segment. Jubilant Bhartia X Hindustan Coca-Cola Beverages Jubilant Bhartia Group had announced in December that it had entered into a definitive agreement to acquire a 40 per cent equity interest in HCCH through Jubilant Beverages. The deal had received approval from the Competition Commission of India on May 1, 2025. In India, The Coca-Cola Co. bottles products such as Thums-Up, Sprite, Fanta, Limca and flagship brand Coca-Cola through subsidiary HCCB, as well as a set of independent bottling companies. Jubilant Bhartia Group has now acquired 40 per cent in Hindustan Coca-Cola Holdings, the parent of HCCB, through Jubilant Beverages Ltd. HCCB operates 13 factories, serving 236 districts across 12 states in India's south and west. HCCH is the parent company of HCCB, the largest Coca‐Cola bottler in India. The Jubilant Bhartia Group, which started out as a drugs and chemicals company, has since branched into contract research and development services, agricultural products, performance polymers, and food services. Jubilant FoodWorks Ltd is India's largest food services company, and holds exclusive rights to develop and operate Domino's Pizza in India, Sri Lanka, Bangladesh, and Nepal. view comments First Published: July 22, 2025, 22:24 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
15-07-2025
- Business
- Time of India
Coke's bottling partner HCCB names Mondelez South Asia president Hemant Rupani as new CEO
Coca-Cola's bottling company Hindustan Coca-Cola Beverages (HCCB) has announced Hemant Rupani , former president, Mondelez South East Asia, as its India CEO. Rupani will succeed outgoing chief Juan Pablo Rodriguez. The changes are effective September 8. 'Hemant comes to HCCB after a nine-year career with Mondelez International Inc. He will succeed current HCCB CEO Juan Pablo Rodriguez, who is moving to a new opportunity in the Coca-Cola system,' Coca-Cola said in a statement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Undo In his role at Mondelez, Rupani was overseeing operations in Indonesia, the Philippines, Vietnam, Malaysia, Singapore and Thailand. Prior to Mondelez, he has had stints at ICI India, PepsiCo, Infosys Technologies and Britannia . Live Events HCCB is the largest Coca-Cola bottler in India. In December 2024, the beverages maker announced a 40% stake stake to Jubilant Bhartia Group in HCCB, its wholly-owned India. The transaction was estimated at Rs 12,500 crore. The deal has been the biggest investment by Jubilant Bhartia Group, promoters of the pizza-to-pharma conglomerate, till date. The Bhartia family has exclusive franchise rights for Domino's Pizza, India's largest foods services brand, operated by group company Jubilant Foodworks Ltd (JFL). The Jubilant Bhartia Group acquired the 40% equity in HCCB through its entity Jubilant Beverages Limited.
Time of India
04-07-2025
- Business
- Time of India
The SOCs isn't just a function in the age of AI Era by Dr. Yusuf Hashmi
HighlightsWhy SOC fatigue is a systemic risk, not an analyst issue The role of AI, agentic models, and automation in optimizing MTTR How to design SOCs that scale with relevance, not just volume The intersection of DPDP, data lineage, and SOC accountability The irreplaceable role of human context in an AI-augmented security world In this DeepTalks session, Dr. Yusuf Hashmi, Group, CISO at Jubilant Bhartia Group, reimagines the SOC, tackling AI-assisted triage, alert fatigue, data governance, DPDP liability, and the rising cost of log inflation, to present a bold, practical vision for future-ready security the dimly lit war rooms of cybersecurity, the Security Operations Centers (SOCs), thousands of alerts blink on screens every minute. Analysts scan dashboards, eyes darting, trying to distinguish between noise and the one anomaly that could bring an enterprise to its knees. But in today's AI-fueled world, even these battle-tested security models are showing signs of exhaustion. 'It's time we stop seeing the SOC as just a dashboard of alerts,' says Dr. Yusuf Hashmi , Group CISO at Jubilant Bhartia Group, in a gripping and wide-ranging conversation with ETCIO DeepTalks. 'We must reimagine it as a cockpit, one that is predictive, autonomous, and human-aware.' Dr. Hashmi isn't just describing a shift in tools. He's championing a cultural and architectural transformation, one that demands leadership rethink how security operations are structured, automated, and governed. The breakdown begins The conversation opens with a blunt diagnosis: the traditional SOC is broken. 'There used to be a handful of firewall logs coming in. Today, we're ingesting data from 60-70 different log sources,' Dr. Hashmi explains. 'From endpoints to proxies, from cloud to identity - the ecosystem is sprawling. And each of these sources needs contextual use cases. But most organizations aren't ready for that.' This, Dr. Hashmi says, creates the perfect storm for alert fatigue, a silent killer in cybersecurity. Analysts are overwhelmed, incidents are missed, and trust in the SOC dwindles. AI's promise and pitfalls Dr. Hashmi sees AI not as a silver bullet, but as a powerful enabler, if implemented wisely. 'AI can triage, correlate, enrich. It can suppress false positives and help prioritize what matters. But AI must be trained. It doesn't mature out of the box. You need 5 to 6 months, sometimes longer, to adapt a model to your data,' Dr. Hashmi warns. Dr. Hashmi emphasizes the agentic model, using AI-powered agents to take over repetitive, mundane triage tasks so human analysts can focus on critical decision-making. But the contextual layer, he insists, must remain human. Dr. Hashmi also says 'AI can automate. But it cannot replace the analyst's gut instinct, their ability to think outside the box. That's irreplaceable.' Integration nightmares & log inflation At the heart of SOC dysfunction lies a quietly growing monster: log overload. 'Many organizations don't understand what they're ingesting,' Dr. Hashmi says. 'EPS (Endpoint security) peaks go through the roof. And half those logs? They're noisy. They're being stored, processed, and paid for, but they add no value.' Dr. Hashmi's advice: optimize for relevance, 'You don't need everything. You need what helps you correlate, detect, and respond . Everything else is an expensive distraction.' From alert fatigue to MTTR anxiety Metrics like Mean Time to Detect (MTTD) and Mean Time to Respond (MTTR) have become the new holy grails of SOC performance. But as Dr. Hashmi points out, they're only as good as the underlying architecture and logic. 'If you don't fine-tune your rules, if your alerts aren't contextualized, your MTTA and MTTR suffer. Analysts waste time chasing irrelevant noise, and that one critical alert gets buried.' The fix? Smarter alerting. Better enrichment. Fewer false positives. And yes, more AI-powered correlation engines that understand behavioral baselines. The compliance curveball: DPDP's impact on SOCs With India's Digital Personal Data Protection (DPDP) Act coming into force, Dr. Hashmi sees new pressure on SOC teams especially around personal data ingestion. 'If your SOC is processing DLP logs, you may be dealing with personal data. That means you're accountable under the DPDP. You need governance, visibility, and traceability.' He calls for greater attention to data lineage, understanding where data comes from, how it's stored, who accesses it, and how long it remains within systems. 'Security without governance is a ticking bomb. You need to know your data trail end to end.'notes Dr. Hashmi. SOC design: It's not about tools. It's about context. When asked what makes a modern SOC truly effective, Dr. Hashmi offers a precise and measured answer: Scalability: The platform must handle peak Use Cases: MITRE ATT&CK-aligned rules save Analysts need intuitive, investigation-friendly Awareness: Know your licensing model EPS vs Clarity: MTTR, MTTD, FP rates these are your compass. But Dr. Hashmi's quick to emphasize that no model fits all. 'You must understand your environment. Your threat landscape. Your business impact. No Gartner quadrant can define your context better than you.' The ROI dilemma and the AI hype trap Every CISO today is asked the same thing: What's the ROI on security? Dr. Hashmi believes it starts with asset valuation. 'If you don't know the value of what you're protecting, how will you measure loss? Understand your assets. Quantify their downtime impact. Then map your SOC outcomes against that.' He also cautions against AI - FOMO 'Many CISOs buy AI tools just because they're trending. But if your MTTA isn't improving, your response time hasn't dropped. What did you really gain?' says Dr. Hashmi. On MDRs, cloud SOCs, and cost-efficient architectures For organizations lacking in-house expertise or infrastructure, Dr. Hashmi recommends SOC-as-a-Service or Managed Detection & Response (MDR) models. 'Not everyone needs an on-prem SOC. If you're a smaller firm, MDR can be a life-saver, no licensing, no infra management, no staffing nightmares.' Dr. Hashmi also advocates for cloud-based SOCs with high availability and easy scalability, especially when uptime and redundancy are mission-critical. In perhaps the most poignant part of the conversation, Dr. Hashmi speaks of the unsung heroes of the SOC, the analysts. 'They run 24x7. They're the stars of the security function. But we overload them with Excel reporting, compliance checklists, and fatigue. That has to stop.' pointed Dr. Hashmi. Dr. Hashmi also urges CISOs to sit with their SOC teams, understand their world, and build empathy into governance. 'The SOC isn't just a function. It's your shield. If you love it, you'll nurture it.' In a world increasingly driven by automation, Dr. Hashmi reminds us that passion still powers the best defenses. 'SOCs are like goalkeepers. They don't get applause until something goes wrong. But they're your last line of defense, and your first line of attack.' To modernize a SOC, organizations must combine the power of AI with the wisdom of human intelligence, supported by architecture that scales, data that's governed, and leadership that listens. Because in cybersecurity, it's not just about fighting threats, it's about earning trust, concludes Dr. Hashmi.
Time of India
12-06-2025
- Business
- Time of India
Jubilant promoters eye Rs 2,000 crore via stake sales for Hindustan Coca-Cola Beverages deal
Jubilant Bhartia Group promoters have initiated a process to sell minority stakes in their listed companies to raise Rs 2,000 crore to part-fund the acquisition of a 40% stake in Hindustan Coca-Cola Beverages (HCCB), people familiar with the matter said. The proceeds from the sale of stakes in Jubilant FoodWorks , Jubilant Pharmova , Jubilant Ingrevia and Jubilant Industries will be in addition to the $600 million (Rs 5,100 crore) that Goldman Sachs Asset Management has raised to fund the deal. The group is also in the process of divesting non-core assets across its food and pharma businesses to raise money, the people said. The deal values Coca-Cola's local bottling arm at Rs 31,250 crore including debt. CCI Nod Came in May At this enterprise value, the stake will cost Rs 12,500 crore. Morgan Stanley is advising the promoters on the divestment of noncore assets and sale of minority stakes in the listed firms. The Jubilant Bhartia Group did not respond to an email seeking comment. As per the deal structure, Jubilant Beverages will acquire HCCB shares from Coca-Cola entities, while another group company Jubilant Bevco and an investor consortium led by funds managed by Goldman Sachs Asset Management will subscribe to compulsorily convertible preference shares in Jubilant Beverages. The financing structure includes Rs 5,650 crore of debt, CCPS and the remainder through an equity infusion from Jubilant's holding company, Jubilant Bhartia Consumer Ltd. The deal, announced in December 2024, received approval from the Competition Commission of India on May 1. Promoters own a 41.9% stake in Jubilant FoodWorks , which holds exclusive India franchise rights for US restaurants Domino's Pizza, Popeyes and Dunkin' Donuts and runs Hong's Kitchen. Mutual funds and foreign institutions hold 25.8% and 20.5%, respectively, while the remaining is split among retail and other domestic institutions, as per disclosures by the company. In Jubilant Pharmova (formerly Jubilant Life Sciences), which deals in radiopharma and contract research development of drugs, a majority 50.68% is held by the promoter and promoter groups, while retail and other investors hold 25.06%. Foreign institutions hold 17.22% of the company and the remaining is held between mutual funds and other domestic institutions. Jubilant Ingrevia, the chemicals company, too has a dominant 51.5% shareholding with the promoters, with the rest split among foreign and domestic institutions and the public. In Jubilant Industries, the group's agri and performance polymers business, promoters own 74.78%, with retail investors holding 24.89%. The Jubilant Bhartia Group has already started the process of integration with HCCB. While both businesses will draw direct synergies in foods and beverages, Jubilant FoodWorks has decided to halt expansion of its smaller businesses such as Dunkin' Donuts and Hong's Kitchen to focus primarily on Domino's Pizza, which had a store count of 2,179 across 475 cities as of end-March 31.
Time of India
07-06-2025
- Business
- Time of India
Goldman funds $600 million equity for Coca-Cola India unit sale
Goldman Sachs Asset Management has provided $600 million to partially fund the equity investment needed by Indian conglomerate Jubilant Bhartia Group for its purchase of a 40% stake in The Coca-Cola Co.'s bottling unit in India, according to people familiar with the matter. Goldman Sachs Asset Management's hybrid fund financed this equity portion by subscribing to the convertible preference shares issued by the group, said the people, who asked not to be named discussing a private matter. The fund — which is part of the investment bank's private credit strategy — sits between traditional debt and equity, and is usually longer in tenure. Convertible preference shares is one of the many ways companies can raise capital to fund their operations and expansion. They can choose to do so because it enables them to avoid taking on debt, while limiting the potential dilution of selling additional common stock. Goldman Sachs and Jubilant Bhartia declined to comment. Coca-Cola in December announced that Jubilant Bhartia will acquire a minority stake in Hindustan Coca-Cola Holdings Pvt., the parent company of the soft drink maker's largest bottler in India called Hindustan Coca-Cola Beverages Pvt. The total acquisition cost is $1.5 billion, the people said. The pizza-to-pharmaceuticals conglomerate will fund the remaining $900 million required for the acquisition with $600 million of equity and $300 million in debt, the people added. Two subsidiaries of the group — Jubilant BevCo and Jubilant Beverages — recently issued rupee-denominated bonds totaling $658 million-equivalent to fund the deal, Bloomberg News reported. Jubilant Bhartia's purchase of a stake in the beverage giant joins a series of foreign firms looking to divest part of their shareholding in local arms. In December, the Indian unit of South Korea-based LG Electronics Inc. filed for an initial public offering, seeking to tap investors in the South Asian country's booming market. Earlier last year, British American Tobacco Plc raised $2 billion selling shares in its Indian partner. --With assistance from Divya Patil.
