Devyani names Pradeep Das CEO of KFC India as Rajat Luthra exits to Third Wave Coffee
Das, a 26-year QSR veteran who ran Devyani's airports and institutional business across KFC, Pizza Hut and Costa, takes charge of the KFC India franchise. Outgoing CEO Luthra moves to lead Third Wave Coffee, in which Devyani holds a 4.4% stake acquired for Rs 871 crore.
What happened
Devyani International elevates Pradeep Das to CEO of KFC India, replacing Rajat Luthra who exits to lead Third Wave Coffee. Das previously ran Devyani's
Key facts
- 4.4% stake
- Rs 871 crore
- 26 years experience
Why this matters
Luthra's move to Third Wave Coffee tightens Devyani's grip on its Rs 871 crore minority stake and hints at a deeper roll-up or eventual control play in specialty coffee.