Jubilant Bhartia Group

In 1978, brothers Shyam and Hari Bhartia founded Vam Organics Limited, a chemical manufacturing company seeded with funds from their father. The business initially focused on producing vinyl acetate monomer. Following India's economic liberalization in the 1990s, the company, renamed Jubilant Organosys in 2001, expanded into higher-value work for pharmaceutical and chemical industries. A significant pivot occurred in 1996 when the Bhartia brothers, on a friend's recommendation, entered into a master franchise partnership with Domino's Pizza for India. This venture, initially named Domino's Pizza India Private Limited, was later renamed Jubilant FoodWorks in 2009. This move marked the group's entry into the quick-service restaurant (QSR) sector, which would become a major pillar of their conglomerate. A key event in the group's journey was the 2010 initial public offering (IPO) of Jubilant FoodWorks, which operates the Domino's brand in India. The same year, the parent company, Jubilant Organosys, demerged its agri and performance polymers business into a separate listed entity, Jubilant Industries, to create more focused growth. The original firm was then renamed Jubilant Life Sciences to reflect its concentration on pharmaceuticals and life sciences. Today, the Jubilant Bhartia Group stands as a diversified conglomerate with four publicly listed flagship companies: Jubilant Pharmova, Jubilant Ingrevia, Jubilant FoodWorks, and Jubilant Industries.