Devyani International Names New COO, Renews CEO for Growth

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AuthorIshaan Verma|Published at:
Devyani International Names New COO, Renews CEO for Growth
Overview

Devyani International's board has approved significant leadership appointments, re-appointing Manish Dawar as Whole-time Director (President & CEO) and bringing in Gaurav Bhatnagar as EVP & COO – India. Pradeep Das's role is also redefined. These moves aim to strengthen senior management for continued growth.

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Devyani International Appoints New COO, Renews CEO for Growth

Devyani International Ltd's board met on May 15, 2026, to approve significant leadership changes. Manish Dawar has been re-appointed as Whole-time Director, serving as President & CEO, for a three-year term starting February 17, 2027. Gaurav Bhatnagar joins the company as Executive Vice President (EVP) & Chief Operating Officer (COO) for India, effective May 25, 2026. Additionally, Pradeep Das's role has been redefined as Chief Growth & International Business Officer, also effective May 25, 2026. VGG & Co. will continue as Internal Auditors for FY 2026-27.

Why this matters

These appointments are crucial for maintaining stability and driving growth within the quick-service restaurant (QSR) sector. Leadership continuity is vital for executing long-term strategies, expanding market share, and ensuring operational efficiency in India's competitive QSR market.

The backstory

Manish Dawar has been a long-standing leader at Devyani International, previously serving as President and Whole-time Director. His continued tenure is expected to provide considerable stability as the company focuses on expanding its store network across its various brand franchises.

What changes now

Key developments include:

  • Shareholders must approve Manish Dawar's re-appointment at the upcoming Annual General Meeting (AGM).
  • Gaurav Bhatnagar's arrival strengthens operational leadership for the India market.
  • Pradeep Das's redefined role signals a clearer strategic direction for growth and international business.

Risks to watch

The main near-term risk is securing shareholder approval for Manish Dawar's re-appointment at the upcoming AGM.

Peer comparison

Devyani International's peers in the QSR space, such as Jubilant FoodWorks and Sapphire Foods India, also prioritize stable leadership to support their expansion strategies. Jubilant FoodWorks benefits from experienced executives, while Sapphire Foods India has been reinforcing its management team to drive growth.

What to track next

Investors will be watching:

  • The outcome of the shareholder vote on Manish Dawar's re-appointment at the AGM.
  • Gaurav Bhatnagar's initial performance and integration into India operations.
  • How Pradeep Das's new role contributes to growth initiatives and international expansion.

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