Former Jubilant Foodworks CEO Ajay Kaul has joined Everstone Group as Senior Director to support growth in the Quick Service Restaurant (QSR) business of its food platform F&B Asia. F&B Asia is an investment vehicle owned and managed by Everstone that was created to build a Pan-Asian Food and Beverage Services (F&B) platform across multiple formats and cuisines. “His(Kaul’s)wide experience and success in the food sector will be greatly beneficial as we target higher and sustained growth in our QSR businesses in Indonesia—Burger King as well as the Domino’s brand,” said Philip Walters, Executive Chairman, F&B Asia.
At Everstone, he will oversee QSR investments of F&B Asia that owns and operates several marquee brands such as Burger King (India and Indonesia), and Domino’s (Indonesia), a company release said. Also under the platform’s umbrella are brands such as Masala Library, Farzi Café, Pa Pa Ya, Masala Bar, Harry’s, Pind Balluchi, and Duck & Rice. The food industry veteran will initially focus on F&B Asia’s brisk growth in Burger King and Domino’s in Indonesia. An alumnus of IIT-Delhi, Kaul completed his MBA from XLRI Jamshedpur. He has nearly 28 years of overall work experience, including at American Express and TNT India and Indonesia where he had sales and marketing, as well as business leadership roles.