Everstone hires industry veteran to lead QSR business
The former chief executive of Jubilant Foodworks has been appointed senior director of the private equity firm’s F&B Asia Ventures arm.
He will also serve as executive chairman on the boards of F&B Asia’s investments in Indonesia, Domino’s and Burger King.
The 10-year food industry veteran will be familiar with these brands, having looked after them at Jubilant in India.
Indeed, he developed the Domino’s operation to be the biggest outside America and the largest QSR brand in the subcontinent.
Previously, he worked at American Express and TNT India and Indonesia, where he had sales and business leadership roles.
At Everstone, he will oversee QSR investments including several marquee brands, such as Burger King in India and Indonesia, and Domino’s in Indonesia.
Other brands under its umbrella include Masala Library, Farzi Café, Pa Pa Ya, Masala Bar, Harry’s, Pind Balluchi, and Duck & Rice.
“We are thrilled to welcome Ajay to the Everstone Group and the F&B Asia family, where his 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.