With a market cap of Rs. 60,171.03 crore, Varun Beverages Ltd. is a large capital company dealing with the FMCG sector of India. One of the largest PepsiCo franchisees outside the US and a major participant in the beverage industry is Varun Beverages Limited. The company manufactures and markets a wide variety of carbonated soft drinks (CSDs) and a wide range of non-carbonated drinks (NCBs), including packaged drinking water marketed under PepsiCo trademarks. As of now, VBL has been granted franchise rights for a number of PepsiCo products in 27 Indian States and 7 Union Territories. VBL has 31 production facilities in India and 6 abroad, of which 2 in Nepal and 1 in Zambia, Zimbabwe, Sri Lanka, Morocco and Zambia.