MAM
CavinKare forays into QSR segment with launch of Jango’z
Mumbai: FMCG major CavinKare, as part of its retail expansion plans, has announced its foray into the QSR segment with a new brand – Jango’z. Launching its maiden outlet in Chennai, the company further plans to set up over 100 outlets across strategic locations in India by 2026.
With the Indian QSR segment expected to reach Rs 827.63 billion by FY 2025, CavinKare is also set to bet big on the slice and bite segment through Jango’z with an aim of generating over 150 crore revenue in the next 5 years, said the company.
“Our entry into the QSR space comes in line with our refreshed CavinKare 2.0 strategy,” said director – retail Manuranjith Ranganathan, commenting on the occasion. “Retail is one of the important divisions in CavinKare where we have made significant investments and have major diversification plans in the future as well. One of the steps in the direction is this entry with the launch of Jango’z that is set to disrupt the space with CavinKare innovation edge.”
Jango’z is CavinKare’s first chain QSR brand with its first outlet in Perambur, Chennai. Spread across 1300 sq ft, the outlet serves a slew of delicacies and a lineup of refreshing mocktails. The outlets will also have a notable space where the customers can see their orders being cooked live. This outlet also features specially commissioned wall art, with the mascot from the Jango’z logo being incorporated into a fun comic strip.
“With the segment poised to grow at a 15.4 per cent CAGR coupled with untapped potential tier 2 and 3 markets, we are confident that Jango’z will become a Rs 150 crore brand by 2026. The slice and bite space in the segment is at a nascent stage but we are positive that this will become the future of the QSR industry and we are happy to be leading the way with it being an important proposition at Jango’z,” Ranganathan further said.
Brands
UltraTech Cement appoints Jayant Dua as managing director
Dua will succeed K. C. Jhanwar after his term ends in December 2026
MUMBAI: UltraTech Cement, the flagship cement arm of the Aditya Birla Group, has elevated Jayant Dua as managing director, effective 1 April, 2026.
The company’s board also approved his appointment as additional director, managing director and key managerial personnel, effective 1 January, 2027, following the completion of the current managing director K C Jhanwar’s term on 31 December, 2026, according to a regulatory filing.
Dua will serve as managing director for a four-year term from 1 January, 2027 to 31 December, 2030.
A veteran executive with more than 37 years of professional experience, Dua joined the Aditya Birla Group’s cement business in 1996 and spent nearly a decade in various functional and leadership roles.
Over the past two decades, he has held several profit-and-loss and chief executive responsibilities across multiple group businesses, including insulators, insurance, Century Cement and the chlor-alkali segment. In 2023, he was elevated to lead the group’s renewables and textiles businesses.
Within the group, Dua has received several internal honours, including the chairman’s individual award for exceptional contribution in 2002, the outstanding leader award in 2009 and the leader of leaders recognition in 2022.
He holds an engineering degree from Indian Institute of Technology Delhi, an MBA from International Management Institute and has completed the advanced management programme at Harvard Business School.
