Brands
TCS wins Pega 2017 partner excellence award
MUMBAI: Tata Consultancy Services (TCS), a global IT services, consulting and business solutions organisation, has won the Pega 2017 Partner Excellence in Driving Customer Success: Advanced Practice Development Award.
Global Alliances Pega systems VP Ken Nicholson said, “TCS continues to invest in a wide range of Pega product certifications and resources at the highest levels, which play a key role in delivering exceptional performance and driving customer success.”
TCS is a Pega Strategic Consulting Partner, with more than 75% of its Pega focused employees being certified specialists. It also has a global business solution centre focused on Pega technologies and established academic partnerships that enable TCS to successfully deliver business outcomes to shared Pega and TCS clients.
TCS Enterprise Intelligent Application Executive Vice President PR Krishnan said, “This prestigious award reflects our continued commitment to position and deploy a full service play of Pega products to our clients, thereby enabling them to automate, transform and grow their businesses with greater efficiency and agility. This award demonstrates the quality and depth of TCS’ work with Pega.”
Brands
Devyani International Ltd plans three-subsidiary merger to streamline operations
QSR operator moves to streamline structure and unlock operational synergies
Devyani International is tightening its corporate kitchen. The quick-service restaurant operator has approved a scheme to merge three subsidiaries—Sky Gate Hospitality, Blackvelvet Hospitality and Say Chefs Eatery—into the parent company in a bid to simplify its structure and sharpen operational efficiency.
The decision was cleared at a board meeting on March 10 and disclosed in a regulatory filing to the stock exchanges. The merger will take effect from April 1, 2025, subject to statutory approvals.
All three transferor companies are direct or indirect wholly owned subsidiaries, meaning no fresh shares will be issued and the shareholding pattern of Devyani International will remain unchanged once the scheme is completed.
The subsidiaries together operate more than 100 outlets—including dine-in restaurants and cloud kitchens, spread across over 40 cities such as Delhi NCR, Mumbai, Kolkata and Bengaluru.
Devyani International, the largest franchisee of Yum Brands in India, said the consolidation is aimed at generating operational synergies, optimising resource utilisation and reducing layers within the corporate structure.
Financially, the move brings together businesses of varying scale. As of March 31, 2025, Devyani International reported a net worth of Rs 10,381.02 million and turnover of Rs 33,493.33 million. Sky Gate Hospitality posted a net worth of Rs 761.14 million with turnover of Rs 2,657.57 million, while Blackvelvet Hospitality and Say Chefs Eatery reported smaller operations and negative net worth.
The merger will consolidate these operations under a single corporate umbrella as the company sharpens its focus on scale and efficiency.
Devyani International currently runs more than 2,000 outlets across over 280 cities in India, Nigeria, Nepal and Thailand. Its portfolio includes franchise rights for brands such as Pizza Hut, KFC, Costa Coffee, Tea Live, New York Fries and Sanook Kitchen, alongside its own food brands.
With the paperwork underway and approvals pending, Devyani is essentially clearing the corporate clutter—turning three subsidiaries into one tighter, leaner operation. In the QSR world, even the back office needs a spring clean.
