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Varun Beverages Ltd operates in the beverage industry, focusing on manufacturing, distribution, and marketing. The company produces and distributes carbonated soft drinks, non-carbonated drinks, and packaged drinking water under trademarks owned by PepsiCo. It serves as a strategic partner managing manufacturing, distribution, and marketing for PepsiCo's beverage brands across multiple countries. Varun Beverages has been a franchisee of PepsiCo since the 1990s and is the second-largest PepsiCo franchisee worldwide outside the USA. Its operations encompass franchise rights in ten countries and distribution rights in four others, including India, Nepal, Sri Lanka, Morocco, Zambia, Zimbabwe, and South Africa. The company offers brands such as Pepsi, Seven-up, Mirinda Orange, Mountain Dew, and Tropicana Juices.