i. Sanjay Purohit, is the Whole Time Director and Group CEO of the Company. He had pursed mechanical engineering from Mangalore University and is an alumnus of The Indian Institute of Management Bangalore. Before joining the Company, he was the Managing Director for Levi Strauss & Co India, and was also associated with Cadbury India Limited, Mobil Peevees Company Limited, Asian Paints (India) Limited, Aristocrat Marketing Limited, International Medical Company, and Goodlass Nerolac Paints Limited. He has over 30 years of work experience across consumer product categories including food and apparel retail, packaged food, and paints. ii. Sunil Rewachand Chandiramani, is the Chairman and Independent Director of the Company. He holds a bachelor’s degree in commerce from University of Mumbai, and an honours diploma in systems management from the National Institute of Information Technology. He is also an associate of the Institute of Chartered Accountants of India. Prior to joining the Company, he was associated with S.R. Batliboi & Co. LLP as a partner from April, 1996 to March, 2001 and with Ernst & Young LLP as a partner from April, 2001 to September, 2014. He is also the founder of NYKA Advisory Services and currently manages its business affairs as the proprietor. He has experience of over 29 years and has worked in the field of accounting and advisory services. iii. Sumeet Subhash Narang, is a Non-Executive Director of the Company as a nominee of Sapphire Foods Mauritius Limited (Selling Shareholder). He holds a bachelor’s degree of engineering in the field of mechanical engineering from University of Roorkee and has completed his master’s in business administration from Harvard University and has also pursued a post graduate diploma in management from Indian Institute of Management Society, Lucknow. Further, he has been awarded the John L. Loeb Award, from the MBA Financial AID and Fellowship Board, Harvard Business School.

The company competes within the food services market and the QSR segment not only for customers, but also for personnel and suitable sites for their restaurants. The competitors include international QSR chains operating in India, such as McDonalds, Domino’s Pizza, Subway and Burger King, as well as local restaurants in the QSR segment.

Name of the company	Total Income (₹ in million)	Face Value (₹)	EPS	RoNW	NAV per equity share (₹
Jubilant FoodWorks Limited	33,849	10	17.55	16.16	108
Westlife Development Limited	10,303	2	-6.38	-20.66	30
Burger King India Limited	5,229	10	-5.47	-25.82	17.59
Devyani International Limited	11,988.	1	-0.5	-48.52	1.03

 

Review and Recommendation of Sapphire Foods IPO by InvestorZone is 5/10 1. As of June 31, 2021, they owned and operated 209 KFC restaurants in India and the Maldives, 239 Pizza Hut restaurants in India, Sri Lanka and the Maldives, and 2 Taco Bell restaurants in Sri Lanka. In 2020, KFC, Pizza Hut and Taco Bell recorded system sales worldwide of US$26.2 billion, US$11.9 billion and US$11.7 billion, respectively. 2. Despite showing revenue of ~1000 Crores in FY21, the company is still in loss. 3. Devyani International which has same franchise of KFC, Pizza Hut etc as that of Sapphire, it available at ~18000 Cr Mcap on 1100 Crores revenue. So, Mcap/Sales = 16x. While, Sapphire with almost same revenue is coming up at ~7500 Cr of Mcap. 4. Good chances of listing gain as something has left on table for the investors as compared to its listed peers.

Sapphire Foods India Limited 702, Prism Tower, A Wing, Mindspace, Link Road, Goregaon (West), Mumbai, 400 062, Maharashtra, India. Phone: +91 22 6752 2343 Email: investor@sapphirefoods.in Website: https://www.sapphirefoods.in/