Devyani International Appoints Manish Dawar as CEO Ahead of Sapphire Foods Merger

Devyani International has appointed Manish Dawar as CEO, effective April 1, 2026, ahead of its proposed merger with Sapphire Foods India. Dawar succeeds Virag Joshi and will lead the company through a pivotal phase, overseeing efforts to strengthen performance across the restaurant portfolio. The merger is expected to create one of the largest Yum! Brands operators in India and overseas, generating scale, operational synergies, and tighter control over technology and supply chain functions.