Papa John's announced that Avan Projects Pvt. Ltd., has purchased a majority interest in OM Pizza & Eats, the brand's franchisee in India. As a result, Avan Projects will take over the day-to-day operations of all Papa John's restaurants in India, and has development rights for certain regions of the country.
Avan Projects is led by Atulya Mittal.
"This is a terrific opportunity," Mittal said. "With Papa John's support and our experience in India, we are confident of making the brand a success in the country."
At the end of the third quarter, Papa John's had 4,296 restaurants open in 35 countries and territories. The company began its international operations 14 years ago, and has increasingly looked to key international markets like India for growth.
"We've spent a great deal of time methodically growing our international operations over the past 14 years," said Tim O'Hern, Papa John's chief development officer. "India is a key growth market for us and with Avan Projects we are optimistic that we can continue to grow the brand and bring a better pizza experience to more and more consumers throughout the country."
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