Papa John’s International has announced that it is expanding its partnership with PJP Investments Group, one of its longest-standing international franchisees, to open 650 restaurants in India by 2033.
The first of these new restaurants is set to open in Bangalore in 2024, followed by openings in other cities across South India and later in other regions of the country.
Papa John’s is drawn to the potential of the Indian market, with its significant size and a middle class that is experiencing growing income and aspirations. This presents an appealing business opportunity for the company to expand its operations.
“Papa Johns global momentum continues, in partnership with seasoned, successful restaurant operators like PJP Investments,” said Amanda Clark, Papa Johns Chief International and Development Officer by adding that PJP Investments first partnered with Papa Johns to expand into the UAE in 2005.
“We are excited that their commitment to flawless execution of Papa John’s high standards is now being brought to India,” added Clark.
PJP Investments Group, known for managing over 100 Papa John’s restaurants in the UAE, Saudi Arabia, and Jordan, is slated to open the first Papa John’s restaurant in India in 2024.
Under the leadership of CEO Tapan Vaidya, PJP Investments Group has become one of the earliest international franchisees of Papa John’s to embrace a modern restaurant design that is enhancing Papa John’s experience worldwide.
“We are excited to bring the BETTER INGREDIENTS. BETTER PIZZA. promise of Papa Johns to pizza lovers in India. Building on the success of our partnership with Papa Johns in the Middle East, this expansion of the renowned brand in South Asia will introduce an enormous new customer base to the superior quality pizza that can come only from high-quality ingredients and our fresh, never-frozen original dough,” pointed Vaidya.
Over the next 10 years, PJP Investments Group intends to operate approximately 1,000 Papa John’s restaurants. Papa John’s has recently attracted new international franchisees such as FountainVest Partners, a leading independent private equity firm in Asia, which plans to open more than 1,750 new Papa John’s restaurants in China by 2040. Furthermore, the company has expanded agreements with its existing franchisees.