India, Jan. 2 -- Indian billionaire Ravi Kant Jaipuria, often referred to as India's "Cola King," is expanding his four-decade-old business empire through a landmark merger in the fast-food sector. His conglomerate, RJ Corp, is consolidating two major franchisees as Devyani International moves to absorb Sapphire Foods, creating a dominant national presence for KFC and Pizza Hut outlets.

Jaipuria's diversified group spans beverages, fast food, healthcare, and education, and its strong market performance has sharply boosted his wealth. His estimated net worth by the end of 2024 was $17.3 billion (Rs.1.56 lakh crore), placing him among the richest people in the nation.

Indian billionaire businessman Ravi Kant Jaipuria is referred to as the...