Sapphire Foods India Limited is an India-based company engaged in the business of quick service restaurant (QSR) and casual dining business (CDR). The Company is a franchisee operator of Yum Brands in India, Sri Lanka, and the Maldives. Its operating brands include Kentucky Fried Chicken (KFC), Pizza Hut and Taco Bell. KFC is a QSR chain that offers a comprehensive menu featuring chicken on the bone, boneless chicken and other chicken products, burgers, rice, rolls, beverages, and popcorn chicken. Pizza Hut offers a comprehensive menu for all parts of the day with a variety of pizzas, pasta, appetizers, beverages, cheeseballs, garlic bread, fries, melts, thin crust pizza, momos, and desserts. Taco Bell offers a comprehensive menu comprising a variety of tacos, rice, sweet burritos, quesadilla, and bell wings. The Company has approximately 963 outlets (KFC, Pizza Hut, and Taco Bell) in India and Sri Lanka.