Varun Beverages Limited is the second largest franchisee in the world (outside the US) of carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), sold under trademarks owned by PepsiCo and a key player in the beverage industry. They produce and distribute a wide range of CSDs, as well as a large selection of NCBs, including packaged drinking water. PepsiCo CSD brands sold by them include Pepsi, Diet Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Seven-Up Nimbooz Masala Soda, Evervess Soda, Duke’s Soda, and Sting. PepsiCo NCB brands sold by them include Tropicana (100%, Essentials & Delight), Tropicana Slice, Tropicana Frutz, Seven-Up Nimbooz, Gatorade, and Quaker Oat Milk as well as packaged drinking water under the brand Aquafina. In addition, they have also been granted the franchise for Ole brand of PepsiCo products in Sri Lanka.