Cryoviva Biotech Private Limited was founded in 2006 by RJ Corp. RJ Corp is a powerhouse multinational with thriving businesses in beverages, fast-food restaurants, retail, ice-cream, dairy products, healthcare and education. RJ Corp's, Varun Beverages Ltd., is one of the largest franchisee of PepsiCo in the world, listed on BSE & NSE in the year 2016. The net worth of Varun Beverages Limited is 41 billion INR. Devyani International Limited is the largest franchisee of Pizza Hut, KFC and Costa Coffee in India, got listed on BSE & NSE in the year 2021.

The Devyani International Limited recorded a net worth of 719 million Indian rupees. Cryoviva, a healthcare vertical of RJ Corp is focused on providing high-quality umbilical cord blood stem cell collection, processing and storage for both private and Social banking. The company is committed to provide quality services in terms of providing high end processing and storage technology which are approved by International authorities. Cryoviva India has set up 28,000 square feet, state-of-the-art stem cell processing and banking facility in Gurugram, Haryana.