With its deep-rooted legacy and commitment to quality, the Agarwal family's creation remains a testament to India's rich culinary heritage. The net worth of Agarwal's family is staggering but Haldiram is valued alone at Rs 7000 crore.
Krishan Kumar Chutani, former CEO of Dabur International, who stepped down in Jan 2023 has joined Haldiram's as CEO. Chutani confirmed this development to BW. Prior to joining Haldiram's, he was associated with the group for close to 26 years.
Brothers Manohar Lal and Madhusudan Agarwal own and run Delhi-based Haldiram Snacks. The company is known for its savory snacks, sweets and frozen foods.
Its products were banned in the USA. Why? The US FDA found pesticide traces and bacteria in a sample shipment. But here's the twist those were the same snacks Indians were happily consuming.
What many do not know is that both companies, rivals on the field, belong to the same family. Haldiram's history goes back to the 1930s when Gangabishan Agarwal founded the snack company. Six decades later, his grandson, Shiv Ratan Agarwal, branched out to start his brand called Bikaji in 1993.
Topping the list is Mukesh Ambani's family with $90.5 billion in wealth. Mukesh Ambani oversees Reliance Industries, one of India's largest conglomerates.
New Delhi: Haldiram Snacks Food, the country's leading snack and food brand, on Monday confirmed selling its stake to two new investors -- IHC (International Holding Company) and Alpha Wave Global -- according to a release.
Shivratan Agarwal is the founder and chairman of Bikaji Foods International, a maker of Indian snacks and sweets. It was started as Shivdeep Products in 1986, combining his name and that of his son Deepak. He launched the Bikaji brand in 1993. Bikaji Foods got listed in November 2022 at an 8% premium to its IPO price.
Haldiram Snacks Food has announced Temasek as a strategic partner, with the investment firm acquiring close to 10% equity stake for around Rs 8,000 crore.
His family's connection to the iconic Haldiram brand dates back to 1940 when his grandfather, Gangabishan Agarwal, founded Haldiram in Bikaner. Later, his father, Moolchand Agarwal, managed the business alongside his four sons Shivkishan, Manoharlal, Madhu, and Shiv Ratan.
Haldiram's originated in 1937 as a small sweets and snacks shop in Bikaner, Rajasthan, established by Ganga Bishan Agarwal, affectionately known as Haldiram Ji. To facilitate growth, the company established its first manufacturing plant in Kolkata, formerly Calcutta.
It posted a profit after tax of Rs 1,400 crore in FY24 and revenue of Rs 12,800 crore. It also has a Rs 1,800 crore restaurant business which is being kept out of the transaction. Haldiram's stratospheric valuation comes not only from its leadership in the segment but also the segment's huge growth potential.
Haldiram Snacks Food, the country's leading snack and food brand, on Monday confirmed selling its stake to two new investors -- IHC (International Holding Company) and Alpha Wave Global -- according to a release. However, the statement did not disclose the details of the deal.
Haldiram is a name associated with the finest and authentic Indian taste in Sweets and Namkeens. We started our journey in 1937 at Bikaner, Rajasthan and today have an outstanding presence in India and across the globe.
With strong brand equity, innovation, and strategic expansion, it's no surprise that Haldiram commands a $10 billion valuation and remains the king of Indian snacks.
Virat Kohli's empire spans beyond cricket. From salary and endorsements to assets and businesses, his diversified portfolio places him at the top of the celebrity wealth index. At just 36, he's already a billionaire in rupees and continues to inspire athletes and entrepreneurs alike.
Mukesh Ambani is a strict vegetarian and teetotaler. During the fiscal year ending 31 March 2012, he reportedly decided to forgo nearly ₹240 million from his annual pay as chief of Reliance Industries Ltd (RIL).
"Deepak Aggarwal, MD of Bikaji Foods, reflects on the company's journey from its early days, when he and his father laid the foundation, to becoming a recognized brand in the industry.
PepsiCo has initiated discussions with the Aggarwal family, who own Haldiram, for a minority stake. Aggarwal family is seeking a valuation of Rs 85,000-90,000 crore for Haldiram. PepsiCo has joined the race to acquire a stake in Haldiram Snacks Food, India's largest ethnic snacks company, reported The Economic Times.
