FMCG Giant Haldiram’s Completes Merger, Sets Sights On Global Expansion

The merger of Haldiram's Nagpur and Delhi branches to create Haldiram Snacks Food Private Ltd has been finalised, announced CEO Krishan Kumar Chutani on LinkedIn. "A new chapter begins in the Haldiram story, and it's a significant one," Chutani posted on his LinkedIn account on Monday.

The FMCG operations of Haldiram Snacks Private Ltd (Delhi) and Haldiram Foods International Pvt Ltd (Nagpur) have merged to form a single entity—Haldiram Snacks Food Private Ltd (HSFPL).

"This isn't just a merger. It's a fresh start, a meaningful coming together of legacy, passion, and a shared vision for the future. Where timeless flavours meet bold ideas, and the journey only gets more exciting from here," said Chutani.

The merger has secured regulatory approvals from the Competition Commission of India (CCI) and the respective benches of the National Company Law Tribunal (NCLT) in 2023. In the newly formed Haldiram Snacks Food Private Ltd (HSFPL), the Delhi unit holds a 56 per cent stake, while the Nagpur branch owns the remaining 44 per cent.

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Haldiram’s Partnership With Strategic Investors

This development comes just a week after Haldiram’s, India’s largest packaged snacks, sweets company, and restaurant operator, announced partnerships with three strategic investors—Temasek, the Singapore-based global investment firm; Alpha Wave Global; and International Holding Company (IHC).

Although the deal’s specifics remain undisclosed, industry insiders estimate its valuation at around USD 10 billion (approximately Rs 85,000 crore), marking it as the largest in the Indian packaged food sector, as per a PTI report.

The partnership is expected to bolster Haldiram’s efforts to expand its footprint internationally, particularly in the US and the Middle East, regions with significant Indian diaspora populations.

"We are taking meaningful steps toward something bigger. From Indian kitchens to global shelves, we are expanding our reach while staying true to everything that makes Haldiram's special," Chutani said in his post.

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