Big development in Haldiram after selling stakes to three companies, Ratan Tata’s Group and….

The process of merging Haldiram’s Nagpur and Delhi branches to form Haldiram Snacks Food Private Limited (HSFPL) has been completed. The Delhi unit holds 56 per cent stake in HSFPL and the remaining 44 per cent is held by the Nagpur branch. India’s largest packaged snack and sweets company and restaurant operator had about a week ago announced a partnership with three strategic investors – Singapore-headquartered global investment company Temasek, Alpha Wave Global and International Holding Company (IHC). Founded by Ganga Bishan Agarwal in 1937 as a retail sweets and namkeen shop in Bikaner, Rajasthan, Haldiram’s products are now sold in more than 80 countries.

Haldiram’s share in India’s snack food market is 21% while PepsiCo’s share is 15%. About 3,000 small and regional players have a 40% share in this market. This is the reason why big companies of the world were interested in buying stake in Haldiram.

Haldiram’s CEO Krishna Kumar Chutani gave information on Monday on the professional platform LinkedIn and wrote that a new chapter of Haldiram’s journey has begun and it is an important chapter. The FMCG (daily use household items) businesses of Haldiram Snacks Private Limited (Delhi) and Haldiram Foods International Private Limited (Nagpur) have merged together to become Haldiram Snacks Food Private Limited (HSFPL).

Haldiram had announced a strategic partnership with three strategic investors about a week ago. These include Singapore’s government investment company Temasek , Alpha Wave Global and International Holding Company. The details of the agreement were not shared but industry sources said that the deal has been done at a valuation of US $ 10 billion (about Rs 85,000 crore). It is considered to be the biggest deal in the Indian packaged food industry.

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