The consolidation merges Haldiram Snacks Private Ltd. (Delhi) and Haldiram Foods International Private Ltd. (Nagpur) under one umbrella, streamlining operations and strengthening the brand’s market position
Haldiram’s, the iconic Indian snack brand, has announced the merger of its Delhi and Nagpur divisions to form a single fast-moving consumer goods (FMCG) company — Haldiram Snacks Food Private Ltd. (HSFPL). The announcement was made by CEO Krishan Kumar Chutani in a LinkedIn post.
“This is more than just a merger; it marks a new beginning. It represents the coming together of our heritage, passion, and a united vision for the future, where traditional flavors blend with bold innovations,” Chutani stated.
The consolidation merges Haldiram Snacks Private Ltd. (Delhi) and Haldiram Foods International Private Ltd. (Nagpur) under one umbrella, streamlining operations and strengthening the brand’s market position.
This merger follows a recent minority stake sale as part of the company’s fundraising efforts. Temasek acquired a 10 per cent stake, valuing Haldiram’s at $10 billion, while Alpha Wave Global and International Holding Company (IHC) purchased an additional 6 per cent.
These strategic investments aim to enhance the company’s financial strength and support its global expansion plans, particularly in the United States and Middle Eastern markets.