In a milestone move set to reshape India’s snack food industry, the Delhi and Nagpur factions of Haldiram have officially merged to form Haldiram Snacks Food Private Limited, now the country’s largest snacking company.
The announcement was made by KK Chutani, CEO of Haldiram, via a LinkedIn post on Monday, calling it a “significant new chapter.” He wrote, “Bringing these two forces together means more than scale, it means possibilities. From Indian kitchens to global shelves, we’re expanding our reach.”
The merger follows the recent infusion of capital from three strategic investors — Alpha Wave Global, International Holding Company (IHC), and Singapore-based Temasek — who collectively acquired a 15% stake in the company, valuing it at $10 billion. The investment is aimed at accelerating Haldiram’s international expansion, especially in key markets like the United States and the Middle East.
The merger comes a year after approval from the Competition Commission of India (CCI). The Delhi arm was led by Manoharlal Agarwal and Madhu Sudan Agarwal, while the Nagpur-based Haldiram Foods International was under Kamal Kumar Agrawal.
Haldiram currently dominates the domestic ₹47,000 crore snack food market, ahead of global and local players such as PepsiCo, ITC, and Balaji Snacks. The unification of its two largest entities is expected to drive efficiencies, brand cohesion, and global scalability.
Chutani, who became the first non-family CEO of the group two years ago, has been instrumental in streamlining the traditionally family-run business. His appointment was seen as a strategic move to professionalize operations and potentially prepare the company for a public listing.
“This merger means new paths to grow, collaborate, and wider opportunities,” Chutani added.
With its legacy brands and growing investor confidence, Haldiram now eyes a stronger foothold in the global ethnic snacks market, setting the stage for its next phase of growth.