India’s leading snack manufacturer, Bikaji Foods International Ltd, has announced a fresh investment of $5 lakh (₹4.18 crore) in its US subsidiary, Bikaji Foods International USA Corp, as part of its strategy to strengthen international operations and expand its distribution network in North America.
The company’s board approved the investment on Tuesday, allowing Bikaji to subscribe to an additional 50,000 common shares of the US unit, aggregating to $ 500,000. The move is expected to expand Bikaji’s retail presence and enhance brand visibility among the Indian diaspora in the United States.
Bikaji’s US subsidiary, which trades in a wide range of products including bhujia, namkeen, sweets, and frozen foods, reported a turnover of $1.77 million in FY25.
In a parallel development, the board also cleared the execution of a ₹4 crore loan agreement with Petunt Food Processors Pvt. Ltd. (PFPPL) and approved the acquisition of 35,98,998 equity shares, making it a wholly owned subsidiary of Bikaji Foods.
PFPPL is engaged in the manufacturing, processing, packaging, and trading of various food and snack products, including sweets and namkeens.
Bikaji Foods, founded by Ratan Agarwal, continues to diversify its portfolio across categories. Ethnic snacks currently contribute 68.1% of its total revenue, followed by packaged sweets (13.2%), western snacks (8.5%), papad (5.9%), and others (4.3%).
“This balanced mix ensures resilience across different consumer preferences and seasonal variations,” Agarwal said earlier.
With this investment, Bikaji Foods aims to consolidate its global presence and reinforce its leadership in the Indian ethnic snacking segment — both at home and overseas.