In a landmark move for India’s snack industry, Haldiram Snacks Food has announced the merger of its Delhi and Nagpur units. This reunites two branches of the Agrawal family that have operated independently for decades. The merger, approved by the National Company Law Tribunal (NCLT), marks a significant step in consolidating the iconic snack brand’s presence in the market.
The newly formed entity, Haldiram Foods and Snacks, will unify operations, bringing together the company’s extensive portfolio of salted snacks, sweets, retail outlets, and eateries. Industry experts believe this merger will streamline operations, improve supply chain efficiency, and strengthen the company’s market leadership.
The merger comes alongside a strategic investment deal with Singapore’s Temasek Holdings, which has acquired a 10% stake in Haldiram at a valuation of $10 billion (₹84,000 crore). The promoters will sell 9% of their stake to Temasek as part of this agreement. Additionally, sources suggest Haldiram is exploring the sale of another 5% stake and preparing for a potential IPO.
Unifying the two family-run units is seen as a crucial move to preserve family control while enhancing growth prospects. The Agrawal family has been working toward this merger to build a stronger, unified brand that can better compete in India’s fragmented ethnic snack market, which includes competitors such as Bikaji Foods, Gopal Snacks, and Prataap Snacks.
Haldiram’s expansion efforts reflect the growing trend of mergers and acquisitions in the FMCG sector, particularly in the snack industry. With Indian immigrants driving demand for traditional snacks abroad, the unified Haldiram Foods and Snacks is poised to expand its global footprint while maintaining its deep-rooted cultural legacy.