Haldiram's Delhi and Nagpur Factions Complete Merger Of FMCG Business

New Delhi: The process of merging Haldiram's Nagpur and Delhi branches to form Haldiram Snacks Food Private Ltd has been completed, informed its CEO Krishan Kumar Chutani on the social media platform LinkedIn.

"A new chapter begins in the Haldiram story, and it's a significant one," Chutani posted on LinkedIn on Monday. The FMCG businesses of Haldiram Snacks Private Ltd (Delhi) and Haldiram Foods International Pvt Ltd (Nagpur) have come together as one -- Haldiram Snacks Food Private Ltd (HSFPL). "This isn't just a merger. It's a fresh start, a meaningful coming together of legacy, passion, and a shared vision for the future.

Where timeless flavours meet bold ideas, and the journey only gets more exciting from here," said Chutani. The merger has already received regulatory clearances from fair trade regulator CCI and respective benches of the National Company Law Tribunal (NCLT) in 2023. In HSFPL, the Delhi unit holds 56 per cent stake and rest 44 per cent is owned by the Nagpur branch. The development comes a week after India's largest packed snack and sweets company and restaurant operator announced partnering of three strategic investors -- Singapore-headquartered global investment firm Temasek, Alpha Wave Global and International Holding Company (IHC).

The details of the deal was not disclosed, but industry insiders said it was done at a valuation of $10 billion (around Rs85,000 crore), which is considered to be the largest for the Indian packed food industry. The deal will also help Haldiram's to expand its presence in the international markets , specially in the US and the Middle East, which has a large number of Indian diaspora.