Haldiram's Merges Delhi and Nagpur Units To Form Single FMCG Giant Haldiram Snacks Food Private Ltd

India's leading snacking brand Haldiram's, renowned for its wide range of salted snacks, ready-to-eat foods, and sweets, has made a big announcement recently. The company's Chief Executive Officer (CEO) Krishna Kumar Chutani, announced that the company has decided to merge its Delhi and Nagpur units to form a new entity, Haldiram Snacks Food Private Limited (HSFPL). This merger marked the beginning of an exciting new chapter in Haldiram's illustrious journey, one deeply rooted in heritage, passion, and a shared vision for growth.

With the formal merger of its Delhi and Nagpur divisions, the Indian snacking giant Haldiram has formed a single FMCG behemoth known as Haldiram Snacks Food Private Ltd (HSFPL). The businesses of Haldiram Foods International Private Ltd (Nagpur) and Haldiram Snacks Private Ltd (Delhi) are combined in this merger.

On LinkedIn, Krishna Kumar Chutani, the company's CEO, announced the achievement and said, "A new chapter begins in the Haldiram story, and it's a significant one. We're excited to share that the FMCG businesses of Haldiram Snacks Private Limited (Delhi) and Haldiram Foods International Private Limited (Nagpur) have come together as one-Haldiram Snacks Food Private Limited (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," CEO Chutani said.

HSFPL CEO Chutani added, "We're taking meaningful steps toward something bigger. From Indian kitchens to global shelves, we're expanding our reach while staying true to everything that makes Haldiram's special."

The merger process between the two companies was finalised after receiving approvals from key regulatory bodies in India. In April 2023, the Competition Commission of India (CCI) approved it, followed by the National Company Law Tribunal (NCLT) in September 2023. As part of the merger, the FMCG businesses of both companies were separated and restructured under a plan approved by the NCLT.

The new company, HSFPL, was formed to bring together the FMCG operations of both units. The ownership is divided between the two original units, with the Delhi unit holding 56% of the stake and the Nagpur unit holding 44%. This deal allows both companies to combine their FMCG businesses under one new entity while maintaining their respective shares.

Recent Foreign Investments in Haldiram's

The strategic merger is taking place just as Haldiram's is gearing up for a much-anticipated global expansion. With the recent investments from Singapore-based Temasek, American company Alpha Wave Global, and UAE-based International Holding Company (IHC), the business is now poised to further its reach beyond domestic markets. Chutani emphasized that this new entity would strengthen Haldiram's presence in the global snack food industry, allowing it to expand its portfolio and tap into emerging international markets.

About Haldiram's

Haldiram's is the pioneer of branded packaged traditional snacks. Shri Ganga Bhishan Agarwal, often known as 'Haldiram Ji', began Haldiram as a small retail shop in Bikaner in 1937. It headed from a household product to a global brand, beginning with a single small shop. Now, the company's products are exported to over 80 countries.