Haldiram’s has merged its Delhi and Nagpur units to form a single entity — Haldiram Snacks Food Private Ltd (HSFPL). The merger brings together Haldiram Snacks Private Ltd (Delhi) and Haldiram Foods International Private Ltd (Nagpur) under one umbrella. The announcement was made by Krishan Kumar Chutani, CEO of Haldiram’s, on LinkedIn.
“A new chapter begins in the Haldiram story, and it’s a significant one,” Chutani wrote, describing the merger as “a meaningful coming together of legacy, passion, and a shared vision for the future.”
Originally proposed in November 2022 by the three Agarwal brothers, who independently manage Haldiram’s operations in Delhi and Nagpur, the merger has now been formalised following regulatory clearances. The Competition Commission of India (CCI) approved the move in April 2023, followed by the National Company Law Tribunal (NCLT) in September 2023.
The process involved the demerger of FMCG businesses from both entities under an NCLT-sanctioned scheme of arrangement. As per the final structure, the Delhi unit holds a 56% stake in the newly formed company, while the Nagpur unit retains a 44% stake.
While the integration marks a business milestone, Chutani framed it as a strategic and symbolic fresh start.
“This isn’t just a merger—it’s the start of something bigger,” he stated.
The official formation of HSFPL comes on the heels of a major equity financing round, which saw Temasek, Alpha Wave Global, and International Holding Company (IHC) acquire minority stakes in Haldiram’s. Temasek picked up a 10% stake, while Alpha Wave and IHC collectively acquired 6%, all at a valuation of approximately $10 billion.
These strategic investments are expected to further strengthen the company’s financial position as it looks to expand globally, with particular focus on markets in the United States and the Middle East.
Commenting on the road ahead, Chutani said the merger opens up new opportunities for employees, vendors, and partners, while delivering enhanced value to customers.
“It means everything our customers love, plus a lot of new things to look forward to,” he wrote.
