Haldiram’s, a leading Indian snack food company, has announced the merger of its Delhi and Nagpur units, effective immediately. The merged entity, Haldiram Snacks Food Private Limited (HSFPL), brings together the FMCG businesses of Haldiram Snacks Private Limited (Delhi) and Haldiram Foods International Private Limited (Nagpur). The company’s CEO, Krishan Kumar Chutani, described the merger as a “fresh start” and a meaningful coming together of “legacy, passion, and a shared vision for the future”.
According to Chutani, the merger opens up new paths for growth, collaboration, and leadership, and will lead to deeper relationships and wider opportunities for the company’s partners and vendors. The company aims to expand its reach from Indian kitchens to global shelves, while staying true to its core values. The merger is seen as a significant step towards establishing a bigger and more global presence.
The announcement comes on the heels of investments from US firm Alpha Wave Global and UAE-based International Holding Co, as well as a minority stake picked up by Singapore-headquartered Temasek last month. These investments are expected to support Haldiram’s expansion plans and help the company achieve its goal of becoming a global player in the snack food industry.
The merger is expected to have a positive impact on the company’s operations, allowing it to leverage the strengths of both its Delhi and Nagpur units. With a combined entity, Haldiram’s will be able to streamline its operations, reduce costs, and improve its competitiveness in the market. The company’s commitment to its core values and its goal of expanding its global presence are expected to drive growth and success in the years to come. Overall, the merger is a significant development for Haldiram’s and is expected to have a positive impact on the company’s future prospects.