On 3rd April, the Competition Commission of India (CCI) approved the demerger of the FMCG business of Haldiram Foods & Haldiram Snacks. The demerger resulted in the company's formation, Haldiram Snacks Food Pvt Ltd (HSFPL).
As a result of the demerger, the current shareholders of Haldiram Snacks Pvt Ltd (HSPL) and Haldiram Foods International Pvt Ltd (HFIPL) will now own a 56% and a 44% stake, respectively, in the new entity Haldiram Snacks Food.
Haldiram started in the 1940s as a storefront namkeen and sweets company in Bikaner, Rajasthan. Haldiram's is now a global Indian sweet, snacks, and restaurant business based in Noida, catering to more than 410 products.
Kamalkumar Shivkisan Agrawal leads Haldiram Food, while Manohar Agarwal and Madhu Sudan Agarwal lead Haldiram Snacks. They market and manufacture packed food items such as snacks, namkeen, sweets, non-carbonated beverages, frozen food, biscuits, and noodles.
The demerger of Haldiram Food and Haldiram Snacks, plus the formation of HSFPL, is expected to have a notable impact on the FMCG market.
- Kritika Singhal
