Section 35

Haldiram's

Started as: A small namkeen and sweets shop in Bikaner

founded: 1937
founder: Ganga Bishan Agarwal, known as 'Haldiram'
headquarters: Delhi and Nagpur

10%
Stake Temasek agreed to buy, as reported in March 2025 — approx. · 2025: 10
Company value implied by the Temasek deal, as reported (US$ billion) — approx. · 2025: 80+
Countries where Haldiram's products are available · 2025

The story

Ganga Bishan Agarwal, called 'Haldiram' at home, opened a small shop in Bikaner in 1937. He changed the family bhujia recipe to make it finer and crisper, and his bhujia became famous across the town.

Later generations took the name to Kolkata, Nagpur and Delhi, where different branches of the family built separate businesses. By the 1990s Haldiram's sold sweets, frozen foods and ran restaurants, and its packaged snacks reached shops across India and abroad.

In 2024 the NCLT approved the merger of the Delhi and Nagpur businesses into one company, Haldiram Snacks Food. In 2025 Singapore's Temasek agreed to buy a minority stake, which news reports put at about 10% for about US$1 billion.

Where it works today

Namkeen and snacksSweetsFrozen and ready-to-eat foodsRestaurants

Main companies

Haldiram Snacks Food Pvt Ltd (merged Delhi and Nagpur businesses) · Haldiram's restaurants

Timeline

1937Ganga Bishan Agarwal opens a small shop in Bikaner selling bhujia and sweets.
1990sThe brand grows beyond namkeen into sweets, frozen foods and restaurants.
2024The NCLT approves a plan to merge the Delhi and Nagpur family businesses into Haldiram Snacks Food.
2025In March, Singapore's Temasek agrees to buy a minority stake, reported at about 10% for about US$1 billion.
2025Temasek seeks Competition Commission of India approval for the deal.
2025Alpha Wave Global and IHC join the funding round after Temasek.

Sources (7)

← All empires