Haldiram’s Delhi, Nagpur Factions Merge to Form India’s Largest Snackmaker

Haldiram’s Delhi and Nagpur factions have completed their long-awaited merger to form Haldiram Snacks Food Pvt. Ltd., now India’s largest snacking company. CEO KK Chutani called it “a significant new chapter” as he announced the move on LinkedIn Monday.

The merger comes a year after CCI approval and just days after the company secured three strategic investors: Alpha Wave Global, IHC and Temasek. The $10-bln valuation for a 15% stake will support Haldiram’s global expansion, especially in the US and Middle East.

Chutani, the group’s first external CEO, was brought in two years ago to streamline operations and prepare for a potential listing. Haldiram currently leads India’s ₹47,000 crore snack market, ahead of rivals like PepsiCo and ITC.