Bikaji Bakes Incorporated as Wholly-Owned Subsidiary of Bikaji Foods International
Bikaji Foods International (BFIL), a renowned name in the food industry, has recently announced the incorporation of its wholly-owned subsidiary, Bikaji Bakes Private Limited (BBPL), as approved by the Ministry of Corporate Affairs (MCA) on December 28, 2024. This strategic move signifies a major expansion into the bakery sector, where BBPL will focus on manufacturing, distributing, and operating outlets for a diverse range of high-quality bakery products.
BBPL will offer a variety of bakery offerings, including frozen bread, cakes, gluten-free items, croissants, viennoiserie, and other popular baked goods. This expansion into the bakery industry aligns with Bikaji Foods’ commitment to offering customers a wide array of delicious and innovative products, catering to different tastes and dietary needs. The new subsidiary is expected to enhance Bikaji Foods’ market presence and boost its product portfolio, which already includes popular snacks and savory items.
As part of the incorporation, Bikaji Foods International has acquired 10,000 equity shares in Bikaji Bakes, each with a face value of Rs 10, amounting to a total investment of Rs 1,00,000. The move further strengthens the relationship between the parent company and the subsidiary, positioning Bikaji Bakes as an integral part of the overall business strategy.
Bikaji Bakes has also become a related party of BFIL, with Deepak Agarwal and Shweta Agarwal, members of the Bikaji Foods promoter group, being appointed directors of the new subsidiary. This integration is expected to create synergies between the two entities, enabling better operational efficiencies and a seamless distribution network for the bakery products.
With the launch of BBPL, Bikaji Foods International aims to tap into the growing demand for quality bakery items, offering customers a wider selection of fresh and frozen products. The incorporation of Bikaji Bakes further strengthens Bikaji Foods’ position in the competitive food industry, enhancing its brand value and market reach.
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