Prestair System

RestaurantBlackstone seeks to acquire a 20% stake in Haldiram’s snacks business in India, valuing it at $8 billion, sources reveal.
Haldiram's Snacks

Blackstone seeks to acquire a 20% stake in Haldiram’s snacks business in India, valuing it at $8 billion, sources reveal.

In a significant development for the Indian snack industry, private equity giant Blackstone is reportedly negotiating the acquisition of a 20% stake in Haldiram’s snacks business, valuing the iconic brand at $8 billion. This move comes after earlier plans for a majority acquisition, initially estimated at a $12 billion valuation, did not materialize. Haldiram’s, a household name in India, holds a 13% share of the $6.2 billion savoury snacks market, according to Euromonitor International.

The negotiations underscore Haldiram’s pivotal role in India’s snack sector. Renowned for its diverse range of products, from the crispy and flavorful “bhujia” to an assortment of traditional Indian snacks, Haldiram’s has successfully combined its legacy of quality with a strong market presence. Beyond snacks, Haldiram’s operates over 150 restaurants across India, cementing its position as a trusted and beloved brand.

While Blackstone is keen to finalize the deal, discrepancies in valuation remain a point of contention. Haldiram’s insists on a $12 billion valuation, a figure that reflects the company’s rich heritage and extensive market reach. Blackstone, however, seeks to close the transaction at an $8 billion valuation. Other global investment firms, including Bain Capital, Temasek, and Abu Dhabi Investment Authority (ADIA), have also shown interest in acquiring a minority stake, indicating the brand’s global appeal and growth potential.

Haldiram’s journey began in 1937 in Bikaner, Rajasthan, with a small shop specializing in traditional Indian snacks. Over the decades, it has evolved into an international brand, representing India’s culinary heritage on a global stage. Despite the ongoing negotiations, Haldiram’s remains focused on expanding its footprint while maintaining the authenticity and quality that have defined its legacy.

For global investors, the opportunity to partner with a brand as influential as Haldiram’s represents a chance to tap into India’s burgeoning FMCG market. As the discussions unfold, all eyes remain on how this strategic collaboration could reshape the dynamics of India’s snack industry.


About Prestair system

Prestair System is a company specializing in providing high-quality food service equipment and premium display solutions for the hospitality industry. The company plays a crucial role in supporting restaurants, hotels, and food chains by delivering top-tier commercial kitchen equipment, helping them operate efficiently and maintaining high standards in food preparation and service.

Over the years, Prestair System has successfully completed several significant projects, including collaborations with renowned food chains like Bikanervala. Notably, the company has executed large-scale projects, such as opening 30 outlets during the Navratri festival and completing projects along the Mumbai-Delhi Highway for Bikanervala, a leading player in the Indian sweets and snacks industry.

With a commitment to quality and innovation, Prestair System has gained recognition as a trusted partner for premium kitchen and display solutions in the hospitality sector, helping businesses enhance their operations and customer experience.

The company is also known for its premium display solutions, which help food service providers present their offerings in an appealing and efficient manner, adding value to the overall dining experience for customers.


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Prestair System LLP was incepted in the year 1982. We are the manufacturer of Commercial food & service equipment a. Kitchen Equipment b. Display Cabinet We offers value for money products.