Haldiram Global Expansion Gets a Boost with Sheikh Tahnoon-Backed Investments
Haldiram Snacks Foods, a beloved name in India’s ethnic snacks industry, has taken a giant leap toward haldiram global expansion with new investments from Alpha Wave Global and International Holding Company (IHC). These investment firms, backed by UAE’s Sheikh Tahnoon bin Zayed, are set to propel Haldiram into international markets, especially in the United States and the Middle East.
Strategic Growth with Global Investors
Haldiram has secured Alpha Wave’s 6% stake for Rs 5,160 crore ($600 million), valuing the company at Rs 86,000 crore ($10 billion). This comes on the heels of its recent partnership with Singapore’s Temasek, marking one of the biggest private equity investments in India’s food industry. With these back-to-back deals, Haldiram is poised to take Indian flavors global, catering to a growing demand for authentic Indian snacks.
Haldiram: A Powerhouse in the Indian Snack Market
From a humble family-run business to India’s largest ethnic snack brand, Haldiram has built a stronghold in the Rs 47,000 crore snack food industry. Competing with giants like PepsiCo, along with homegrown brands like ITC, Bikaji Foods, Bikanervala, and Parle Products, Haldiram continues to dominate with its extensive range of snacks, sweets, ready-to-eat meals, and beverages, sold in over 50 countries. These fresh investments will further enhance its production capacity and international footprint.
Financial Strength and Future Plans
With a reported FY24 revenue of Rs 12,800 crore, an EBITDA of Rs 2,580 crore, and net profit of Rs 1,400 crore, Haldiram is thriving. The merger of its Delhi and Nagpur divisions, approved by the Competition Commission of India (CCI), is expected to streamline operations. Looking ahead, the company is eyeing an IPO within 12-24 months, targeting a public market valuation of Rs 93,500 crore ($11 billion).
What’s Next for Haldiram?
With the backing of Alpha Wave, IHC, and Temasek, Haldiram is gearing up for a new era of innovation and global reach. Customers can look forward to more diverse offerings, better accessibility in international markets, and a stronger brand presence worldwide. As the love for Indian snacks and flavors continues to grow, Haldiram is ready to serve a bigger audience while staying true to its rich heritage and commitment to quality.
Conclusion
This latest investment marks an exciting chapter in Haldiram’s journey, cementing its position as a global leader in the snack industry. With a perfect blend of tradition and modern business strategies, Haldiram is well on its way to taking the world by storm—one bite at a time!
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