Haldiram's Explained

Haldiram Snacks Food Pvt. Ltd.
Trading Name:Haldiram's
Type:Private
Founder:Ganga Bishan Agarwal (Haldiram Ji)
Foundation:
Bikaner, Rajasthan, India
Hq Location City:Noida, Uttar Pradesh
Hq Location Country:India
Industry:Food
Products:Snacks, sweets, beverages, frozen foods, potato chips
Revenue: (FY23)[1]

Haldiram's is an Indian multinational sweets, snacks and restaurant company headquartered in Noida.[2] The company has manufacturing plants in locations such as Nagpur, New Delhi, Gurgaon, Hooghly, Rudrapur and Noida. Haldiram's has its own retail chain stores and a chain of restaurants in Pune, Nagpur, Raipur, Kolkata, Noida and Delhi.[3] [4] Haldiram's products are sold in more than 80 countries.[5]

History

Haldiram's was established in 1937 as a retail sweets and namkeen shop in Bikaner, Rajasthan.[6] It was founded by Ganga Bishan Agarwal, fondly known as Haldiram Ji.

In order to drive expansion, the company's first manufacturing plant was started in Calcutta (now Kolkata).[7] In 1970, a larger manufacturing plant was established in Jaipur.[7] Another manufacturing plant was established in New Delhi in the early 1990s.[7]

In 2003, the company began the process of developing convenience foods to be marketed to consumers.

In 2014, Haldiram's was ranked 55th among India's most trusted brands according to the Brand Trust Report; a study conducted by Trust Research Advisory.[8] In 2017, the company was named the country's largest snack company.[9]

In 2022, it was announced that the packaged snacks businesses of Delhi-based Haldiram Snacks and Nagpur-based Haldiram Foods International would be first demerged and then merged into an entity named Haldiram Snacks Food. Delhi-based brothers Manohar and Madhusudan Agarwal obtained a 56% stake of the merged entity, while Nagpur-based Shiv Kishan Agarwal received the remaining 44%.[10] [11] [12]

Products

Haldiram's has over 410 products. Its product range includes traditional namkeens, western snacks, Indian traditional and contemporary sweets, cookies, sherbets, and pickles. Products such as gulab jamun and Bikaneri bhujia and papadum are popular. The company also produces ready-to-eat food products. In the 1990s, the production of potato-based foods was enabled by the importation of machinery from United States designed for these purposes.

Haldiram's products are marketed at various retail locations such as bakeries and confectionery stores, among others, and also on various commercial websites. Prior and up to August 2003 in the United States market, the company's products were limited to potato chips. In the United States, the company's products are carried by many Indian supermarkets and are popular with the Indian diaspora.

In popular culture

Haldiram's thali was featured as the main character's favorite snack in the 2015 Bollywood film Prem Ratan Dhan Payo. More than 1.5 crore Haldiram's snack packets were printed with the logo of the film.[13]

Legal issues

In 2006, co-owner Prabhu Shankar Agarwal was found guilty for attempting to murder a tea seller. The tea seller had refused to move his stall from its location near Agarwal's restaurant in Kolkata.[14]

Notes and References

  1. News: Malviya . Sagar . A $1 billion bite: When it comes to crunch, desi snack packs are 'King' for Haldiram’s . 14 June 2024 . The Economic Times . 28 September 2023.
  2. Web site: Contact Us . www.haldiram.online/ . Haldiram's India Pvt Ltd . 11 November 2021 . 5 March 2022 . https://web.archive.org/web/20220305080327/https://haldiram.online/contact-us . dead .
  3. News: Bikaneri Namkeen hits $1 billion sweet spot . Economic Times . 2019-04-08.
  4. News: Bhujia to billions: Ganga Bhishen's Haldiram's has now become $3 bn biz empire. 2019-02-14. The Economic Times. 2020-02-21.
  5. Web site: 25 September 2018 . Rating Rationale . 16 February 2019 . CRISIL.
  6. News: Haldiram's website. 2024-05-01.
  7. Book: Case Studies in Marketing . Pearson Education India . Balakrishna, Sidharth . 2011 . 63–68 . 978-8131757970.
  8. Web site: India's Most Trusted Brands 2014. dead. https://web.archive.org/web/20150502221904/http://www.trustadvisory.info/allindia_2014.html. 2015-05-02.
  9. News: Haldiram topples PepsiCo; regains top spot as country's largest snack company . . 21 December 2017 . 16 February 2019.
  10. News: Haldiram brothers to merge Delhi and Nagpur operations as they prepare for market debut . 14 June 2024 . CNBCTV18 . 18 November 2022 . en.
  11. News: CCI approves demerger of FMCG business of Haldiram Snacks and Haldiram Foods . 14 June 2024 . The Economic Times . 3 April 2023.
  12. News: CCI approves Haldiram Group merger plan . 14 June 2024 . The Economic Times . 3 April 2023.
  13. News: Haldirams innovation in "Prem Ratan Dhan Payo". Nagpur Today . 2 December 2015 . 1 May 2024.
  14. Web site: January 28, 2010 . Haldiram boss held guilty of murder bid . 2023-01-31 . The Times of India . en.