'New Chapter Begins': Haldiram's CEO Announces Merger Of Delhi, Nagpur Units
Snacking major's Haldiram's on Monday announced the official merger of its Delhi and Nagpur units. The announcement was made by Krishan Kumar Chutani, the company's chief executive officer.
"A new chapter begins in the Haldiram story, and it's a significant one. We're excited to share that the FMCG businesses of Haldiram Snacks Private Limited (Delhi) and Haldiram Foods International Private Limited (Nagpur) have come together as one—Haldiram Snacks Food Private Limited (HSFPL)," he posted on LinkedIn.
Chutani described this development as a "fresh start", and a meaningful coming together of "legacy, passion, and a shared vision for the future".
The merger opens up new paths to grow, collaborate, and lead, Haldiram's CEO said. For the company's partners and vendors, this merger means "deeper relationships and wider opportunities".
The company is taking steps towards establishing "something bigger", the top executive said, adding the aim is to reach from Indian kitchens to global shelves. "We're expanding our reach while staying true to everything that makes Haldiram's special," he added.
The merger has come into effect days after Haldiram's announced investments from US firm Alpha Wave Global and UAE-based International Holding Co. Also, the Singapore-headquartered Temasek picked a minority stake in the Indian packaged food manufacturer last month.
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