Probably, you have had a taste of Aloo Bhujia from a packet or at least received a box of Soan Papdi at Diwali, even though you were not raised in India. Haldiram has not only become a brand, but also a habit, a ritual, and a giant in the Indian food culture because of that red logo.
But have you ever thought how large this namkeen empire is? So, how can a family business that began in a tiny shop in Bikaner, Rajasthan, earn more money than giants like McDonald’s and Domino’s in India?
Today, we will go deep into Haldiram’s financials, family drama, huge net worth, and future. We will also deconstruct complex numbers into simple terms to show you precisely what makes this firm a multi-billion-dollar giant. Haldiram Snacks sells millions of snack packets worldwide every day in 100+ countries.
In this blog, we will delve into Haldiram Net Worth 2025, exploring its valuation, annual revenue, profits, brand influence, and international footprint.
Haldiram Brand at a Glance
Haldiram, founded in 1937 in Bikaner, Rajasthan, by Ganga Bishan Agarwal, has grown from a small sweet shop into a multi-billion-dollar FMCG empire. Known for iconic snacks like Aloo Bhujia and festive sweets like Soan Papdi, Haldiram has become a household name in India and abroad.
Key 2025 Metrics:
- Valuation: ₹ 83,000–85,000 crore (~$10 billion)
- Annual Revenue (FY24‑25): ~₹ 14,500 crore
- Profit Margin: 20–21%
- Global Reach: Products sold in ~100 countries
- Product Portfolio: 500+ items, including snacks, sweets, ready-to-eat meals, frozen foods, beverages, and gift packs
- Business Mix: Ethnic snacks 64%, western snacks 14%, sweets 8%, ready-to-eat/frozen 4%, others 10–11%
Haldiram’s strong financials, global presence, and diversified product range make it one of India’s most valuable and trusted food brands, poised for further growth and a potential IPO.
Haldiram Net Worth (Recent Estimated Value) 2025
When we say the Haldiram Net Worth, we most commonly refer to its valuation; that is, if someone were to purchase the entire industry as it currently stands, how much would they need to pay?
At the end of 2024 and the beginning of 2025, the valuation of Haldiram is mind-boggling.
Estimated Brand Value: $10 billion (around ₹85,000 crore)
Private-equity deal: Temasek acquired nearly a 10% stake for about US $1 billion, implying the full valuation of US $10 billion.
Analyses by financial portals note that Haldiram is preparing for an IPO and is targeting a valuation range of US$8-10 billion (≈ ₹ 66,000-₹ 83,000 crore).
This figure reflects its strong brand presence, dominant market share, export footprint, and attractiveness to global investors.
Who Controls the Haldiram Brand Today?
This is where the plot becomes somewhat Bollywood-like. Haldiram belongs not to any individual person. The family has, over the decades, grown, and the business has been divided between the grandsons of the founder, Ganga Bishan Agarwal (also known as Haldiram).
There were three long-standing factions of Haldiram that existed in Delhi, Nagpur, and Kolkata as independent entities. But this changed recently with a gigantic merger between the Delhi and Nagpur branches, resulting in the formation of a giant.
Haldiram Owners
The new titans who are currently operating the show (the new merged firm Hadiram Snacks Food Pvt Ltd) are the following:
- Manohar Lal Agarwal (Head of the Delhi Faction)
- Madhusudan Agarwal (Brother of Manohar Lal, Delhi Faction)
- Shiv Kishan Agarwal (Head of the Nagpur Faction)
Note: The Kolkata faction also exists under the leadership of Prabhu Shanker Agarwal, but it is independent and does not figure in the massive merger valuation we are discussing. Hadiram Family background as an owner.
The expedition was started in 1937 in a small street in Bikaner. Ganga Bishan Agarwal began selling a special, fine version of Bhujia (a savoury noodle snack). It was even more palatable and crisp than the rest.
To other cities, this legacy was carried away by his grandsons:
- Shiv Kishan Agarwal made the brand available in Nagpur (Maharashtra) and West/South India markets.
- Manohar Lal and Madhusudan Agarwal brought the brand to Delhi and conquered North India.
They had been running territories on a strict basis for years. When you purchased a pack in Mumbai, the money was sent to Nagpur. When you bought it in Noida, it went to Delhi. They chose to combine the Delhi and Nagpur businesses into a single company, One Haldiram, to be ready to issue an IPO (Initial Public Offering) in 2023-2024.
Haldiram Owner Net Worth
The Hradiram family is very wealthy, according to the 2024-25 Forbes India Rich List.
- Total Family Worth: About $9 Billion to $11 Billion ( 75,000+ Crore).
- Manohar Lal and Madhusudan Agarwal: They can always be among the top billionaires in India, with personal wealth of 4-5 billion.
- Shiv Kishan Agarwal: He is also wealthy, and his wing has been adding millions of dollars to the group’s fortune.
They are also among the wealthiest families in India, but they have a relatively low profile compared to tech billionaires.
The Current CEO:
- Name: Krishan Kumar Chutani
- Role: CEO of Haldiram Snacks Food Pvt Ltd (the merged company).
- Background: He had worked as the CEO of Dabur International before joining Haldiram. His employment indicates that Haldiram is becoming not just a family shop but a corporate giant.
The Family’s Role:
Mr. Chutani is running the day-to-day operations and strategy, and the members of the Agarwal family (Manohar Lal, Madhusudan, etc.) are on the Board. They dictate the vision, recipes, and quality standards. They retain the soul of Haldiram intact as professionals handle the numbers.
Haldiram Revenue Growth Over the Years — A Look at the Numbers
Hadiram has grown at a breakneck pace. It was not a straight line but a rocket ship, at least during the past 5 years. With the migration of Indians towards packaged snacks (hygienic and branded) as opposed to loose snacks (available in the local sweet shops), Haldiram seized the market. The following is an overview of the expected annual turnover (Revenue) of Haldiram’s business in the past years:
| Financial Year | Revenue (₹ Crore) |
|---|---|
| FY 2019‑20 | ~ 3,708.6 |
| FY 2020‑21 | ~ 4,100.4 |
| FY 2021‑22 | ~ 5,035.4 |
| FY 2022‑23 | ~ 6,169.1 |
| FY 2023‑24 | ~ 12,800 |
| FY 2024‑25 (Projected) | ~ 14,500 |
Key Takeaway:
Hadiram has nearly doubled its revenues in the past 4 years. Such expansion of a company that is 80 years old is extremely bizarre and indicates how much the Indians desire their products.
Where Does Haldiram Make Its Money? Complete Earnings Breakdown
Haldiram’s business is shrewd, and it may seem they make money selling Bhujia, but it is much more than that. They do not depend on one source. The following is the breakdown of their revenue:
1. Packaged Snacks (The Cash Cow) -~80-85% of Revenue
This is the bread and butter (or Bhujia and Namkeen) of the company.
- Namkeens: Aloo Bhujia, Bhujia Sev, Moong Dal, Navratan Mixture.
- Desserts: Gulab Jamun, Tinned Rasgulla, Soan Papdi (the king of gifts during Diwali).
- Western Foodstuff: Chips, Takatak (their Kurkure), and peanuts.
- Cookies and bakery: an expanding segment.
The most significant revenue is attributed to this section, since these packets are sold everywhere, not only in large malls around Mumbai but also in small roadside shops in rural areas of Bihar.
2. Restaurants/QSR (Quick Service Restaurants) -15-20% of Revenue
Whether you live in a large city such as Delhi, Noida, or Nagpur, chances are that you have eaten in a Haldiram restaurant. They offer huge servings of Thalis, Chole Bhature, Dosa, and Chaat. These restaurants are Brand Experience Centers. When you consume high-quality, fresh food, you have more faith in the packaging. They are currently establishing restaurants in London, the USA, and Dubai.
Explore Haldiram Franchise Cost in India.
3. Exports
Haldiram’s is big worldwide. It is sold in over 100 countries. Indian diaspora (NRIs) in the USA, UK, Canada, and Australia desire the flavor of home. Exports contribute a significant share of pure profit because dollar or pound prices are higher than rupee prices.
Haldiram vs Its Competitors — Who Is Leading the Snacks Market?
| Feature | Haldiram’s | Balaji Wafers | PepsiCo (Lay’s / Kurkure) | Bikaji |
|---|---|---|---|---|
| Estimated Market Share (India – organised savoury snacks) | ~40% | ~12–13% nationally (65%+ in Gujarat, strong in Maharashtra & Rajasthan) | Packaged snacks, sweets, frozen foods, and restaurants | ~7–8% |
| FY24 Estimated Revenue | ~₹14,000 crore | ~₹6,500 crore | ~₹8,500 crore (India snacks division) | ~₹2,100 crore |
| Valuation / Market Cap (approx.) | ₹75,000–₹85,000 crore | ₹35,000–₹40,000 crore | Listed US multinational | ~₹11,000–₹13,000 crore |
| Core Strength | Huge product variety + national & export presence | Regional dominance + low-price strategy | Deep marketing + global branding | Traditional Indian snacks positioning |
| Global Reach / Exports | Exports to 100+ countries | Limited | Global | Exports to ~45+ countries |
| Business Model | Western India has a heavy concentration | Namkeen & chips | Chips & puffed snacks | Namkeen, sweets & packaged snacks |
| Distribution Spread | Pan-India + strong retail + D2C + restaurant chain | Western India heavy concentration | Pan-India | North + West India |
| Brand Recall | Very high (heritage brand + trust factor) | Very strong in Gujarat / West India | Very high due to heavy advertising | Growing steadily |
Top-Selling Haldiram Products That Power Its Business
Hadirams has a menu that is hundreds long. Nevertheless, they have a couple of Star Players who make most of their sales.
- Aloo Bhujia (The King): If Haldiram were a film, the protagonist would be Aloo Bhujia. It is a potato-based, addictive, spicy noodle snack. Probably it is the best-selling individual snack in India.
- Soan Papdi: As the so-called passing parcel of Diwali, Soan Papdi is a colossal earner. It is inexpensive, has a high shelf life, and tastes good. The default gift of the millions of Indians is it.
- Ready-to-Eat Curries (The Export Hero): Dal Makhani, Palak Paneer, and Rajma Chawal packets, which you need to heat and devour. These are massive retailers in the USA and Europe, serving students and professionals who miss Indian food.
- “Takatak”: This was the response of Hadidram to Kurkure. It turned out to be a massive success among the children since it had the same masala tastes but the Haldiram trust factor for the parents.
- Gulab Jamun & Rasgulla Tins: Hadiram canned these sweets, making them travel-friendly. Now you have the opportunity to fly or ride a train with Rasgulla, and they won’t spill. This invention transformed the market of sweets.
Conclusion
What is the future of this snack empire, therefore?
In 2025, there will be a new dawn. As the family divisions are combined and there is a professional CEO running the company, Haldirams is about to make its most significant jump ever: The IPO (Initial Public Offering). Should Haldiram move to the Stock Market, then it will have turned out to be one of the largest IPOs on the Indian history. It will enable ordinary citizens such as you and I to own a small portion of the firm that we have been dining years upon years.
Moreover, they are changing their focus. They are also attempting to be a Healthy Snacking company as well, introducing baked chips, diet mixtures, and sugar-free sweets in order to attract the health-conscious generation. Haldiram Net Worth is up to 8.5 billion, Haldiram has demonstrated that when you stick to quality and understand what Indian Taste is, there is no limit. They are not simply selling snacks; they are selling the flavor of India.
FAQs
What is Haldiram’s net worth in 2025?
The estimated net worth/valuation of Haldiram in 2025 is around ₹83,000 crore (≈ $10 billion), based on recent investor assessments and stake-sale valuations.
What is the Haldiram valuation in rupees in 2025?
Haldiram’s latest valuation ranges between ₹75,000 crore and ₹85,000 crore, depending on market projections and private equity evaluations.
What is the turnover of Haldiram in 2025?
The projected Haldiram turnover for FY 2024-25 is approximately ₹14,000 crore, up from ~₹12,800 crore in FY 2023-24.
What is the revenue and profit of Haldiram?
Haldiram generates over ₹12,800 crore in annual revenue, with an estimated profit margin of 15–20%, resulting in an estimated operating profit of ₹ 1,700+ crore per year.
What is the daily turnover of Haldiram?
Based on FY24 revenue, Haldiram earns roughly ₹34–₹38 crore per day from packaged foods, sweets, frozen, and restaurant sales combined.
