Haldiram Snacks Pvt. Ltd. has emerged as India’s most valuable unlisted family-run business, according to the inaugural edition of the 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses list. According to NDTV PROFIT,Owned by the Manohar Agarwal family, Haldiram Snacks is valued at Rs 63,000 crore, ranking 30th overall among Indian family businesses. With eight family members actively involved, the company leads not only in the food and beverages sector but also in family participation. Haldiram’s journey began in 1937 in Bikaner, Rajasthan, and expanded to New Delhi in 1983, eventually becoming a major player in the packaged snacks industry. The two family branches managing the business are currently working on a merger into a new entity, Haldiram Snack Foods Pvt.
The rankings were based on company valuations as of March 20, 2024, excluding private investments and liquid assets, and adjusting for cross-holdings. Haldiram Snacks has also been considering an initial public offering, with recent bids valuing the company at around $8 to $8.5 billion, following earlier plans of a stake sale that did not materialize. The Agarwal family’s significant involvement and strategic moves have solidified Haldiram’s status as a powerhouse in the Indian family business landscape.
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