However, it is impossible to talk about Indian food and not mention one name of Haldiram, who lives in India. It could be a pack of Aloo Bhujia with the opening of it at the cricket match, a box of Soan Papdi given at the Diwali party or a family dinner at one of their restaurants, Haldiram is amazing. It is not only a brand; it is a feeling to millions of Indians.
But have you ever thought how large this company is? What is the amount of money the family of this snack empire earns? And does this traditional Indian store really make more than the world giants, such as McDonalds? This paper will dissect the Haldiram Net Worth in 2025, the family behind the business and how a small store in Bikaner would become a multi-billion dollar enterprise.
Briefly: The Numbers That Matter
The fast facts you have to know before plunging into the story are these:
- Estimated Company Valuation (2025): ₹63,000 Crore -170,000 Crore ($7.5 -8.5 Billion)
- Annual Revenue (Turnover): An estimate of 14,500 Crore FY24-25.
- Market Share: Has a 20+ percent share in the Indian organized snacks market.
- International network: Exports to more than 100 countries, the United States of America, the United Kingdom and Canada.
Fast Facts (2025)
| Category | Details |
| Estimated Company Valuation (2025) | ₹63,000 Crore – ₹70,000 Crore ($8–8.5 Billion) |
| Annual Revenue (FY 2024–25) | Approx. ₹14,500 Crore |
| Market Share | 20%+ in the organized Indian snacks market |
| Global Presence | Exports to 100+ countries including USA, UK, Canada |
Hadidram as a Worldwide FMCG Brand
The Indian dream is best demonstrated by the story of Haldiram. It did not begin in an upscale corporate building, it began in a small store in Bikaner, Rajasthan in 1937.
A young man, Ganga Bishan Agarwal (popularly known as Haldiram) began selling a different kind of Bhujia. His Bhujia was thin, crispy and prepared using moth dal rather than gram flour as opposed to the thick and hard snacks that people were accustomed to. It was an instant hit.
The business was moved to Kolkata (1950s), Nagpur and Delhi (1980s) in the past.
The thing that was unique with Haldiram was that they were selling tradition. Snacks were previously sold loose in paper bags before them. Hygiene, appealing packaging and standard taste that was brought by Haldiram. Now they are not only a snack corporation, but an enormous FMCG (Fast-Moving Consumer Goods) enterprise that is competing with PepsiCo (Lays/Kurkure) and dominating over it!
Haldiram Net Worth (Recent Estimated Value) 2025
Then what worth is there of this empire? By 2025, Haldiram is projected to be ranging between 8 Billion and 8.5 Billion. Converting this to Indian money this amounts to about 66000 crore to 70000 crore.
The valuation attracted attention in which international investors such as Blackstone and Temasek were interested in acquiring a majority stake within the company. The Agarwal family, though, supposedly demanded even higher valuation having been near to 10 -12 Billions.
Hadidiram is now ranked as the most valuable unlisted family business in India according to the Hurun India Rich List. This implies that Haldiram is the ruler of the food industry among the companies that are not in the stock market yet.
Who Is the Owner of Haldiram?
Hadidram does not belong to a single individual. The Agarwal Family owns it though over the decades there has been a process of dividing the business between the various brothers that ran individually in various geographic locations (Delhi, Nagpur, and Kolkata).
The Delhi and Nagpur groupings have just been brought together to form one giant.
Haldiram Owner Name(s)
The major players in the organization today include:
- Manohar Lal Agarwal: He is involved in the head of the Delhi branch. He has modernized the brand and has launched the fancy restaurant chains in North India.
- Madhusudan Agarwal: Brother to Manohar Lal, he has been very central to the operations in Delhi.
- Shiv Kishan Agarwal: He is the head of Nagpur branch that is known to have massive manufacturing facilities and distribution in West and South India.
(Note: Shiv Ratan Agarwal is the manager of Bikaji. He is in the same family, but Bikaji is an independent company listed, not a company in Haldiram Snacks Pvt Ltd.)
Want to Start your own Haldiram Franchise? Read Details of Haldiram Franchise Cost.
The Haldiram Family Background as the owner of the company
They are all the descendants of the founder, Ganga Bishan Agarwal. The family is also the Marwari community, which is shrewd in business. Their family is secretive, with its enormous wealth, and does not show off on the media, despite this.
Haldiram Owner Net Worth
Though the personal bank balances remain confidential, the Manohar Lal and Madhusudan Agarwal family (Delhi) and the Shiv Kishan Agarwal family (Nagpur) have an aggregate wealth of an estimated amount of more than 63,000 Crore. They always take their place in the Forbes and Hurun Rich Lists of the wealthiest families in India.
Haldiram Owner Names
| Owner | Role |
| Manohar Lal Agarwal | Head of Delhi operations; modernized the brand and expanded restaurants |
| Madhusudan Agarwal | Key leader in Delhi division |
| Shiv Kishan Agarwal | Head of Nagpur division; manages major factories and distribution |
Haldiram Turnover Year-by-Year.
Hadiram net worth has experienced a rocketing growth over the past ten years. They have not only increased but also multiplied their sales.
Their projected growth in revenues (when combined with the key players) looks as follows:
Table: Haldiram Revenue Growth (Approx.)
| Financial Year | Estimated Revenue (₹ Crore) |
| 2015–16 | 4,000 |
| 2016–17 | 4,800 |
| 2017–18 | 5,400 |
| 2018–19 | 7,000 |
| 2019–20 | 7,100 |
| 2020–21 | 8,000 |
| 2021–22 | 9,500 |
| 2022–23 | 12,000 |
| 2023–24 | 13,500 |
| 2024–25 (Projected) | 14,500+ |
How Haldiram Earns Money Revenue Sources Breakdown
Their business model is a wide one, as you may think that they simply sell packets of ₹10 chips.
- Packaged Snacks (The Cash Cow): this is their largest grosser. It features Namkeens (Bhujia, Moong Dal), Chips and extruded snacks (such as Taki Tak).
- Sweets (Mithai): It includes packed Rasgulla, Gulab Jamun, and Soan Papdi. Their brand is the one that is used as a present at the festivals.
- Restaurants (QSR): Haldiram has hundreds of restaurant branches. These are not only sweet shops, it is a full-service restaurant serving Chole Bhature, Thalis, Dosas, and Chaat.
- Frozen Foods: They also export Indian diaspora oriented frozen parathas, samosas, and curries to places such as the USA and the UK.
- Catering & Company Gifting: A major portion of the revenue includes bulk orders in the wedding seasons and company Diwali Gifts.
Haldiram CEO — Leadership & Management Team
Historically, the family members have been doing everything independently. They began employing professional leaders in order to become a global company.
Mr. Krishan Kumar Chutani has been appointed as the CEO of Haldiram Snacks Pvt. Ltd. He is a veteran in the industry who used to serve in Dabur, which produces Dabur Honey and Chyawanprash.
His appointment indicated a tremendous shift: Hadiram is shifting his business to a family-run to a corporate FMCG format. The Chairmanship and ultimate decision making continue to be in possession of its family (Manohar Lal Agarwal and others), but day to day labour is now becoming professional.
Is Haldiram in Profit or Loss?
Haldiram net worth is surely making a profit. Hadiram is also not a typical start-up (such as Zomato or Swiggy), which spends huge sums of money to expand, instead, they only sell a product when they can make money on it.
- Profitability: The company records healthy profits all the time. The combined entities earned approximately ₹600-1000 Crore in FY 23 alone.
- Margins: With the snack market being competitive, they operate at small margins as it sells millions of packets per day, which translates to tremendous profits.
What Is the Value of Haldiram?
We consider two things when we refer to value and they are Brand Value and Market Share.
Brand Valuation
Hadiram brand is billionaires due to Trust. In India, when you purchase an unopened Haldiram pack you are fully aware of its flavour. This value added price allows them to charge somewhat higher than disorganized local stores.
Snacks, Sweets, and Packaged Food Industry Market Share.
- Snacks: Haldiram has nearly 21 percent of the structured market of salty snacks in India.
- Domination: on the one hand, in the category of Traditional Snacks ( Bhujia, Sev, Mixtures ), they are obviously leaders, and they control more than 60% of the market in most North Indian states.
Their largest competitors are PepsiCo (Lays), Balaji Wafers (Gujarat) and Bikaji.
Is Haldiram Bigger Than McDonald’s? (Comparison)
It is a highly asked question and the answer is surprising. Yes in India, Haldiram net worth is significantly larger than McDonald’s in terms of revenue.
We can consider the Indian market comparison:
Comparison Table (India-Specific)
| Brand | Estimated India Revenue |
| Haldiram | ₹13,000–14,000 Crore |
| McDonald’s India | ₹3,500–4,000 Crore |
Why is Haldiram bigger?
- Retail Power: McDonalds does not make a profit until you enter a shop or place an online order. Whenever you purchase a packet of cigars in a small kirana store, a railway station or a supermarket, Haldiram makes a profit.
- Mass Appeal: Haldiram offers goods that retail at 50rupees or 100rupees. Burger McDonald is far more expensive to enter. Hadidiram takes care of rich and poor.
Haldiram Products -Bestsellers and Business Drivers
Hadiram has more than 400 varieties of products though most of the sales are made through some major ones.
- Aloo Bhujia: The red pack is legendary. It is hot, crunchy and addictive. It is likely to be the best-selling packaged snack in India.
- Soan Papdi: This is a sweet that is fried, and it happens to be the favourite present during the Diwali festivities.
- Navratan Mixture: It is a mixture of pulses, spices, and nuts. The older generations have their usual snack of teatime.
- Gulab Jamun (Canned): By canning the Indian sweets, Haldiram can get the Indian sweets to those living overseas to savor the real desserts, and this provides a huge export market.
- Ready-to-Eat Curries: Their Minute Khana (Dal Makhani, Paneer, Rajma) also is very popular with the students and bachelors, particularly in the USA and Canada.
Conclusion
It is a legendary voyage since Haldiram started with a small pile of Bhujia in Bikaner and now boasts an empire worth 8billion dollars. What is next for them?
The company is at a crossroads. They intend to conduct an IPO (Initial Public Offerings) in the near future. In case this occurs, you and I will be able to purchase stocks in Haldiram at the stock market.
They also desire to expand rapidly in South India where they are not so powerful now and expand their locations in the USA and Europe. Regardless, it is obvious that Haldiram net worth has crossed the divide between the past and the present. It demonstrates that even a conventional Indian business, which is family-based and localized in taste, could win over the largest multinational companies.
Next time you open a pack of Aloo Bhujia, then, you have to remember that you are not consuming a snack, you are savoring a bite of a 70,000-crore Indian heritage.
FAQs
Is Haldiram an Indian business?
Yes, 100%. It was founded in 1937 in Bikaner, Rajasthan and owned by the Indian Agarwal family.
Which is wealthier, the Haldiram or Bikaji?
Haldiram is much bigger. Bikaji is also a small company founded by another member of the family (Shiv Ratan Agarwal) as compared to the Hydraulic Haldiram group which is very large.
Is Haldiram listed on stock market?
No, not yet. Hadiram is a privately owned company, which is now discussing an IPO.
Why did Haldiram split?
It became too large so it was split into the grandsons of the founder to operate the business in different regions (Delhi, Nagpur, Kolkata) more efficiently. The recent operations have seen the merger of Delhi and Nagpur.
