September 24, 2017 8:52 PM ET

Food Products

Company Overview of Haldiram Foods International Pvt. Ltd

Company Overview

Haldiram Foods International Pvt. Ltd. produces and supplies ready-to-eat snacks, savories, and sweets. It offers namkeens, papads, banana chips, and drinks. The company also provides frozen foods, which include curries, parathas, rice, snacks, and sweets. It offers its products through its outlets and showrooms in India and internationally. Haldiram Foods International Pvt. Ltd. was founded in 1937 and is based in Nagpur, India with branch offices in Mumbai, Bengaluru, and Chennai, India. It has operations worldwide.

Haldiram House

Old Pardi Naka

Bhandara Road

Nagpur,  440 008

India

Founded in 1937

Phone:

91 92 0910 9999

Fax:

91 71 2268 0218

Key Executives for Haldiram Foods International Pvt. Ltd

Founder and Chairman
Whole-Time Director
Compensation as of Fiscal Year 2017.

Haldiram Foods International Pvt. Ltd Key Developments

Haldiram Reportedly In Talks With PEs To Sell Stake May Raise $200 Million

Haldiram Foods International Pvt. Ltd has held initial talks with top-tier private equity funds for a possible $200 million, or INR 13 billion, financing round, people close to the development said. Capital International, Inc., General Atlantic LLC, TA Associates Management, L.P., Everstone Capital Management and WestBridge Capital Partners LLC are among those who have made overtures to pick up a minority stake in the business, combining Nagpur and Delhi branches of the company. The deal, if and when it goes through, is likely to value the snack manufacturer at around $1 billion, or INR 67 billion, sources said. The transaction is likely to have a large secondary component wherein existing and new investors will exchange shares for capital, but money won't come into the company. TOI could not reach the promoters of Haldiram's but DK Surana, an investment banker who has represented the company in the past, said a deal like this was not in the making as the business is cash-rich and profitable. The structuring of a potential deal was still to be worked out with investors preferring to plough funds into a combined entity. The capital infusion could be a mix of fresh equity allotment and a secondary share purchase. Most PE funds declined to comment or did not respond to queries. Capital International could not be reached immediately.

Haldiram Reportedly In Talks For Financing Round

Haldiram Foods International Pvt. Ltd. has held initial discussions with top-tier private equity funds for a possible $200 million financing round, people close to the development said. Capital International, Inc., Everstone Capital Management, General Atlantic LLC, WestBridge Capital Partners LLC and TA Associates Management, L.P. are among the firms that may pick up a minority stake in the company. The deal is likely to value Haldiram at around $1 billion, sources said. The transaction is likely to have a large secondary component wherein existing and new investors will exchange shares for capital. One of the private equity investors said that the talks have progressed with "the field narrowing down to a few investors".

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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