Singapore state-run Temasek acquires 10% stake in Haldiram’s for `8,000 cr

While the Haldiram brand is operated by three separate entities based in Delhi, Nagpur, and Kolkata, the Delhi and Nagpur families merged their FMCG operations to create HSFPL. The company holds a dominant position in India’s savory snacks market, commanding nearly 13% of the $6.2 billion industry, as per Euromoniter International.

Beyond its snack business, Haldiram’s also operates a chain of restaurants in India and several international markets. Temasek and Haldiram’s have not yet officially commented on the deal. However, the investment aligns with Temasek’s broader strategy to deepen its presence in India’s consumer sector. The firm has previously invested in prominent Indian companies such as Manipal Hospitals and Devyani International, which operates KFC and Pizza Hut outlets in India. The Haldiram’s deal provides Temasek with a foothold in India’s rapidly growing snacks market, which combines traditional flavors with modern retail strategies.