Manohar Lal Agarwal
$2.8B
Born
Oct 30, 1954
Age
71
Source of Wealth
Snacks
Residence
Delhi,
Citizenship
India
Marital Status
Married
Children
0
Education
- Manohar Lal Agarwal, who was running Delhi-based Haldiram Foods, merged his company with Nagpur-based Haldiram Foods International in 2023 to create Haldiram Snacks Food.
- A consortium of investors led by Singapore's Temasek, acquired a 20% stake in the merged company in 2025 at an estimated valuation of $10 billion.
- Agarwal is the grandson of founder Ganga Bishan Agarwal, who started selling snacks from a tiny shop in Bikaner in Rajasthan in 1937 and went on to create the popular Haldiram brand.
- The business was eventually divided among the patriarch's grandsons into three separate companies, operating out of Nagpur, Delhi and Kolkata.
- Haldiram Snacks has backed Venture Catalysts, an incubator, to invest in startups in packaged foods.
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