One of the most interesting and exciting news in the Indian business world is the potential deal between Tata and Haldiram’s, the iconic snack maker
Tata sets sights on Haldiram, may encounter valuation hurdle; Ankur Bisen of Technopak offers his take
One of the most interesting and exciting news in the Indian business world is the potential deal between Tata and Haldiram’s, the iconic snack maker. According to Reuters, Tata is seeking to acquire a controlling stake in Haldiram’s, which is valued at $10 billion by its owners. This deal, if successful, would create a formidable food giant in India, with a presence in both traditional and modern segments.
However, the deal is not without its challenges and complexities. Haldiram’s is a family-owned business, with multiple branches and entities across India. The company has a strong brand identity and loyal customer base, which may not be easy to integrate with Tata’s corporate culture and vision. Moreover, the deal may face regulatory hurdles and competition from other players in the market.
Delving on the implications and prospects of this deal, Ankur Bisen, Senior partner & head, retail, consumer products and food at Technopak Advisors, a leading management consulting firm in India. affirms: “If you want to suddenly grow big in size, no one better to provide access than Haldiram’s. No other brand attacks packaged food, and food services, with equal panache,” said Ankur Bisen.
Read more at: Exclusive: India’s Tata seeks control of Haldiram’s, snack maker wants $10 bln valuation | Reuters
