M anohar Lal Agarwal is the chairman of Haldiram Snacks, a giant in the Indian food industry famous for its traditional snacks and sweets. He is the grandson of Ganga Bishan Agarwal, who started the business as a small shop in Bikaner, Rajasthan, in 1937. Manohar Lal, along with his brother Madhusudan, aggressively expanded the brand's presence in northern India and overseas, modernizing production while maintaining the authentic taste that made Haldiram's a household name.
He has been a driving force behind the company's diversification into casual dining restaurants and the packaged food export market. Under his stewardship, the company has also supported the startup ecosystem through incubators like Venture Catalysts. The 2023 merger of his Delhi-based operations with his family's Nagpur arm consolidated the business into a multi-billion dollar enterprise, securing his position as one of India's wealthiest food tycoons.
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Manohar Lal Agarwal is an Indian businessman whose wealth is derived from Haldiram Snacks, a major manufacturer of savory snacks, sweets, and frozen foods. He runs the Delhi-based operation with his brother, Madhusudan Agarwal.
The family business was originally started by their grandfather in 1937, who began selling savory snacks from a tiny shop in Bikaner, Rajasthan. The business was later divided among his descendants into three separate entities.
Manohar Lal Agarwal’s career is defined by the stewardship and expansion of the Haldiram Snacks brand, one of India's most recognized consumer packaged goods companies.
In 2023, he and his brother merged their Delhi operation with their cousin's entity in Nagpur to create Haldiram Snacks Food Limited. His structural contribution is tied to maintaining the brand's national dominance, expanding its range of snacks and sweets, and positioning the consolidated entity for future growth. Haldiram Snacks has also backed Venture Catalysts, an incubator, to invest in packaged foods startups.
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Grandfather starts the business in Bikaner, Rajasthan.
The Delhi and Nagpur family arms merge to create Haldiram Snacks Food Limited.
Continues to run Haldiram Snacks with his brother.
Manohar Lal Agarwal's wealth is concentrated in his family's ownership of the major consumer packaged goods company, Haldiram Snacks Food Limited.
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+0.22% | +$10.29M
+0.6% | +$12.33M
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