Private Equity PE-VC Fund Investments
Snack food player Balaji Wafers receives investment from General Atlantic
Source Balaji Wafers (opens in a new tab)Business Line (opens in a new tab)Investor Disclosure (opens in a new tab)
Rajkot-based snack food manufacturer Balaji Wafers has raised funding from General Atlantic. Intensive Fiscal Services acted as the exclusive financial advisor to Balaji Wafers.Founded in 1981 by the Virani family, Balaji Wafers has developed from a home-based enterprise into a major packaged snack brand in India. The company's diverse portfolio includes Namkeen, Western snacks, potato wafers, noodles, chikki, papad, and confectionery.
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For FY24, Balaji Wafers had reported about INR 5,454 Cr in Operating Income and about INR 579 Cr in PAT.