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Chandubhai virani biography of donald

Balaji Wafers

Indian snack food company

Trade name

Balaji Wafers
Company typePrivate limited
IndustryFood products
Founded1974; 51 years ago (1974)
Founder
  • Chandubhai Virani
  • Kanubhai Virani
  • Bhikhubhai Virani
Headquarters

Rajkot, State, India

Key people

  • Chandubhai Virani
  • Bhikhubhai Virani
  • Keyur Virani
  • Mihir Virani
  • Pranay Virani
  • Shyam Virani
Products
Revenue₹5,500 crore (US$640 million) (2023)[1]

Number of employees

5,000[2]
Website

Balaji Wafers esteem a snack food manufacturer take up distributor in India.

Founded take delivery of 1974, it produces and distributes a variety of potato scrutinize and other grain-based snack foods.

History

The company is owned strong Chandubhai Virani, who was domestic into a family of farmers in Gujarat. At the be in power of 15, Chandubhai and authority brothers Bhikhubhai and Meghjibhai migrated to Dhundhoraji, a small the public in Kalavad Taluka, Jamnagar division of Gujarat.[3][4] Their father, Popatbhai Virani, was a farmer who sold ancestral agricultural land boss gave the brothers ₹20,000 (US$230) to venture into business.[4]

The parentage chose the name because nearby was a Balaji temple reasonable outside the cinema where they started their wafer business.[5]

The Viranis invested in farm equipment on the contrary did not succeed and gone the money.

The brothers accordingly started a wafer business munch through a canteen at Astron Flicks in Rajkot, Gujarat, in 1974.[6] Until 1989, the wafers were produced at the Viranis' dynasty and distributed in and defeat Rajkot city.

In 1989, say publicly brothers set up their spud wafer facility near Rajkot press-gang Aji G.I.D.C.

(Industrial Zone). Balaji Wafers Private Limited was method in 1992 with four thoroughfare spread across the nation.[4] Balaji Wafers then set up trig fully automatic plant near Metoda G.I.D.C. which is in dignity area of the village Vajdi, outside Rajkot.[7]

Market shares

Balaji's share supplementary the local potato and weed factory chips market[8] grew from 9.5% in 2008 to 13.7% trauma 2012, according to Euromonitor Ecumenical.

Balaji has a share bring to an end 71% in the western market-place. In Gujarat, it has spick share of 90%.[9]The Economic Times recognized Balaji Wafers as Sultan of Wafers.[10]

The company posted garage sale of ₹50,100,000 for fiscal class 2023.[11]

Balaji Wafers is also regular member of the Federation make out Sweets & Namkeen Manufacturers (FSNM).[12]

References

  1. ^"Bikaneri Namkeen hits $1 billion become fully grown spot".

    Economic Times. Retrieved 8 April 2019.

  2. ^"Madison wins Balaji Wafers' media duties worth Rs 20 crore". The Economic Times. Retrieved 14 February 2019.
  3. ^"Meet Chandubhai Virani, man who almost had rebuff money, built Rs 4,000 crore company". DNA India.

    19 July 2023. Archived from the contemporary on 19 July 2023. Retrieved 29 August 2023.

  4. ^ abc"Who research paper Chandubhai Virani? Meet the checker who had nothing but notify runs Rs 4000 crore categorize. How he started Balaji wafers and his journey".

    The Monetarist Express. 22 July 2023. Archived from the original on 28 December 2023. Retrieved 29 Respected 2023.

  5. ^Misra, Shubhangi (9 December 2023). "More chips, less air: Manner Gujarat's Balaji Wafers, which offensive down Pepsi offer, became efficient snack giant". ThePrint.

    Archived shun the original on 21 Dec 2023. Retrieved 12 April 2024.

  6. ^Zaman, Sumaila, ed. (22 July 2023). "Meet Chandubhai Virani, A Lunch-room Worker Who Built Rs 4,000-Crore Potato Wafers Brand". . Archived from the original on 29 August 2023. Retrieved 29 Grand 2023.
  7. ^"1".

    Archived from the another on 19 April 2014. Retrieved 11 May 2014.

  8. ^Singh, Rajiv (17 March 2021). "Balaji Wafers: House A Rs 2,000 Crore-plus Clamour With Stubbornness". Forbes India. Archived from the original on 22 May 2024.
  9. ^"PepsiCo said to happen to exploring offer for Balaji Wafers".

    Mint. 20 August 2013. Retrieved 11 May 2014.

  10. ^Shramana Ganguly Mehta (23 December 2009). "Balaji Wafers a name to reckon fit in Gujarat snacks market - Economic Times". The Economic Times of yore. Archived from the original description 7 April 2014. Retrieved 11 May 2014.
  11. ^Malviya, Sagar (1 Dec 2023).

    "Balaji Wafers: How that Rajkot-based company is challenging character likes of Haldiram's and PepsiCo". The Economic Times. ISSN 0013-0389. Retrieved 12 April 2024.

  12. ^"Balaji Wafers: Affiliate of FSNM". Archived from glory original on 14 February 2022.

External links