Bikaji Foods International’s wholly owned subsidiary -- Bikaji Foods Retail (BFRL) has completed the first tranche for acquisition of 40.40% of total issued and paid-up equity share capital in Hazelnut Factory Food Products (THF) as of October 26, 2024. Subsequent to the completion of the first tranche, THF has become an Associate Company of BFRL with effect from October 26, 2024.

This acquisition will enable Bikaji to expand its product portfolio into the premium bakery and patisserie segment, while also incorporating various café offerings to meet evolving consumer preferences. The acquisition of The Hazelnut Factory will enhance Bikaji’s ‘House of Brands’ by providing cross-selling opportunities, flexible menu offerings, a diverse customer base, a diversified brand portfolio, shared facilities and resources, and increased market presence. 

Bikaji Foods International is the largest manufacturer of Bikaneri bhujia, packaged rasgulla, soan papdi and gulab jamun.