Shiv Ratan Agarwal’s journey from modest beginnings to becoming a billionaire businessman is a testament to his entrepreneurial vision and determination.
Shiv Ratan Agarwal, a prominent name in the Indian food industry, is the founder and executive chairman of Bikaji Foods International, a leading producer of Indian snacks and sweets. Despite studying only till Class 8, the 73-year-old has established a Rs 19,621-crore market cap company, with a real-time net worth of Rs 15,279 crore, according to Forbes.
Bikaji Foods Foundation
Bikaji Foods, based in Bikaner, Rajasthan, is renowned for its iconic bhujia, namkeen, packaged sweets, papad, and other snacks. Shiv Ratan Agarwal started his entrepreneurial journey in 1986 by founding Shivdeep Products, named after himself and his son Deepak. In 1993, he rebranded the business as Bikaji, inspired by Bika Rao, the founder of Bikaner city.
Shiv Ratan Agarwal Business
Shiv Ratan hails from a family with deep roots in the snack industry. His grandfather, Gangabishan Agarwal, was the founder of the legendary Haldiram brand, another giant in the Indian snacks segment. Drawing on this legacy, Shiv Ratan carved out his own niche in the ethnic snacks and sweets market, building a formidable brand that competes with global giants like PepsiCo.
Bikaji Foods Growth and Success
Under his leadership, Bikaji Foods has achieved significant milestones. The company’s innovative marketing strategy includes Bollywood superstar Amitabh Bachchan as its brand ambassador, further cementing its place in the hearts of Indian consumers. In November 2022, Bikaji Foods made a strong debut in the stock market, listing at an 8% premium to its IPO price.
Beyond Bikaji
Apart from Bikaji Foods, Shiv Ratan Agarwal holds directorships in other ventures, including Basant Vihar Hotels Private Limited, Mastkin Foods Private Limited, and Beechhwal Eco-Friendly Foundation. His 31 years of expertise in ethnic snacks and sweets continue to drive the company’s growth and ensure its long-term success.
Today, Bikaji Foods International stands as a symbol of India’s rich culinary heritage, blending tradition with modernity.