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Issue Date:19 June 2018     Price in Rs. R 6500    Price in USD. $ 100

Haldiram Bhujiawala Ltd (HBL) is the Kolkata arm of the Agarwal family associated with the Haldiram business. Like other Haldiram companies, HBL is a manufacturer and retailer of traditional Indian snacks and sweets.


The business was started by Ganga Bishan Agarwal in 1937 in Bikaner, Rajasthan. He left most of his business to a son Mool Chand, except one state – West Bengal. This was taken by another son Rameshwar Lal. HBL is the business developed by the Rameshwar Lal line of the family. In 2013, they lost a trademark case for the brand name ‘Haldiram Bhujiawala’ with the Delhi based Mool Chand line of the family. Since then, HBL seems to be using the brands like ‘Prabhuji’s – House of Haldiram’ and Haldiram’s Prabhuji. This name comes from Prabhu Shankar Agarwal, elder son of Rameshwar Lal. This branch of the family also got into legal trouble around a murder case, resulting in Prabhu Shankar facing a long jail sentence.


HBL was incorporated in 1993. It has 3 directors – Anoop Singhal, Rajesh Singhal and Narayan Agrawal. It has 5 directors: Prabhu Shanker Agarwal (managing director), Manish Agarwal, Manoj Agarwal, Koyel Dutta and Nitish Chandra Das.


For the year ended Mar’16, the company reported revenue of INR 2.95B (~USD 45m) and net profit of Rs 133m (USD 2m).


Find more information in our detailed research report. 

  • Company Background
  • Business Highlights
  • Financial Performance
  • Financial Details


  • Board of Directors
  • Financial Summary
  • Profit & Loss Account
  • Balance Sheet
  • Ratios


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