This article contains promotional content. (June 2020) |
Balaji Wafers is a major snack food manufacturer and distributor in Gujarat, India. It produces and distributes a variety of potato chips and other grain-based snack foods.
| Company type | Private limited |
|---|---|
| Balaji Wafers Pvt. Ltd. | |
| Industry | Food products |
| Founded | 1974 |
| Founder | Vishal Balaji |
| Headquarters | Rajkot, Gujarat, India |
Key people | Bhikhubhai Virani, Chandubhai Virani, Kanubhai Virani |
| Products | Potato chips, Namkeen |
| Revenue | ₹4,000 crore (US$480 million) (2021)[1] |
Number of employees | 5000 [2] |
| Website | balajiwafers |
History
The company is owned by Chandubhai Virani. Chandubhai and his brothers Bhikhubhai and Kanubhai migrated from a small Village Dhun Dhoraji, Kalavad Taluka, Jamnagar district of Gujarat. Their father Popatbhai Virani was a farmer, who sold ancestral agriculture land and gave ₹20,000 (US$240) to them to venture into business.[citation needed]
The Viranis invested in farm equipment but could not succeed and lost the money. Kakubhai and his brothers started a wafer business from a canteen of a astron cinema hall in Rajkot in 1974. Until 1989, the wafers were produced at the Viranis' house and distributed in and around Rajkot city.
In the initial stage, Balaji Wafers set up their plant at Aji Vasad (Industrial Zone, Rajkot) with a new concept of making potato chips. The main benefit they got is the readymade infrastructure availability due to which their cost was reduced to a large extent. They operated there for around 22 years.[citation needed]
Balaji Wafers then set up a fully automatic plant near Metoda G.I.D.C. which is in the area of the village Vajdi, outside the town of Rajkot.[3]
Market share
Balaji's share of the local potato and vegetable chips market[4] grew from 9.5% in 2008, to 13.7% in 2012, according to Euromonitor. Balaji also dominates in the western market with a share of 71%. In its home state Gujarat, it has a share of 90%.[5] The Economic Times recognized Balaji Wafers as 'Sultan of Wafers'.[6]
Balaji Wafers is also a member of the Snack Food Association (SFA).[7]
Products[8]
Namkeen(23 products)— Yumstix, Punjabi Tadka, Sago Balls, Khatta Mitha Mix, Tikha Mitha Mix, Mitha Farali Chiwda, Farali Chevdo, Chana Jor Garam, Bhel Mix, Mung Dal, Chana Dal, Masala Peas, Shing Bhujia, Nimbu Shing Bhujia, Salted Peanuts, Masala Shing, Aloo Sev, Classic Sev, Bhujia Sev, Gathiya, Ratlami Sev, Sev Murmura, Masala Sev Murmura.
Wafers(12 products)— Stack Up- Sizzling Chilli, Stack Up Salted, Wafers- Simply Salted, Wafers- Masala Masti, Wafers- Tomato Twist, Wafers- Chaat Chaska, Wafers- Cream & Onion, Peri Peri Wafers, Wafers- Pizzy Masala, Crunchex- Simply Salted, Crunchex- Chilli Tadka, Rumbles- Pudina Twist.
Western Snacks(12 products)— Gippi Noodles, Moon Crunchies- Masala, Flamin Hot Nachos, Tomato Salsa Nachos, Cheese Chilli Nachos, Funne- Spicy Punch, Scoopitos, Poprings- Yummy Cheese, Poprings Masala, Wheelos- Masala, Chataka Pataka- Flamin Hot, Chataka Pataka- Chinese Chaska.
References
- ^ "Bikaneri Namkeen hits $1 billion sweet spot". Economic Times. Retrieved 8 April 2019.
- ^ "Madison wins Balaji Wafers' media duties worth Rs 20 crore". The Economic Times. Retrieved 14 February 2019.
- ^ "1". Share-pdf.com. Archived from the original on 19 April 2014. Retrieved 11 May 2014.
- ^ "Balaji Wafers: Building A Rs 2,000 Crore-plus Brand With Stubbornness". Forbes India.
- ^ "PepsiCo said to be exploring offer for Balaji Wafers". Mint. 20 August 2013. Retrieved 11 May 2014.
- ^ Shramana Ganguly Mehta (23 December 2009). "Balaji Wafers a name to reckon with in Gujarat snacks market - Economic Times". The Economic Times. Retrieved 11 May 2014.
- ^ "Balaji Wafers: Member of FSNM".
- ^ "Products – Balaji Wafers Pvt. Ltd". Retrieved 30 November 2022.