Bikaji Foods International has announced several strategic decisions, including investments in subsidiaries and a new joint venture. The board approved an additional investment of ₹50 Crore in Bikaji Foods Retail Limited. Additionally, a joint venture was approved to enter the frozen and bakery business. Loan agreements were also greenlit for Petunt Food Processors (up to ₹5 Crore) and Dadiji Snacks (up to ₹8 Crore). Furthermore, an investment of up to ₹25 Crore in Jai Barbareek Dev Snacks has also been approved.
Investment in Bikaji Foods Retail Limited
An additional investment of up to ₹50 Crore has been approved for Bikaji Foods Retail Limited, a wholly-owned subsidiary. This investment will be made through additional share capital subscription.
Joint Venture for Frozen and Bakery Business
Bikaji Foods International is entering into a joint venture to expand into the frozen and bakery segment in India. The venture will synergize the expertise of Bikaji Foods International, Mr. Deepak Agarwal, and Mr. Thayekunni Khaleel (Founder of Brand ‘Bakemart’). This joint venture will operate under Bikaji Bakes Private Limited.
Loan Agreement with Petunt Food Processors Private Limited
A loan agreement has been approved with Petunt Food Processors Private Limited, a subsidiary of the company, for up to ₹5 Crore. The loan aims to support the subsidiary’s financial requirements.
Loan Agreement with Dadiji Snacks Private Limited
A loan agreement has been approved with Dadiji Snacks Private Limited, a contract manufacturing unit of the company, for up to ₹8 Crore.
Investment in Jai Barbareek Dev Snacks Private Limited
An investment of up to ₹25 Crore has been approved in Jai Barbareek Dev Snacks Private Limited. This investment will be in the form of ₹2.5 Crore Optionally Convertible Debentures.
Details on Bikaji Foods Retail Limited (BFRL)
BFRL was incorporated on September 20, 2024, as a wholly-owned subsidiary of Bikaji Foods International. As of March 31, 2025, BFRL’s turnover was ₹1,671.05 Thousands.
Joint Venture Details
The joint venture will be 70% owned by Bikaji Foods International, and 30% by Mr. Khaleel. The JV intends to manufacture and trade bakery products such as croissants, breads, and pastries.
Details on Petunt Food Processors Private Limited
A loan of ₹5 Crore is to be granted, bearing an interest rate of 8% per annum. The loan will be for a maximum period of 60 months, and given in tranches. As of January 27, 2026, the amount of loans outstanding to this subsidiary is ₹15,11,00,000.
Details on Dadiji Snacks Private Limited
A loan of ₹8 Crore is to be granted, bearing an interest rate of 8% per annum. The loan will be for a maximum period of 60 months, and given in tranches. As of January 27, 2026, the amount of loans outstanding to this contract manufacturer is ₹12,19,46,005.
Details on Jai Barbareek Dev Snacks Private Limited
An investment of ₹25 Crore via optionally convertible debentures. JBDSPL is engaged in manufacturing and selling snacks, with a turnover of ₹19.81 Crore as of March 31, 2025. Incorporated on May 20, 2022.
Source: BSE
