Chairman and Managing Director of Bikaji Foods International Ltd Shiv Ratan Agarwal died in Chennai on Thursday morning, family sources said here. The 74-year-old complained of uneasiness and was rushed to a private hospital in Tamil Nadu's capital, where he breathed his last, the sources said. His wife had recently undergone a heart bypass surgery, and doctors had advised rest, due to which he had been staying in Chennai, they added. Agarwal, a resident of Sardulganj in Bikaner, founded the Bikaji brand in 1993. What began as a small venture grew into a major food brand, popular in India and abroad, particularly for 'Bikaneri bhujia'. Former Rajasthan chief minister Ashok Gehlot condoled his demise, saying the news of the noted industrialist's death was deeply saddening. "Through the Bikaji brand, he brought global recognition to Bikaneri bhujia. His demise is an irreparable loss. I pray for peace to the departed soul and strength to the bereaved family," Gehlot said in a post o
Following an interaction with the company's management, Motilal Oswal said Bikaji is driving growth through expansion into new categories
In Q3, Bikaji Foods reported a 122 per cent increase in consolidated net profit to ₹62.2 crore in Q3, as compared to ₹28 crore a year ago
Analysts like Bikaji Foods' dual-engine growth strategy, i.e. continue to dominate the core states, while expanding and capturing new markets in key states