Shiv Ratan Agarwal, Founder, Chairman and Whole-Time Director of Bikaji Foods International, has passed away on Thursday, April 23, the company said in a regulatory filing. The cause of death was not disclosed. Agarwal was widely regarded as the driving force behind the company’s growth from a regional snacks business into a recognised FMCG brand.

The company informed stock exchanges of his passing, noting that in line with regulatory norms, Agarwal will cease to be part of the promoter and promoter group. His death marks the end of an era for the company he helped build over decades. Legendary Singer Asha Bhosle Dies at 92 Due to Multi-Organ Failure, Confirms Son Anand Bhosle.

Shiv Ratan Agarwal: The Man Behind Bikaji’s Growth

Agarwal played a central role in shaping Bikaji Foods from its early days. The company credited him with laying the foundation of the brand and guiding its expansion beyond its roots in Bikaner’s traditional snack industry.

Under his leadership, Bikaji Foods evolved into a multi-product FMCG company with offerings spanning bhujia, namkeen, packaged sweets and ready-to-eat foods. It established a strong distribution network across India and expanded into international markets, particularly those with a significant Indian diaspora. Divyanka Sirohi Dies at 30: Who Was the Actress and Music Video Artiste?

The company said Agarwal was “pivotal in steering the company towards success and growth,” highlighting his role in building both scale and brand identity.

From Regional Brand to Public Listing

Bikaji Foods marked a significant milestone with its stock market debut in November 2022. The company’s shares listed at a premium of over 7% against the issue price of INR 300, reflecting strong investor interest.

Operating in India’s competitive packaged foods sector, Bikaji competes with both established legacy brands and newer entrants. The company’s growth has been supported by rising urban consumption and increasing demand for branded food products.

Legacy in India’s Packaged Food Sector

Agarwal’s contribution extended beyond a single company. His work demonstrated that traditional Indian snack businesses could be scaled into modern, organised enterprises without losing their regional identity.

India’s packaged food industry has seen steady expansion in recent years, driven by premiumisation and changing consumer preferences. Bikaji’s trajectory is often cited as an example of how regional food brands can achieve national and global reach.

In its filing, Bikaji Foods said it remains committed to building on the foundation laid by Agarwal. The company stated it will continue to uphold his vision and values while pursuing sustainable growth. It added that his legacy would guide its efforts to strengthen the brand and maintain its position in the market as a profitable and responsible business.

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(The above story first appeared on LatestLY on Apr 23, 2026 03:34 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).