Bikaji Foods forms joint venture with Nepal’s Chaudhary Group

Bikaji Foods Ltd. on Thursday, July 24, announced that it is forming a strategic joint venture with Chaudhary Group (CG Foods Nepal Limited), marking a significant step in the Indian snack giant’s international expansion.

Shares of Bikaji Foods reached an intra-day high of ₹812 earlier today but are now trading flat at ₹786.50 on the BSE.

The 50:50 joint venture will focus on manufacturing, trading, and marketing Bikaji’s portfolio — including bhujia, namkeen, papad, and packaged sweets — in Nepal. Both companies will jointly invest capital in one or more tranches to build a state-of-the-art facility in Nepal.

The move comes as Nepal’s FMCG sector is witnessing robust growth, with the Investment Board Nepal pegging annual expansion at around 20%. The joint venture aims to leverage CG Group’s local expertise and Bikaji’s legacy in ethnic snacks.

Deepak Agarwal, Managing Director of Bikaji Foods, said, "With CG Group’s strong market leadership and deep local insights, we are confident in our ability to deliver high-quality, affordable products that resonate with the consumers in Nepal. Beyond commerce, this partnership seeks to create enduring value — empowering communities, fortifying supply chains, and enhancing Nepal’s food ecosystem."

Varun Chaudhary, Director of CG Foods Nepal Limited, added, " Our joint venture with Bikaji is not just about product excellence — it's about creating long-term value for Nepal from generating employment to strengthening supply chains. This partnership has the potential to accelerate Nepal’s food sector and set new benchmarks in quality and accessibility. We envision making the rich, diverse flavours of India a seamless part of daily snacking in Nepal."

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