About Balaji Wafers
Balaji Wafers is a company based in Rajkot (India) founded in 1974 by Kanubhai Virani, Bhikhubhai Virani, and Chandubhai Virani. It operates as a Direct-to-Consumer (D2C), and Reseller / Distribution. The company has 1,932 employees as of December 29, 2024. Balaji Wafers offers products and services including Wafers, Namkeen, Western Snacks, Noodles, and Confectionery. Balaji Wafers operates in a competitive market with competitors including Yellow Diamond, Too Yumm, Cornitos, Avadh and KBZ FOOD, among others.
- Headquarter Rajkot, India
- Employees 1932 as on 29 Dec, 2024
- Founders Kanubhai Virani, Bhikhubhai Virani, Chandubhai Virani
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Sectors
Consumer
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Email
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Phone
*********
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Website
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Social
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- Legal Name Balaji Wafers Private Limited
- Date of Incorporation 22 Sep, 1995
- Jurisdiction Rajkot, Gujarat, India
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Annual Revenue
$648.75 M (USD)10.84as on Mar 31, 2024
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Net Profit
$67.62 M (USD)41.37as on Mar 31, 2024
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EBITDA
$99.82 M (USD)31.72as on Mar 31, 2024
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Latest Funding Round
- Investors
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Employee Count
1932
as on Dec 29, 2024
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Products & Services of Balaji Wafers
Balaji Wafers offers a comprehensive portfolio of products and services, including Wafers, Namkeen, Western Snacks, Noodles, and Confectionery. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Potato-based wafers are offered in various flavors.
Traditional Indian snacks are provided with unique tastes.
International snack varieties are made for diverse preferences.
Instant noodles are produced for quick meal options.
Sweet treats are crafted for all age groups.
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Funding Insights of Balaji Wafers
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2026 | Amount | Private Equity Round - Balaji Wafers | Valuation | General Atlantic |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Balaji Wafers
Balaji Wafers has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include General Atlantic. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Balaji Wafers
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Balaji Wafers
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Balaji Wafers Comparisons
Competitors of Balaji Wafers
Balaji Wafers operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Yellow Diamond, Too Yumm, Cornitos, Avadh and KBZ FOOD, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Manufactures and sells package snacks like chips, savouries and puffs
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| domain | founded_year | HQ Location |
Provides healthy snack options including potato chips, multigrain chips, and noodles for consumers.
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| domain | founded_year | HQ Location |
Multi-category snacks with corn-based products are provided.
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| domain | founded_year | HQ Location |
Private label namkeen and savory snacks are manufactured by Avadh.
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| domain | founded_year | HQ Location |
Manufacturer of healthy snack products, including potato chips, wafers, and other namkeen items
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Balaji Wafers
Frequently Asked Questions about Balaji Wafers
When was Balaji Wafers founded?
Balaji Wafers was founded in 1974 and raised its 1st funding round 52 years after it was founded.
Where is Balaji Wafers located?
Balaji Wafers is headquartered in Rajkot, India. It is registered at Rajkot, Gujarat, India.
How many employees does Balaji Wafers have?
As of Dec 29, 2024, the latest employee count at Balaji Wafers is 1,932.
What is the annual revenue of Balaji Wafers?
Annual revenue of Balaji Wafers is $648.75M as on Mar 31, 2024.
What does Balaji Wafers do?
Balaji Wafers is involved in the production and distribution of a wide range of snack products, including wafers, namkeen, western snacks, noodles, and confectionery. The company operates within the food and beverage sector, focusing on packaged snacks. Fully automated factories are utilized to ensure quality and innovation in their offerings. Solutions are tailored to meet diverse consumer preferences, from traditional Indian flavors to international tastes. Community support for farmers and distributors is emphasized as part of their operational ethos.
Who are the top competitors of Balaji Wafers?
Balaji Wafers's top competitors include Yellow Diamond, Cornitos and Too Yumm.
What products or services does Balaji Wafers offer?
Balaji Wafers offers Wafers, Namkeen, Western Snacks, Noodles, and Confectionery.
Who are Balaji Wafers's investors?
Balaji Wafers has 1 investor. Key investors include General Atlantic.