Balaji Wafers scales up production plans

SNACKS MAKER NEARS STAKE SALE TO GENERAL ATLANTIC

- KRISHNA BAROT

BALAJI WAFERS, THE Rajkot-based snacks manufacturer, is betting big on India’s packaged snacks market with plans to expand manufacturing capacity, diversify its product portfolio, and widen geographic reach.The company is pursuing these growth initiatives even as it nears a stake sale with global equity firm General Atlantic, Founder and Managing Director Chandu Virani said.

Speaking to FE, Virani said: “The deal is almost sealed as we are waiting for General Atlantic to review the final terms. We expect it to be completed within a month or so.”