Shri Shiv Ratan Agarwal, the visionary founder, Chairman, and Managing Director of Bikaji Foods International, passed away at the age of 74 on Thursday, April 23, 2026 ..
He passed away in Chennai, Tamil Nadu , The cause of death was a sudden heart attack after he complained of uneasiness around 7:30 AM , Agarwal was in Chennai to support his wife, who had recently undergone heart bypass surgery and was advised to rest…
Legacy and Achievements of Shiv Ratan Agarwal
Shiv Ratan Agarwal was a pioneer in the Indian snacks industry, credited with modernizing a traditional cottage industry into a global powerhouse.
- He was the grandson of Gangabishan Agarwal, the founder of the iconic Haldiram’s brand
- In 1986, he branched out independently to start Shivdeep Products, which he rebranded as Bikaji in 1993 , it was named after Rao Bika, the founder of Bikaner..
- He was the first to introduce large scale mechanized production for Bikaneri bhujia, traveling internationally to find machinery that could mass-produce the snack without losing its artisanal texture ..
- Under his leadership, Bikaji became India’s third-largest ethnic snacks company and the world’s largest manufacturer of Bikaneri bhujia, producing over 35,000 tonnes annually..
- He led the company through its successful IPO in November 2022, and at the time of his passing, his net worth was estimated at over ₹9,200 crore
Governance and Succession
Bikaji Foods informed the stock exchanges of the “irreparable loss,” noting that the board and management would continue to uphold his vision..
- His son, Deepak Agarwal, currently serves as the Managing Director and has been central to the company’s recent digital and geographic growth..
- Analysts expect a smooth transition as the company is already professionally managed with six manufacturing facilities across India
- Former Rajasthan CM Ashok Gehlot and other leaders expressed deep condolences, calling his passing a significant loss to the industry…
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