Bikaji Foods International Limited to retain 70% majority stake in Bikaji Bakes Private Limited, subsidiary of Bikaji Foods International Limited.

Bikaner, Rajasthan: Bikaji Foods International Limited (Bikaji Foods) (NSE Symbol: BIKAJI; BSE Scrip Code: 543653) today announced a strategic partnership with Mr. Thayekunni Khaleel, a world-renowned technical expert in the bakery industry, through Bikaji Bakes Private Limited (BBPL/ Bikaji Bakes).

As part of the partnership, Bikaji Foods has transferred a 30% equity stake in BBPL to Mr. Khaleel, while retaining a 70% majority stake. BBPL will continue to remain a subsidiary of Bikaji Foods.

The partnership brings together two highly complementary strengths – Mr. Khaleel’s deep technical expertise and global bakery experience with Bikaji’s strong understanding of the Indian consumer, extensive distribution and sales network, and deep presence across the retail ecosystem.

Through this collaboration, BBPL aims to bring world-class bakery practices, technical capabilities and expertise to India, while leveraging Bikaji’s established market infrastructure and consumer reach to build a scalable bakery business with strong long-term potential.

Commenting on the partnership, Mr. Deepak Agarwal, Chairman and Managing Director, Bikaji Foods International Limited, said: “Bakery is a category with significant headroom for growth in India, and we believe the next phase of that growth will be driven by a combination of world-class technical capabilities and a deep understanding of the Indian consumer. Our partnership with Mr. Thayekunni Khaleel brings together his exceptional technical expertise and global bakery experience with Bikaji’s strengths in distribution, sales, retail and consumer understanding.

We see this as a partnership built for the future. By combining these complementary capabilities, we aim to bring global bakery practices and innovation to India while building a strong, scalable and differentiated bakery business through Bikaji Bakes. We are confident that this collaboration will create meaningful opportunities for the business and strengthen our position in the evolving Indian bakery landscape.”

The partnership represents a forward-looking step in strengthening BBPL and enabling it to pursue focused growth, while allowing Bikaji Foods to continue concentrating on its core business and creating greater value across its subsidiary portfolio.