Balaji Wafers

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Balaji Wafers - overview

Established

1981

Location

Rajkot, Gujarat, India

Primary Industry

Food

About

Balaji Wafers Private Limited doing business as Balaji Wafers is a prominent manufacturer specializing in a variety of Indian snack products, including namkeens and flavored wafers, catering to both local and international markets with a focus on quality and taste. Founded in Rajkot, India, Balaji Wafers produces a wide range of snack foods, primarily focusing on Indian namkeens and wafers. The company operates high-tech factories to ensure product quality and consistency. Balaji Wafers specializes in manufacturing a diverse range of snack products, primarily focusing on Indian namkeens, wafers, and other savory snacks.


The company's core offerings include a variety of flavored potato wafers, traditional namkeens, noodles, and confectionery items, all designed to cater to the taste preferences of Indian consumers. These products are produced in fully automated, high-tech factories, ensuring consistent quality and taste. Balaji Wafers targets a broad customer base, including retailers, wholesalers, and direct consumers across multiple regions in India, as well as potential markets in international locations where Indian cuisine is embraced. The company aims to satisfy the cravings of snack lovers by providing both traditional and innovative snack options that resonate with local and global tastes.


Balaji Wafers achieved significant financial milestones, reporting annual sales exceeding INR 5,000 Crores (approximately USD 613. 63 mn) for the fiscal year ending in March 2023. The company operates through a structured transaction model, primarily engaging in B2B sales and direct-to-consumer sales via retail channels. Retailers stock Balaji's flagship products, such as their signature potato wafers and a wide range of namkeens, enabling consumers to purchase these snacks conveniently.


The pricing structure is designed to be competitive within the market, allowing for both bulk purchases by wholesalers and individual sales to end consumers. This effective transaction strategy, combined with a focus on quality and innovation, contributes to the company’s revenue growth and market presence.


Primary Industry

Food

Sub Industries

Snack Foods

Website

www.balajiwafers.com

Verticals

E-commerce, Manufacturing

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Balaji Wafers - timeline of key events

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Balaji Wafers - financials

Fiscal Year EndedMar 31, 2013Mar 31, 2014Mar 31, 2015Mar 31, 2016Mar 31, 2017Mar 31, 2018Mar 31, 2019Mar 31, 2020Mar 31, 2021Mar 31, 2022Mar 31, 2023Mar 31, 2024
Revenue (USD)9,135,891,53810,438,095,54112,457,456,00714,148,413,55516,131,862,00018,399,997,00019,675,892,00023,298,119,00029,386,246,000---
% Revenue Growth (YoY)-14.3%19.3%13.6%14.0%14.1%6.9%18.4%26.1%---
EBITDA (USD)1,777,656,0441,811,179,2181,531,043,2263,096,935,2132,490,530,0003,422,694,0002,740,781,0002,655,967,0001,558,616,000---
Operating Income (USD)1,481,822,2501,476,321,2871,001,912,8272,471,986,8011,791,338,0002,457,849,0001,786,605,0001,568,706,000211,853,000---
Operating Margin16.2%14.1%8.0%17.5%11.1%13.4%9.1%6.7%0.7%---
% EBITDA Margin19.5%17.4%12.3%21.9%15.4%18.6%13.9%11.4%5.3%---
NET Income (USD)1,133,610,4801,221,608,266763,117,2961,875,447,8341,458,222,0001,930,590,0001,277,482,0001,320,120,000254,248,000---
% Net Margin12.4%11.7%6.1%13.3%9.0%10.5%6.5%5.7%0.9%---

Balaji Wafers - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutAnnouncedBalaji Wafers-

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Balaji Wafers - employee data

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