The untold story of Haldiram’s: The woman whose kitchen inspired a $10 billion bhujia empire

Bikhi Bai, Haldiram’s aunt, unknowingly sparked the bhujia empire by making it as a homemade snack.

Haldiram refined the recipe, leading to the brand’s first shop in 1937 and eventual global success.

Haldiram’s now dominates India’s snack market with products sold in 80+ countries.

Temasek is acquiring a 10% stake for $1 billion, with an IPO possible in 2025.