Shiv Ratan Agarwal, the founder and chairman of Bikaji Foods International Limited, passed away on April 23, 2026 at the age of 75. According to reports from ET Now, Agarwal's death marks the end of leadership for the snack food company he established. The passing represents a significant change in the leadership structure of the Bikaji Foods organization, with the company confirming that Agarwal will cease to be classified as a member of the Promoter / Promoter Group effective from the date of his passing.
As reported by ET Now, Bikaji Foods International Limited operates in the snack food sector and Agarwal's role as founder and chairman was instrumental in the company's establishment and growth. The company has reaffirmed its dedication to honoring Agarwal's legacy and ensuring leadership remains steadfast in upholding the values, principles, and entrepreneurial ethos he instilled. The organization is currently ensuring all necessary internal and external processes are followed to reflect this change in the company's records.
Following Agarwal's passing, the Board of Directors, management, and the entire team at Bikaji Foods have expressed their profound condolences to his family. The company has reaffirmed its commitment to honoring Agarwal's legacy and ensuring the brand continues its mission of running a profitable and responsible business. Agarwal served as the company's Chairman and Whole-Time Director, being instrumental in the inception and development of the Bikaji brand and transforming the traditional Bikaneri snacks business into a globally recognized brand.
According to ET Now, the passing of Agarwal as founder and chairman represents a significant leadership change for Bikaji Foods International Limited. The company's operations continue as the market processes this leadership transition, with the organization ensuring all necessary internal and external processes are followed to reflect this change in the company's records and maintain the entrepreneurial legacy that Agarwal established. Recent market developments show positive investor sentiment with the stock trading at ₹732 with recommendations for target prices ranging from ₹614.75 to ₹900.
