Haldiram group is not owned by Muslim, viral claims are false

Social media users are claiming that the Haldiram group is owned by a Muslim. They claim that Yogesh & Naresh, alleged grandsons of Haldiram, sold the company to a Muslim.

By Sabya Singh  Published on  16 April 2022 2:10 PM GMT
Haldiram group is not owned by Muslim, viral claims are false

Hyderabad: Social media users are claiming that the Haldiram group is owned by a Muslim.

They claim that Yogesh & Naresh, alleged grandsons of Haldiram, sold the company to a Muslim.


Click here to view.

Fact Check

The claim is false.

NewsMeter conducted a keyword search and found that Forbes article published in 2019 mentioned the success of Haldiram. It published the family tree and the territorial division of the business within the Agarwal family. The details did not feature any grandson of Haldiram named Yogesh and Naresh, as claimed in the viral post. Thus, the claim that Yogesh and Naresh, alleged grandsons of Haldiram, sold the company to a Muslim is not true.

All the Haldiram group of companies handling distinct operations like Nagpur-based Haldiram Foods International, Haldiram Snacks, and Ethnic Foods is run by the Agarwal family. The family members of Haldiram are its directors. This information is available on the Ministry of Corporate Affairs website.

https://www.mca.gov.in/mcafoportal/companyLLPMasterData.do

https://www.moneycontrol.com/news/business/companies/plan-to-bring-haldirams-ipo-in-next-2-3-years-chairman-manohar-lal-agarwal-8361131.html


None of the companies of the Haldiram group managed by sons and grandsons had a Muslim director. Details of directors of a few companies of Haldiram, handling distinct operations can be viewed below. Further, we could not find any reports of the Haldiram business unit handled by any of the siblings being sold to a Muslim. According to reports, in 2019, US-based Kellogg's showed interest in buying stakes in the Delhi and Nagpur-based business of Haldiram. However, the deal did not materialize.

Claim Review:Haldiram’s group is currently under the ownership of a Muslim; Yogesh & Naresh, grandsons of Haldiram sold the company to a Muslim.
Claimed By:Social Media Users
Claim Reviewed By:Newsmeter
Claim Source:Social Media
Claim Fact Check:False
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