India’s competition regulator has approved L Catterton India Fund’s proposed investment in Haldiram Snacks Food Private Limited, clearing a key regulatory hurdle for the global private equity firm’s entry into one of the country’s largest packaged food businesses. The Competition Commission of India confirmed that the transaction involves the purchase of a minority shareholding on a fully diluted basis in Haldiram Snacks Food.
L Catterton India Fund operates under the L Catterton India Trust, a Sebi registered alternative investment fund that backs consumer and lifestyle companies in the domestic market. The clearance allows the firm to move ahead with its strategic partnership with Haldiram, which was announced in December 2025.
Haldiram Snacks Food is the unified entity formed in April 2025 after the merger of the Delhi based Haldiram Snacks and Nagpur based Haldiram Foods International. The company has built a wide footprint across packaged savouries, traditional sweets, ready to eat meals, dairy products, bakery items, chocolates and non carbonated beverages. Its distribution spans general trade, modern retail and growing online channels, giving the brand a national presence.
Over the past year, Haldiram has brought in multiple long term investors as part of its capital strategy. In 2025, the company sold stakes to Temasek, Alpha Wave Global and International Holding Company, signalling strong interest from global funds in India’s branded foods space. L Catterton’s entry adds another marquee name to that list.
In India, L Catterton is led by Sanjiv Mehta, former CEO and Managing Director of Hindustan Unilever, and has a track record of building consumer brands in food and beverages across markets. The firm is expected to support Haldiram’s next phase of growth, including portfolio expansion, stronger distribution and brand development.
Regulatory approval was required as the transaction crossed the thresholds set under competition law. With the clearance in place, the partnership brings fresh capital and operating expertise into a homegrown brand that continues to scale beyond snacks into a broader packaged food platform.
