Billionaire Profile
Shivratan Agarwal
Global Rank
#2233

Image: Public domain | via Wikimedia Commons

Shivratan Agarwal

CEO, Bikaji Foods International
IN
Real-Time Net Worth
$1.9B
As of December 2025
Age
74
Source
Indian snacks
Industry
food-beverage
Citizenship
IN

Biography

Shivratan Agarwal is the founder and chairman of Bikaji Foods International, a prominent Indian company specializing in ethnic snacks and sweets. His journey began in Bikaner, Rajasthan, where he was born into a family involved in the traditional snack-making business. Agarwal, who only completed education up to class 8, defied expectations by building a multi-crore brand. His net worth is estimated at $1.9 billion. Bikaji Foods has become a major player in the Indian food and beverage industry. Agarwal's career exemplifies the power of vision, determination, and innovation, as he transformed the Indian snack industry.

Wealth Over Time

In-Depth Profile

Early Life

Shivratan Agarwal was born in Bikaner, Rajasthan, into a family with deep roots in the traditional snack-making industry. His grandfather, Gangabhisan Agarwal, founded the renowned Haldiram brand. Shivratan showed an early interest in the family's trade, learning the craft of bhujia-making under his grandfather's guidance. Despite this early exposure, he chose a different path from formal education, completing only class 8 before entering the family business.

Rise to Success

In the late 1980s, Shivratan made a significant decision to establish his own brand, driven by a vision to share authentic Indian flavors with the world. In 1987, he launched his snack-making business. The business was initially named Shivdeep Products. In 1993, he rebranded it as Bikaji Foods International, drawing inspiration from the founder of Bikaner city and adding “Ji” as a mark of respect. The name reflected the city's culinary heritage and created a strong connection with consumers. Under his leadership, Bikaji has become synonymous with authentic Indian taste and quality. Bikaji Foods went public in November 2022, with its IPO price increasing upon listing.

Key Business Strategies

Shivratan Agarwal focused on quality and innovation. His company introduced biodegradable packaging to enhance the brand's appeal and align with modern sustainability practices. Agarwal introduced cutting-edge technology for producing bhujias in India. His strategic decision-making played a key role in Bikaji Foods International's success. He focused on product diversification and market expansion. Shivratan brought the latest technology to create bhujias and also succeeded in coming up with a catchy name for the company that would appeal to customers.

Philanthropy

Specific philanthropy amounts were not found, but he is involved with the Beechhwal Eco-Friendly Foundation.

Career Milestones

1986

Founded Shivdeep Products

Shivratan Agarwal founded Shivdeep Products, a snack-making business.

1993

Launched Bikaji Brand

Rebranded Shivdeep Products to Bikaji Foods International.

2022

Bikaji Foods IPO

Bikaji Foods International listed on the stock market.

Philanthropy & Social Impact

Environmental

Beechhwal Eco-Friendly Foundation

Undisclosed

Shivratan Agarwal is involved in the Beechhwal Eco-Friendly Foundation.