In condensed matter physics, some of the most unusual behaviors appear only when many quantum particles interact as a group. A single quantum spin on its own behaves in relatively simple ways, but when spins influence each other across a…
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Balaji Wafers Announces Strategic Investment from General Atlantic
Gujarat, 22 January 2026 – Balaji Wafers, one of India’s largest snack food brands, today announced that it has entered into a definitive agreement to receive a strategic investment from General Atlantic, a leading global investor. Financial terms of the transaction were not disclosed.
Founded in 1981 by the Virani family, Balaji Wafers has grown from a home-based enterprise into one of India’s largest packaged snack brands. The Company has built its brand on the promise of consistent high-quality, taste and availability, which is supported by its continuous investment in automation, supply chain, innovation, as well as its people and channel partners. Balaji Wafers offers a diverse portfolio across Namkeen, Western snacks, potato wafers, noodles, chikki, papad, and confectionery, all of which have been well received by consumers. Over the years, the Company has successfully scaled its operations from its home base in Gujarat to become a leading player across multiple states in India. In addition to its strong domestic presence, Balaji Wafers exports its products to around 25 countries worldwide.
With General Atlantic’s investment, Balaji Wafers will focus on further strengthening key corporate functions across the Company and accelerating innovation. Drawing on General Atlantic’s global expertise in the food and consumer sectors, the Company plans to accelerate its expansion across India.
Chandubhai Virani, Founder & Chairman at Balaji Wafers, said: “This partnership marks an important milestone in our journey. General Atlantic’s deep understanding of consumer businesses, track record of working with founder families and long-term approach to value creation, align well with our vision for Balaji Wafers.” Keyur Virani, Whole-time Director, added: “General Atlantic’s investment will support our efforts to establish and operate world-class facilities, invest in innovation and build a professional team to help drive the next phase of growth for the Company. We are excited to extend our footprint across India while staying true to the quality and taste that our consumers trust.”
Shantanu Rastogi, Managing Director and Head of India at General Atlantic, said: “Balaji Wafers is a true Indian success story. The Company has modernised its production capabilities while preserving the flavour and quality that its consumers have grown to love. We see significant growth potential in India’s packaged snacks market as households increasingly seek affordable, convenient and high-quality food products. Balaji Wafers is well positioned to capitalise on this opportunity, and we look forward to partnering with Chandubhai, Keyur and the entire Balaji team as the Company enters its next phase of growth.”
Intensive Fiscal Services Pvt. Ltd. acted as the exclusive advisor to Balaji Wafers. Under the leadership of Mr. D.K. Surana, Intensive Fiscal Services is a leading investment bank in the consumer sector.
The transaction is subject to customary regulatory approvals and is expected to close later in 2026.
About Balaji Wafers
Balaji Wafers is one of India’s largest snack food brands. Headquartered in Gujarat, the company is known for its wide portfolio of high-quality and affordable snack products. Supported by advanced manufacturing facilities, Balaji Wafers has established a robust and expansive retail footprint across multiple regions of India.
About General Atlantic
General Atlantic is a leading global investor with more than four and a half decades of experience providing capital and strategic support for over 830 companies throughout its history. Established in 1980, General Atlantic continues to be a dedicated partner to visionary founders and investors seeking to build dynamic businesses and create long term value. Guided by the conviction that entrepreneurs can be incredible agents of transformational change, the firm combines a collaborative global approach, sector specific expertise, a long-term investment horizon, and a deep understanding of growth drivers to partner with and scale innovative businesses around the world. The firm leverages its patient capital, operational expertise, and global platform to support a diversified investment platform spanning Growth Equity, Credit, Climate, and Sustainable Infrastructure strategies. General Atlantic manages approximately $118 billion in assets under management, inclusive of all strategies, as of September 30, 2025, with more than 900 professionals in 20 countries across five regions. For more information on General Atlantic, please visit: www.generalatlantic.com.
Media Contacts
Balaji Wafers
Jay Sachdev
[email protected]General Atlantic
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Australian shares shoot up after Trump walks back tariff threat | Australian economy
Australian shares shot higher on Thursday to recoup part of their recent losses, after Donald Trump dropped a tariff threat used against European allies amid his pressure campaign to gain control of Greenland.
The de-escalation fuelled a rally in global sharemarkets that flowed into Australia, sending the benchmark S&P/ASX 200 briefly above the 8,860 point mark, before a slight easing.
The US president’s retreat once again rewarded dip buyers, who have ridden the “Trump Always Chickens Out” – or TACO – trade strategy that relies on the American leader backing down from tariff threats after declaring victory.
Trump has said he has a “framework of a future deal” on Greenland, without elaborating.
But, in an interview with Sky News on Wednesday, a member of Denmark’s parliament, Sascha Faxe, has suggested that the deal Donald Trump claims to have struck with Nato over Greenland is “not real”.
“The thing is, there can’t be a deal without having Greenland as part of the negotiations, first of all,” Faxe said.
Veteran financial markets commentator Michael McCarthy said while risk was “building up in the market, all the arrows are pointing up” after the latest easing of geopolitical tension.“We’ve seen a number of things that in the past could have triggered a very significant correction in the equity market but investors have just shrugged it off,” said McCarthy, from online trading platform Moomoo.
McCarthy cites an outbreak of inflation, serious increase in geopolitical tensions, and risk of a sell off in US bonds as potential triggers for a sustained global equity correction.
A US bond sell off would signal investors have lost faith in US political and economic policies, with reverberations for global markets.
Chris Weston, the head of research at Melbourne-based financial firm Pepperstone, said investors will want to know more about Trump’s framework deal over Greenland’s future before completely discounting further risk in Europe.
“That said, it may not be entirely straightforward – many will want to see the devil in the detail of the deal and the finer details of any agreement, what is truly at stake, and how the deal is articulated from the European side,” Weston said.
Australia’s mineral-tinged share market has been helped by robust commodity prices, with iron ore demand proving resilient and gold and copper trading near record highs.
At the same time, sticky inflation and the growing prospect of a near-term interest rate hike has limited stock market gains.
The ASX momentum paused on Thursday after the release of an Australian jobs report that showed a surge in employment, fuelling the odds of a rate rise as early as next month.
Rising rates are generally bad for stocks, given borrowing costs increase and rival investments like bonds become more attractive.
Australia’s benchmark index was up about 0.6% in afternoon trading on Thursday, representing about $17bn in market value and recouping about half of its losses suffered over the past week.
The Australian dollar has hit a 15-month high against its US equivalent, trading near the US68c mark.
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