Binod Chaudhary is a Nepalese billionaire with a net worth of $ 1.8 billion and the chairperson of the Chaudhary Group with several companies under its belt such as CG Electronics, CG Infra, and CG Foods.

Wai Wai noodles are one of the company's most popular products and rival to Maggi from Nestle Ltd. and Yippee from ITC Ltd. in the Indian market. 

As per reports, Chaudhary is planning to list Chaudhary Group's India unit by 2026. Manvendra Shukla, Global chief executive officer at CG Foods India Pvt. recently talked about the company's future plans in India in an interview. He said that the business “would be ready to go for a sizable listing" in the upcoming two years and start producing new products for the Indian market and acquire smaller firms and noodle-related businesses. 

Currently, the company has a 28% share in the instant noodle market and generates around 8 billion rupees ($96.2 million) in revenue annually. Shukla revealed that the discussion about listing plans is still in its initial stage and the aim is to grow its revenue by 15% in 2024. 

CG Foods India aims to sell its shares to the public for the first time through an Initial Public Offering (IPO), joining other food companies like Gopal Snacks Ltd. and Mukka Proteins Ltd., which began selling shares to the public last year. 

Due to India's economic growth, investors see India as a stable and profitable country. Hence, the boom in the food companies going public. Countries like China with big economies, are slowly seeing a decline. 

However, according to Shukla, the company is not rushing to list and is currently focused on strengthening its market share and product portfolio. It also plans to buy smaller companies to produce seasonings, dips, and ketchup. 

Also Read: Amul set to launch Fresh Milk for the first time in the US

Also Read: Apple set to construct over 78,000 homes for its factory workers in India