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Chaudhary takes charge as global CEO for CG Foods, targets Rs 1200 crore for Fy 25-26
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Monday, 05 May, 2025, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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CG Foods, a FMCG giant and a part of CG Corp Global, a multinational conglomerate, has announced the appointment of Varun Chaudhary as the Global CEO of CG Foods. He also serves as managing director of CG Corp Global, will lead the transformation of the company from a single-product legacy brand, Wai Wai, into a multi-category global food company. This strategic shift aligns with its broader ambition to lead in innovation, scale, market presence, and product categories. Under the new leadership, the company aims to scale growth and target Rs 1,200 crore revenue by FY25-end.
The company is expanding its offerings across key food verticals such as snacks, sauces, pastas, and seasonings to become a future-ready food company. Chaudhary said, “Our goal is to transition from a single-product identity to a diversified food company that innovates continuously, adapts locally, and scales globally. At present, CG Foods offers 200-250 SKUs, but we want to go bigger. To achieve this vision, we will launch new products continuously while innovating CG’s existing portfolio and exploring tie-ups with retail partners.”
Under Chaudhary’s leadership, it will prioritise R&D, product development, and market expansion, with a focus on modern retail channels such as e-commerce, Q-commerce, and strategic retail alliances. The company will leverage existing partnerships with supermarkets while targeting 3–4x growth in these segments to amplify market reach. Currently it operates 13 manufacturing plants across seven locations, with a monthly manufacturing capacity of up to Rs 100 crore. With this infrastructure, the company aims to achieve its FY25 revenue target and deepen market penetration in East and Northeast India, regions contributing up to 50-60% of revenue.
Chaudhary’s appointment signals a new chapter for the company—one that honours its legacy while embracing innovation. His immediate focus includes HR restructuring, operational optimisation, and strategic acquisitions, including a potential expansion into Eastern Europe. “This is more than a business transformation—it’s a cultural evolution. As a global FMCG leader, we recognise that our future will be shaped not only by innovation and expansion, but by empowering our people, refining our products, and deepening our partnerships. Together, we’re laying the foundation for the next decade,” concluded Chaudhary.
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