Shiv Ratan Agarwal, the founder and chairman of Bikaji Foods International, passed away on Thursday at the age of 75. He was a pivotal figure in the ethnic snacks industry, having established the brand in 1986 as Shivdeep Products, which later became the globally recognized Bikaji in 1993. Agarwal's entrepreneurial spirit was influenced by his family's legacy, with his grandfather having founded the Haldiram snack empire. Under his leadership, Bikaji Foods expanded its market presence both in India and internationally, with a successful stock market debut in November 2022. Forbes estimated his net worth at $1.4 billion at the time of his passing. In a recent regulatory filing, the company acknowledged Agarwal's strategic vision as key to its success and sustainability. Following his death, Bikaji Foods announced a ₹40 crore investment to enhance its retail expansion, focusing on hospitality and dining sectors, which includes quick-service restaurants and catering solutions. The company aims to continue his legacy while pursuing growth and profitability.