Varun Chaudhary appointed global CEO of CG Foods
Alongside the leadership change, CG Foods has set a bold revenue target of US$144 million (INR 1,200 crore) by the end of FY25
INDIA – CG Foods, the FMCG arm of multinational conglomerate CG Corp Global, has announced the appointment of Varun Chaudhary as Global CEO.
Varun, who also serves as Managing Director of CG Corp Global, takes on the leadership role with a mission to reshape the company’s future beyond its iconic single-product identity.
Under his leadership, CG Foods aims to evolve from being known for its flagship Wai Wai noodles into a diversified, multi-category global food company. This transition aligns with CG Corp Global’s broader ambition to lead in innovation, market reach, and product development across international food sectors.
“Our goal is to transition from a single-product identity to a diversified food company that innovates continuously, adapts locally, and scales globally,” said Varun Chaudhary.
“To achieve this vision, we will launch new products continuously while innovating CG’s existing portfolio and exploring tie-ups with retail partners.”
CG Foods targets US$ 144M revenue by FY25
Alongside the leadership change, CG Foods has set a bold revenue target of US$ 144 million (INR 1,200 crore) by the end of FY25. To achieve this, the company will expand across key verticals including snacks, sauces, pastas, and seasonings, aiming to become a future-ready FMCG brand.
CG Foods operates 13 manufacturing plants across seven strategic locations, with a robust monthly production capacity of 100 crore units. This strong operational backbone supports its accelerated growth roadmap, particularly in East and Northeast India, markets that currently account for 50–60% of the company’s revenue.
The company plans to invest heavily in research and development, product innovation, and modern retail channels, including e-commerce, Q-commerce, and strategic retail partnerships. These segments are expected to drive a 3–4x increase in market presence, especially through supermarket collaborations and digital retail.
Chaudhary’s strategy also includes HR restructuring, operational optimization, and potential acquisitions, with an eye on international growth, particularly in Eastern Europe.
“This is more than a business transformation, it’s a cultural evolution,” Varun added.
“As a global FMCG leader, we recognize 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.”
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