Noodles brand Wai Wai will expand in the country, the company may be listed in the market.

CG Corp, the company of Nepal’s only billionaire Binod Chaudhary, is working on a strategy to take advantage of the ongoing boom in the IPO market in India and is considering listing to raise funds for its Indian unit. According to the plan, the company is considering raising funds before listing in the beginning of 2025 and getting listed in the market in the first quarter of 2026. The company is associated with different sectors and produces the famous noodles brand Wai Wai.

Speaking to Bloomberg, Binod Chaudhary, chairman of parent group CG Corp, said that the Kathmandu-based group will use the funds raised before the IPO to expand operations and is expected to list the company’s Indian unit in the market in 2026. However, he did not give any further information about the fund raising plan. Wai Wai has a 28 percent share in India’s instant noodles market and the company’s annual income is more than Rs 8 billion i.e. about $95 million. The company competes with Nestle’s Maggi and ITC’s Yeppi brand. He also said that the group is planning to expand its business in Central and Eastern Europe and is looking for food and beverages firms in the region. Along with this, the company is also working on expanding its presence in Sri Lanka.

Earlier, Bloomberg had informed in a report that CG Foods India is focusing on launching new products and acquiring small companies to achieve the target of 15 percent growth in annual income before listing. Choudhary has expanded his business with the help of selling noodles and now the group has expanded from hospitality to infra sector. Speaking to Bloomberg, the chairman said that he is very positive about the partnership with the Indian Hotels Company firm.