Kathmandu. Binod Chaudhary’s younger son Varun Chaudhary has been appointed as the global CEO of CG Foods Global. Chaudhary Group has given the responsibility to the family member for the post of Global CEO of CG Foods, a business group chaired by Binod Chaudhary.
Varun Chaudhary is also the Managing Director of CG Corp Global. Manvendra Amber Shukla, who took over as global CEO of CG Foods in October 2022, could not stay in the CG group for a long. He held the post of chief executive for only two and a half years. The previous CEO Gajananda Prasad Sah Kalwar (GP Sah) had headed CG Foods for almost 23 years. Saha, now leading Yasoda Foods, a manufacturer of popular noodle brand Current Noodles, is focused on expanding the market of Yasoda Foods in the overseas market.
Chaudhary will lead the transformation of CG Foods from a single-product legacy brand, Wai-Wai, to a multi-category global food company. This strategic shift is in line with CG Corp Global’s broader ambition to lead across innovation, business size, market presence and product segments.
Under the new leadership, the company aims to scale growth by the end of FY26 and achieve a turnover of $19 billion. Vinod Chaudhary had also announced that CG Foods India will be listed on the Indian securities market by 2026.
“Our goal is to transform from a single-product identity to a diversified food company that constantly innovates, adapts locally and scales globally. We want to be bigger. To achieve this vision, we will continue to launch new products, innovating CG’s portfolio and exploring relationships with retail partners,” said newly appointed CEO Varun Chaudhary.
Under his leadership, CG Foods said it would prioritize R&D, product development, and market expansion, focusing on modern retail channels such as e-commerce, fast-commerce, and strategic retail alliances. The company will leverage existing partnerships with supermarkets, targeting a 3-4 fold increase in these areas to increase market access.
Chaudhury’s immediate focus also includes human resource restructuring, operational optimization, and strategic acquisitions, including a possible expansion into Eastern Europe.
