“Currently Patanjali Group turnover is approximately 40,000 crore. In 5 to 7 years, the Group’s turnover is likely to reach 1 Lakh Crore rupees ” Baba Ramdev informed reporters.
Yog-Guru turned Business tycoon- a term he hates-Baba Ramdev- stated on Friday that Patanjali Group’s revenue is projected to increase 2.5-fold to 1 lakh crore over the next five to seven years.
He also said that the IPO of four group companies is also in the offing. Patanjali Foods (formerly Ruchi Soya) is already listed on stock exchanges and has a market capitalization of around 50,000 crores. The companies which the Patanjali group intends to bring IPO for are Patanjali Ayurveda, Patanjali Medicine, Patanjali Lifestyle, and Patanjali Wellness.
Patanjali Group had purchased Ruchi Soya for 4,300 billion through insolvency procedures. The Group then launched Ruchi Soya’s Follow-on Public Offering (FPO) and rebranded it as Patanjali Foods.
Continuing with the announcement s of his big future plans, Baba Ramdev said Patanjali Group will employ 5 lakh individuals over the next few years.
Ramdev insisted that all Patanjali Group products are of high quality and that religious, political, pharmaceutical, and MNC “mafias” are attempting to ruin its reputation. he was referring to various reports in the media over the years about compromising quality of Patanjali products. Without naming any individuals or organizations, he said, the Group has issued legal notices to more than 100 individuals and has filed FIRs.
Ramdev’s Patanjali business distributes packaged consumer goods ranging from juices to biscuits in addition to Ayurveda and over-the-counter items.
Also Read: Ruchi Soya Deals Questionable; Baba Ramdev To Now Own 80 Percent
