Patanjali group to launch 4 IPOs, targets Rs 1L cr turnover in 5 yrs

Baba Ramdev on Friday announced that Patanjali Group would soon bring out the initial public offer (IPO) of shares of four subsidiary companies – Patanjali Ayurveda, Patanjali Wellness, Patanjali Medicine and Patanjali Lifestyle.

“In the next five years, we plan to increase the group’s turnover from the current Rs 40,000 crore to Rs 1 lakh crore,” said the Yoga guru at a press conference held in New Delhi.

“Our company will play a big role in making India a global economic superpower by becoming the largest FMCG company of the country. Five companies of Patanjali Group would soon be listed by floating four IPOs in the next five years. We are already working in this regard,” said Baba Ramdev, adding that its resolve is to ensure that Patanjali’s contribution is recorded in golden letters during celebration of the centenary year of independence in 2047.

Presenting the plan for consolidating the Group's position in production of edible oils under Patanjali Foods, Baba Ramdev said that the company would undertake plantations on more than 15 lakh acre in 55 districts of 11 states. Palm plantation was already underway on war-footing on 38,000 hectare in nine districts of North-Eastern states. Our aim is to make the country selfreliant in production of edible oil.

The Patanjali Group has invested around Rs 500 to Rs 1,000 crore in its research & development and to modernise its testing facilities.

"All products are tested multiple times before it comes out. We also export our products to several countries which have very high-quality standards," he added.

Ramdev asserted that the qualities of all products of Patanjali Group are good and said that efforts are being made by religious, political, medicine and MNC "mafias" to tarnish the image of its brand.