Patanjali aims to become country’s leading FMCG company in five years

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new Delhi . Patanjali Ayurved Group and its subsidiary Ruchi Soya have a combined annual turnover of around Rs 35,000 crore and are aiming to become India’s leading FMCG company in the next five years. Baba Ramdev said in a recent press conference that Patanjali Ayurved will merge all its food business with listed entity Ruchi Soya Industries. We aim to make Patanjali Ayurved and Ruchi Soya the largest food and FMCG company in India in the next five years. He claimed that Patanjali Ayurved is currently the second largest food and FMCG company in the country. Many companies of the Patanjali group will have an initial public offering (IPO) in the coming times, but he did not give any timeline for this. When asked about the current revenue position of the group, Baba Ramdev said, “Patanjali Group combined with Ruchi Soya has a combined business of over Rs 35,000 crore and is second in the food and FMCG sector.” The turnover of Patanjali Group in the financial year 2020-21 was around Rs 30,000 crore. The group had acquired Ruchi Soya in the year 2019 through insolvency proceedings. Denying any competition between Patanjali and Ruchi Soya, Baba Ramdev said that in the next few months, Patanjali will hand over all its food business to Ruchi Soya. After that Patanjali Ayurved will also be active in non-food, traditional medicine business. He said that Ruchi Soya will focus on Edible Oil, Edible & FMCG, Nutrition and Palm Production business.