On Friday, Yoga Guru Baba Ramdev announced the initial public offering (IPO) plans for four Patanjali group companies over the next five years.
These four companies are Patanjali Ayurved, Patanjali Medicine, Patanjali Lifestyle, and Patanjali Wellness.
Currently, from the brand, only Patanjali Foods is listed on the stock exchanges.
Swami Ramdev said in a press conference that Patanjali Group aims to achieve a Rs 1 lakh crore turnover for Patanjali Group in five years. While on the other hand the company also plans to create 5 lakh direct employment for nation-building.
“Patanjali Ayurved is well-established and most ideal from the perspective of an IPO in terms of profitability, product portfolio, customer base, reach, and future projections. These factors make it most favourable for an IPO and it could be the first one to get listed.” Baba Ramdev added.
The Patanjali Group has invested around Rs 500 to Rs 1,000 crore in its research & development and to modernize 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.
Patanjali Ayurved Limited was established in 2006 with the thought of rural and urban development. The company is not merely an organization but a thought of creating a healthy society through Yog and Ayurved.
The company values its consumers and believes by providing quality products a quality life for them can be created. This is its primary apprehension and thus, they try to take every measure to ensure quality like the Unique ID system to stop fake products. The company recognizes farmers as its main assets.
In June 2022, Ruchi Soya Industries’ name was changed to Patanjali Foods, after the company acquired parent Patanjali Ayurved’s food business for Rs 690 crore.