Patanjali Investing 1,150 Crore Rupees-Aims to Double Their Profit

BENGALURU: According to the study of Economic Times, the FMCG venture, Patanjali Ayurved, promoted by yoga guru Ramdev recently proclaimed that it will invest over 1,150 crore rupees in the end of current fiscal to launch six processing units and one research and development (R&D) unit as it goes after  a turnover of 10,000 crore this year.

Ramdev says that the company will invest around Rs 1,000 crore for setting up 5 to 6 units in various parts of India. Along with that Patanjali is also planned to invest 150 crore in R&D. The company is expecting to get a return over Rs 10,000 crore in the current fiscal. The units will be launched at Madhya Pradesh, Assam, Uttar Pradesh, Maharashtra, and Haryana.

In the process execution, Acharaya Balkrishnan, Managing Director, Patanjali Ayurved says that the company is concentration more on the drought-hit areas such as Bundelkhand region in Uttar Pradesh and Madhya Pradesh and Vidharbh in Maharashtra and supposes that atleast four of these units will become operational by the end of this financial.

During the last fiscal, the company has reported an annual turnover of 5,000 crore and looking to enter the highly competitive dairy segment this year. To accomplish the company’s goal and to attain a turnover of 10,500 crore, Ramdev adds that Patanjali will venture into new categories such as animal feed, dairy, and khadi apparels for yoga. The dairy segment consists of products such as cheese, milk, paneer and butter milk.

When the company was asked about the source of funds, Ramdev said that “Banks are more than willing to give loans to us. We have no shortage of funds to expand. We are a debt-free company."

Apart from the launching new sector, Patanjali is also planning and working towards improving and increasing its online presence and exports divisions. Ramdev lauds that Patanjali’s online sale will increase further as the company expands as it is already getting five crore internet search every month. Besides, the firm has developed four verticals such as Natural Cosmetics and Health Care, Home Care, Beverages, and Health Drink and Natural Food.

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