May 2016 \ Business & Investment \ BUSINESS AND GOVERNANCE
Patanjali targets Rs 10,000 crore

Patanjali Ayurved is eyeing over Rs.10,000 crore turnover in 2016-17, more than doubling it from the Rs.5,000 crore in the last fiscal, yoga guru Ramdev, its founder, has said. "We are targeting to cross Rs.10,000 crore turnover in the current fiscal from Rs.5,000 crore in 2015-16," Ramdev told reporters at a press meet.

Patanjali Ayurved is eyeing over Rs.10,000 crore turnover in 2016-17, more than doubling it from the Rs.5,000 crore in the last fiscal, yoga guru Ramdev, its founder, has said. "We are targeting to cross Rs.10,000 crore turnover in the current fiscal from Rs.5,000 crore in 2015-16," Ramdev told reporters at a press meet. "The profit is minimal and would be around 8-10 percent," said managing director Acharya Balkrishna. He also said the company will be investing Rs.1,000 crore this year in setting up five to six new processing units of its various products in different states. "We will set up five to six processing units in Assam, Maharashtra, Madhya Pradesh, Rajasthan, Haryana and Uttar Pradesh. Out of these, four will be fully functional within this year," Balkrishna said.

"The water requirement by our processing units is very less, and the water can be recycled and used again. So our processing units in areas where there is water scarcity will be beneficial for farmers," he said. Ramdev said they currently take 1,000 tonnes of agricultural produce like wheat, peas, carrot, from farmers every day. "Our target is to increase it to 10,000 tonnes per day. Our amla and aloe vera produce is 500 tonnes per day, which we want to increase to 1,000 tonnes per day," he said. The Ayurveda-based FMCG company that has been growing exponentially in the last four years, plans to foray into exports and e-commerce this year. "E-commerce tie-ups with major players is on the cards this year. On the export front, we are expecting 5-10 percent revenues this year. We will be exporting honey and cosmetics to 10-12 countries, including US, Britain, Canada, African and Arab countries," Balkrishna said. Patanjali will also be expanding into new consumer lines like dairy products, and even yoga clothing. "Patanjali curd, cheese and other dairy products will soon be in the market," Ramdev said while Balkrishna added that clothing made of natural fibres like jute is also on the anvil.




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