Ramdev’s Patanjali targets Rs 10,000cr revenue in 2016-17

Updated on Apr 27, 2016 04:54 PM IST

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.

Baba Ramdev and Acharya Balkrishna shows their “Patanjali” products before addressing a Press Conference in New Delhi. (Photo by Arvind Ashok Nigam/ Hindustan Times)(Hindustan Times)
Baba Ramdev and Acharya Balkrishna shows their “Patanjali” products before addressing a Press Conference in New Delhi. (Photo by Arvind Ashok Nigam/ Hindustan Times)(Hindustan Times)
ByIANS, New Delhi

Patanjali Ayurved is expecting 150 percent growth in 2016-17, reaching an over Rs 10,000 crore turnover in the current fiscal, its founder yoga guru Ramdev said hn Tuesday.

“We are targeting to cross Rs 10,000 crore turnover in the current fiscal from Rs 5,000 crore in 2015-16. We will grow by 150 percent this year,” Ramdev told reporters at a press meet.

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,” Acharya Balkrishna, managing director of the company, said.

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