Yog Guru Ramdev seeks 5 new IPO plans in the next 5 year!
On Friday, Yog Guru Baba Ramdev holds a press conference at 12 pm in New Delhi.
During the press conference, The yoga guru announced major initial public offering (IPO) plans for 5 of the Patanjali Group companies. Ramdev seeks 5 new IPO plans in the next 5 year.
The agenda of this PC was;
1. To expose conspiracies and efforts of rumour-mongers who spread false facts & figures with vested motives to disparage Patanjali and its Swadeshi Movement in the direction of stronger and healthier India.
2. To outline VISION & MISSION 2027 of Patanjali Group and narrate 5 major priorities & goals for next 5 years towards group's contribution in making India self-reliant.
3. To brief about 5 new IPOs in next 5 years of 5 of Group companies on which special focus will be synchronized in a bid to scale new heights of corporate performance and excel lance on the principles of "PROSPERITY FOR CHARITY" and "COMMIT LESS DELIVER MORE".
As per the information, Patanjali's revenue increased to ?10,664.46 crore in FY22 compared to ?9,810.74 crore in the previous fiscal. However, net profit was marginally lower to ?740.38 crore against ?745.03 crore in FY22.
The company's FMCG business revenue climbed to ?9,241.27 crore in FY22 against ?8,778.03 crore in FY21. While the ayurvedic products business rose to ?1,273.92 crore versus ?925.09 crore in FY21.
Baba Ramdev while addressing the press conference said that Patanjali turnover to reach ?1 lakh crore in the next 5 years. Currently, the group turnover is over ?40,000 cr.
Currently, only one of the group companies, Patanjali Foods Ltd, is listed on the stock market. The group acquired edible oil company Ruchi Soya Industries in 2019 and renamed it Patanjali Foods this year. Patanjali said it will also list its medicine, wellness and lifestyle units.
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