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Published
Mar 25, 2022
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Patanjali and Ruchi Soya plans to become top FMCG business in next five years

Published
Mar 25, 2022

Baba Ramdev has ambitious expansion plans for personal care, beauty, food, and fast-moving consumer goods joint business Patanjali and Ruchi Soya and is confident it will be India’s top business in the sector in five years. 

Patanjali’s managing director Acharya Balkrishna (left) and brand head Baba Ramdev (right) - Patanjali- Facebook


“We have set a target to make Patanjali Ayurved and Ruchi Soya, India's largest food and FMCG company in next five years,” Ramdev told reporters in New Delhi, the Press Trust of India reported. Listing Hindustan Unilever Limited as India’s current top food and FMCG business, Ramdev said that Patanjali Ayurved is the second largest but is coming for the top spot. 
 
“Our combined turnover of Patanjali group, including Ruchi Soya, is over Rs 35,000 crore and it is ranked second in the FMCG and food space, after HUL,” said Ramdev. 

Patanjali Ayurved plans to de-merge all of its food businesses into the listed entity Ruchi Soya Industries, which the business acquired after it went bankrupt. The business also launched a follow on public offer for Ruchi Soya Industries on March 24 with the aim of raising Rs 4,300 crore. 
 
Following that, the business will list several companies which fall under the umbrella of the Patanjali Group in phases. However, no timeline has been set for an initial public offer for the whole group. Patanjali retails a wide range of products, which are inspired by Ayurveda from cosmetics to health supplements to transportation. 

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