Patanjali Group's turnover is expected to jump 2.5-fold to Rs 1 lakh crore in the next 5-7 years, Baba Ramdev on Friday said, and also announced plans to launch IPOs of four other group firms. Outlining the vision of Patanjali Group, he said the company will provide direct employment opportunities to 5 lakh people in the next five years.
Amid reports of adulteration in Patanjali products including ghee, Ramdev alleged that many people and organisations have been making attempts to tarnish the image of the Patanjali Group through false allegations. The group has issued legal notices to more than 100 people and have filed FIRs, he said, adding the group will take serious action against such political, medicine, MNCs and corporate mafia.
Addressing reporters here, Ramdev also shared the company's long-term plans. "Patanjali Group's current turnover is around Rs 40,000 crore. The Group turnover is expected to reach Rs 1 lakh crore in 5-7 years."
He said Patanjali Foods (erstwhile Ruchi Soya) is already listed on stock exchanges and its market capitalisation has touched around Rs 50,000 crore.
"We will be launching Initial Public Offerings (IPOs) of four other group companies over the next five years," Ramdev said.
These four companies are Patanjali Ayurved, Patanjali Medicine, Patanjali Lifestyle and Patanjali Wellness, he said, adding that the IPO of Patanjali Ayurved could be the first IPO.
On the media reports of adulteration in Patanjali Ghee found by a certified government lab at Rudrapur, Uttarakhand, Ramdev asserted that the findings of the lab were not correct and alleged the involvement of some officials in this.
"This is a blunder by a government agency. I do not know who are the people indulged in this but I know, the government is not involved," he said.
He also suggested that the Centre as well as state governments should improve their testing facilities at their laboratories and punish such "irresponsible officers".
The Patanjali Group has invested around Rs 500 to Rs 1,000 crore in its research & development and to modernise its testing facilities.
"All products are tested multiple times before it comes out. We also export our products to several countries which have very high-quality standards," he added.
Ramdev asserted that the qualities of all products of Patanjali Group are good and said that efforts are being made by political, medicine and MNC "mafias" to tarnish the image of its brand.
Without naming any people and organisations, he said the Group has given legal notices to more than 100 people and also lodged FIRs.
Ramdev alleged that the malicious campaign against him and the Patanjali Group's products on social media and other mediums are being done by "some people who are on payrolls of MNCs, medical mafia, religious mafia, political mafia and corporate mafia".