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Baba Ramdev owned Patanjali Ayurved considering Rs 5000 crore loan to fight out competition with foreign brands

Patanjali is foraying into segments as denim, drinking water, security services and dairy products among other sectors.

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Baba Ramdev owned Patanjali Ayurved considering Rs 5000 crore loan to fight out competition with foreign brands
Confident about his firm's success, the yoga guru said that Patanjali Ayurved would soon become a Rs 2 lakh crore brand
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To weed out foreign competition from the markets and to expand its business further, Baba Ramdev owned Patanjali Ayurved is considering taking a Rs 5000 crore loan. 

"We have taken a loan of Rs 500 crore initially and now I have to take loan of Rs 5,000 crore for my expansion plans," Ramdev said. 

Confident about his firm's success, the yoga guru said that Patanjali Ayurved would become a Rs 2 lakh crore brand in the next five years.

He further said that the FMCG major will have a manufacturing capacity of Rs 1 lakh crore in the next two years. Currently, the firm is planning to have a 1 lakh crore sales turnover in the next five years as it is expanding product portfolio.

"We are working in several verticals which have a market size of over Rs 10 lakh crore and Patanjali has a market share of 10-20 per cent (in that)... in the next three to five years, Patanjali would be over Rs 1 lakh crore brand and there should be no surprise in it," Ramdev said.

Patanjali is foraying into segments as denim, drinking water, security services and dairy products among other sectors. 

Meanwhile, the company had reported a turnover of Rs 10,561 crore in FY2016-17, is breaching its own record of success due to which its managing director and Chief Eecutive Officer, Acharya Balkrishna has made his place among top 10 richest Indians.

Balkrishna ranked eighth in the Hurun India rich list 2017.

Last year, Balkrishna was at the 25th spot last year. His wealth grew by 173%. Patanjali, with a turnover of Rs 10,561 crore in FY17 has been a close competition to major global brands. Last year, Balkrishna was also named in the Forbes 100 richest Indians.

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