April 26: Yoga guru and FMCG entrepreneur, Baba Ramdev on Tuesday said that he will make competition tough for age-old market players. He said that he will make the bird from Nestle’s logo fly away and Colgate’s gate shutdown. He also shared his business plan and said that his company is all set to achieve Rs 10,000 crore turnover in current fiscal year.
“In a few years, the Patanjali products will make Nestle’s bird fly away and shut the gate in Colgate,” said Ramdev.
Ramdev launched Patanjali’s range of FMCG goods in March 2012 in Indian market.
Patanjali’s turnover in 2011-12: Rs 446 crore
Patanjali’s turnover in 2012-13: Rs 850 crore
Patanjali’s turnover in 2013-14: Rs 1200 crore
Patanjali’s turnover in 2014-15: Rs 2006 crore
“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,” IANS quoted Ramdev. The company is planning to invest Rs 1000 crore this year to set up five to six new processing units in different states. All the units will all manufacture various products. (AlSO READ: CISF deployed 24X7 at Ramdev’s food park in Haridwar)
“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.
Patanjali Ayurved is expecting 150 percent growth in 2016-17.