Headline - Patanjali plans to borrow Rs 5000 crore to support expansion

Publication - Daily Post India

Publish Date - 2017-09-29

Page view per user* - 0

Source - Bureau

Word count - 260

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Edition - Online Web

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Language - English

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Patanjali plans to borrow Rs 5000 cr to support expansion. In next five years, PatanjaliAyurveda will be a brand worth Rs 2 lakh crore. Patanjali’s founder and Yog Guru Baba Ramdev said that the company is ready to land in new areas and will open new compatible food parks and manufacturing units. While sharing details he said that by next 2 years manufacturing capacity of F.M.C.G sector will reach upto one lakh crore.The supreme motive of this Haridwar based company is to get a sales business of Rs 1 lakh crore in the next five years. The company is expanding its product portfolio in this view. During an A.I.M.A event, Ramdev stated that, company is planning to take loan of Rs 5000 crore for their detailed policies.Turn over of the company for the year 2016-17 was 10,561, Patanjali is setting up their manufacturing units in Noida, Nagpur, Indore and Andhra Pradesh.  He further said that FMCG chief will be capable to give an output of Rs 1 lakh crore in next 2 years.Patanjali Ayurveda is planning to take a loan of Rs. 5000 crore for its immediate expansion plans. “We are working on those vertical sectors whose market size is more than 10 lakh crores and the share of Patanjali has been increased from 10 to 20 percent,” Ramdev said during an event. In the next three to five years, Patanjali will be a brand worth more than 1 lakh crores.Ramdev said that by 2018-19, Patanjali F.M.C.G will be ahead of many competitors and many MNC’s will lag behind them.