Founder yoga guru Baba Ramdev said today “Patanjali Ayurved will be a Rs 2 lakh crore brand in the next five years as it plans to foray into new verticals and open new integrated food parks and manufacturing units”. The FMCG major will have a manufacturing capacity of Rs 1 lakh crore in the next two years.
The Haridwar-based firm is aiming to have a 1 lakh crore sales turnover in the next five years as it is expanding product portfolio.
Ramdev said at an AIMA event "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. We will have a production capacity of Rs 1 lakh crore in the next two years, by 2018-19, Patanjali will be ahead of many rivals in the FMCG sector, surpassing many multi-national brands in the country. We have a production capacity of Rs 15,000 crore at Haridwar and have already started operation at Tezpur, Assam which has a production capacity of Rs 25,000 crore. We do not want to bring prosperity at one single place. We want to have a decentralised, sustainable and inclusive growth of the society.”
Besides, Patanjali is foraying into segments as denim, drinking water, security services and dairy products etc.
The company as part of its expansion plans is also considering to borrow Rs 5,000 crore from the banks.