The yoga guru Ramdev's Patanjali Group plans to list four more companies on Indian exchanges over the next five years in order to achieve a market value of over $60 billion.
Baba Ramdev told reporters on Friday that his group will float initial public offerings for several businesses. The yoga guru said he wants a pretax profit of 50 billion rupees for his company.
Ramdev wants to use his personal brand as a spiritual guru to sell products promising natural and Ayurveda-based remedies. Over the past decade, the company has grown quickly, but it has yet to oust the company from the top spot.
The company's products have faced controversy. The Indian government told Patanjali to stop making claims that its product could cure Covid-19. The yoga teacher said his products were natural.
Cow urine is one of the many products that Patanjali sells. In the next five to seven years, the group wants to increase sales to 1 trillion rupee, according to Ramdev.
All Rights Reserved © 2024
