Patanjali to launch 4 new IPOs
   Date :17-Sep-2022

By Rajeev S Sharma
INFORMING that the Patanjali group is preparing to get listed five companies by floating four IPOs in the next five years, Yoga Guru Swami Ramdev has expressed confidence the Patanjali Group would reach turnover of more than Rs 1 lakh crore and generate more than 5 lakh new job opportunities in the next five years.
Addressing a press conference at the Constitution Club in New Delhi on Friday, Swami Ramdev said in addition to existing Patanjali Foods, the new Initial Public Offerings (IPOs) to be floated soon will be Patanjali Ayurveda, Patanjali Medicine, Patanjali Wellness and Patanjali Lifestyle.
Edible oil company Ruchi Soya Industries acquired and renamed in 2019 as Patanjali Food Ltd is the Patanjali Group Company presently listed on the stock market. The group with current turnover of Rs 40,000 crore aims to reach a turnover of more than Rs 1 lakh crore in next five year, said Yoga Guru.
Speaking further, Ramdev said, Patanjali Food will be India’s largest oil plantation company. Mentioning that once planted, oil palm trees
give returns for the next 40 years, Ramdev said that it is targeted to earn annual returns of about Rs 2,000 crore in the next 5-7 years. It would also enable India to save foreign exchange worth Rs. 3 lakh crore that is annually paid on edible oil. Informing that the Patanjali Group presently is the home for 5 lakh direct and indirect jobs, the Yoga Guru said the group aims to generate 5 lakh new direct and indirect jobs in next 5 years through launching of new IPOs.
Speaking about proposed Patanjali Wellness,