Menu
BW CFO World
Community for Finance Professionals, Consultants and allied businesses
  • Home
  • News
  • Videos
  • Articles
    • Credit & Capital
    • Economic Trends
    • Financial Compliance
    • Financial Leadership
    • Financial Management
    • Financial Reporting
    • Financial Strategy
    • Risk Management
    • Taxation
  • Featured
  • Nominate for Awards
Close Menu
IPO
September 16, 2022

Baba Ramdev Announces Four Patanjali Company IPOs

Urvi Srivastava Financial Reporting Baba Ramdev, IPO, Patanjali

He also spoke about how the firm had already started working towards listing these four group companies. Ramdev also vowed to unveil Patanjali’s action plan to achieve Rs. 5 lakh crores market value for these 5 companies, soon

Today, Baba Ramdev made the announcement of listing four new Patanjali companies on the Indian stock market within the next five years. Speaking in New Delhi, the patron of Patanjali made the announcement of the firm’s plans for the four new IPOs (initial public offerings) of Patanjali Ayurved, Patanjali Medicine, Patanjali Wellness, and Patanjali Lifestyle. He also mentioned the firm’s current turnover of Rs. 40,000 crores and that it was aiming to raise it to Rs. 1 lakh crore in the next 5 years.

Ramdev said, “We are preparing to get five listed Patanjali group companies by floating four new IPOs in the next five years. After Patanjali Foods Limited, we are aiming to bring IPOs of our four other companies — Patanjali Ayurved, Patanjali Medicine, Patanjali Wellness, and Patanjali Lifestyle.” He also spoke about how the firm had already started working towards listing these four group companies. Ramdev also vowed to unveil Patanjali’s action plan to achieve Rs. 5 lakh crores market value for these 5 companies, soon. 

Ramdev added, “Patanjali Foods will be India’s largest company in oil palm plantation. Once planted, the oil palm tree gives return for the next forty years. So, the target is to earn annual returns of around Rs. 2,000 crores within the next five to seven years. It would enable India to save about Rs. 3 lakh crore which it pays for edible oil imports annually. Ramdev also mentioned that Patanjali group currently is the provider of five lakh direct and indirect jobs. He stated that the firm aimed for five lakh direct job generation within the next five years.

Avatar

Urvi Shrivastav

→ Urvi Shrivastav

Enforcement Directorate Freezes Rs 46.67 Cr Funds India’s Mankind Pharma files for IPO

Related Posts

Mayank

Financial Reporting

Synergizing finance, strategy and management: The multipronged role of today’s CFO

NEC

Financial Reporting

NEC Corporation elevates India CFO Mayank Khandelwal to Head of Finance for Global Regional Headquarters and Country Affiliates

Screenshot 2023-04-18 190754

Financial Reporting

Ramesh Bafna Appointed As The New CFO Of Zepto; Succeeding Jitendra Nagpal

Selected Stories

  • MayankSynergizing finance, strategy and management: The multipronged role of today’s CFO

    Read more

  • NECNEC Corporation elevates India CFO Mayank Khandelwal to Head of Finance for Global Regional Headquarters and Country Affiliates

    Read more

  • Screenshot 2023-04-18 190754Ramesh Bafna Appointed As The New CFO Of Zepto; Succeeding Jitendra Nagpal

    Read more

  • Screenshot 2023-03-28 180755Infobip appoints Richard Kraska as Chief Financial Officer

    Read more

  • 1494568857_NoPMEQ_CFO-470CFO – From ‘Finance’ To ‘Futuristic’

    Read more

Movements

  • Screenshot 2023-03-28 180755Infobip appoints Richard Kraska as Chief Financial Officer
  • zUah2lDb_400x400Deloitte India Named Romal Shetty As CEO For Four-Year Term
  • cfo imageVishnuhari Pareek Named As Head Of Finance At Arkam Ventures
  • thumbnail_Sidharth1Siddharth Sehgal Is New CFO Of BeatO
  • Business men giving a handshake. Business conceptRamamurthy Becomes MD, CEO of BSE, SEBI approves appointment

Categories

  • Accounting
  • CFO Stance
  • Credit & Capital
  • Economic Trends
  • Featured
  • Financial Compliance
  • Financial Leadership
  • Financial Management
  • Financial Reporting
  • Financial Strategy
  • Financial Technologies
  • Global News
  • Interview
  • Movements
  • Risk Management
  • Taxation

Recent Comments

    Back To Top
    BW CFO World
    • Home
    • News
    • Videos
    • Articles
      • Credit & Capital
      • Economic Trends
      • Financial Compliance
      • Financial Leadership
      • Financial Management
      • Financial Reporting
      • Financial Strategy
      • Risk Management
      • Taxation
    • Featured
    • Nominate for Awards
    © Copyright BW BUSINESSWORLD 2018. All Rights Reserved.