Patanjali Group: We aim to be debt-free in 3-4 yrs, now clocks Rs 30k cr turnover
Patanjali Group: We aim to be debt-free in 3-4 yrs, now clocks Rs 30k cr turnover
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Baba Randev-led Patanjali Group on Tuesday said it has achieved a turnover of around Rs 30,000 crore in the fiscal 2020-21, helped by a revenue boost of Rs 16,318 crore from Ruchi Soya -  a company its had acquired last fiscal through insolvency resolution.

The Patanjali Group is aiming to make its companies debt-free in the coming 3-4 years, and a substantial portion of the follow-on public offer (FPO) of Ruchi Soya, which has a debt of around Rs 3,330 crore, will be diverted to pare its debt, Ramdev said. Besides, he also gave an indication about listing of the group's FMCG arm Patanjali Ayurved without sharing any timeline. For FY'21, Patanjali Ayurved posted a turnover of Rs 9,783.81 crore, according to a statement issued by the Haridwar-based group.

While Patanjali Natural Biscuits reported a turnover of Rs 650 crore, Ayurveda arm Divya Pharmacy Rs 850 crore and food processing arm Patanjali Agro Rs 1,600 crore during the fiscal 2020- 21, it added. Transportation wing Patanjali Parivahan reported a turnover of Rs 548 crore and Patanjali Gramoudyog Rs 396 crore during the fiscal. For FY 2019-20, Patanjali Ayurved had reported its revenue from operations at Rs 9,022.71 crore. On the performance of the group's newly acquired firm Ruchi Soya Industries, Yoga guru Ramdev said.

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