(ET)
Baba Ramdev on Wednesday hinted that Patanjali Ayurved may shortly announce plans to go public.
Asked whether the group has plans to get listed in the stock market, Ramdev said he would be able to share some “good news” related to this in a month’s time. Patanjali Ayurved, which started out as a small pharmacy, quickly grew to challenge multinational FMCG giants as it expanded into diverse segments. The company aims to achieve Rs 20,000 crore in annual revenues in three to five years. Patanjali reached Rs 10,000 crore in revenues FY16 from less than Rs 500 crore in FY12.
