Business / Patanjali press conference updates baba ramdev announced 4 IPOs check details

Patanjali press conference updates: Yoga guru Baba Ramdev has made a big bang in the primary market. Baba Ramdev has announced to bring IPO of 4 companies of Patanjali Group. Patanjali Ayurved, Patanjali Wellness, Patanjali Medicine and Patanjali Lifestyle Company's IPO will come. All these companies will be launched in the stock market in the next 5 years. He has announced this in a press conference in Delhi today. The yoga guru said that at present the turnover of Patanjali Group is Rs 40,000 crore. In the coming years, our business will grow faster and we will provide employment to five lakh people across the country.

Let us tell you that in the next five years, 5 companies of Patanjali will be listed in the stock market. The market value of these five listed companies is targeted to be 5 lakh crores. Patanjali's Ruchi Soya company is already listed in the market. Patanjali aims to outline the 'Vision and Mission 2027' and bring out the 5 key priorities for the next 5 years towards the group's contribution in making India self-reliant.

Patanjali's revenue has increased in the current finance

Patanjali's revenue increased to ₹ 10,664.46 crore in FY 2022. It was ₹9,810.74 crore in the previous financial year. However, there was a marginal decline in net profit in FY22. Patanjali's net profit stood at ₹740.38 crore as against ₹745.03 crore.

₹1,000 crore investment in Uttarakhand

Yoga guru Baba Ramdev had announced on September 14 that Patanjali Yogpeeth would invest over Rs 1,000 crore in Uttarakhand. The investments will be aimed at improving public health and promoting the cultural heritage of Uttarakhand.