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Patanjali Founder Baba Ramdev Announces Rs 1,00,000 Crore For Charity

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| October 9 , 2018 , 11:32 IST

Fast-Moving Consumer Goods (FMCG) major Patanjali founder Yoga Guru Baba Ramdev has announced on Tuesday to spend Rs 1, 00, 000 crores for charity works.

Ramdev said that he wants to spend Rs 1,00,000 crore in a number of sectors including health, education, research and development (R&D), agriculture and environment.

Patanjali focusing on the agricultural sector wants more products coming from the farm and food processing sector.

It also wants to encourage organic farming to produce various products. 

Also Read: Patanjali Brings Massive Recruitment Drive, Around 50,000 Vacancies To Be Filled 

With an immense growth quarter by quarter, Patanjali has become an unbeaten leader in the FMCG sector in India, from toothpaste to cooking oil, the company has numerous food products to offer customers at reasonable rates.

Patanjali has reported a turnover of Rs 10,561 crore with 111 per cent growth in the fiscal year 2016-17.

Ramdev quoted by PTI as saying, “Rs 12,000 crore is a decent amount and we would grow forward from here. We are aiming to make Patanjali as one of the leading FMCG company globally."

Speaking on to make Patanjali a public company in future, Ramdev said that Patanjali is a charitable firm and we don’t think it is needed to list it on Bombay Stock Exchange.

“Patanjali will not allow foreign equity or go in for a public issue,” he said.

Patanjali's is planning to open 100 more stores before March next year, Ramdev said.

Ramdev was speaking at an event organised by the FICCI Ladies Organisation in Delhi.