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Yogi Who Took On Unilever Plans IPOs to Build $62 Billion Empire

  • Patanjali Group targets $12.5 billion of revenue in 7 years
  • Patanjali Foods aims for $62.6 million pretax profit
Guru Ramdev
Guru Ramdev

Photographer: Sam Panthakay/AFP/Getty Images

Patanjali Group, which is run by the yoga guru Ramdev, is aiming for a combined market value of 5 trillion rupees ($62.7 billion) by listing four more companies on Indian exchanges over the next five years.

Ramdev, who goes by one name but is popularly known as Baba Ramdev, told reporters on Friday that the food-to-wellness group will float initial public offerings for Patanjali Ayurved, Patanjali Wellness, Patanjali Medicine and Patanjali Lifestyle. Without giving a timeline, Ramdev said he also wants a pretax profit of 50 billion rupees for his Patanjali Foods Ltd., which was already listed.