Within the next five years, Ramdev wants to launch five new initial public offerings. The goal of the shift is to improve business performance to unprecedented heights.
Major initial public offering (IPO) plans for five Patanjali Group firms will be disclosed by yoga guru Baba Ramdev. Within the next five years, Ramdev wants to launch five new initial public offerings. The goal of the shift is to improve business performance to unprecedented heights. On September 16, there will be a news conference where the announcement will be made (tomorrow).
Patanjali stated in a press release that Swami Ramdev Ji Maharaj will speak at a significant press conference on September 16, 2022, in New Delhi.
The press conference has numerous goals, one of which is to “reveal conspiracies and efforts of rumor-mongers who distribute fake facts & numbers with vested motivation to degrade Patanjali and its Swadeshi Movement in the direction of a stronger and healthier India,” according to the invitation.
Ramdev will also describe the Patanjali Group’s Vision and Mission for the next five years and lay out its top priorities for helping India become self-sufficient.
Ramdev will also give an overview of five new initial public offerings (IPOs) that will be made by five different Group companies over the course of the next five years. These IPOs will receive special attention in an effort to boost corporate performance and excel under the guiding principles of “Prosperity for Charity and Commit Less Deliver More.”
In New Delhi, there will be a news conference.
In comparison to the last fiscal year, Patanjali’s revenue climbed to 10,664.46 crores in FY22 from 9,810.74 crore. However, compared to FY22, net profit was somewhat lower at 740.38 crore versus 745.03 crore.
Revenue from the company’s FMCG division increased from 8,778.03 crore in FY21 to 9,241.27 crore in FY22. In contrast, the business of ayurvedic products increased to 1,273.92 crore from 925.09 crore in FY21.