1. Baba Ramdev loyalist and Patanjali CEO Acharya Balakrishna enters India rich list with $3.8 billion

Baba Ramdev loyalist and Patanjali CEO Acharya Balakrishna enters India rich list with $3.8 billion

Acharya Balakrishna, who is also the CEO of Patanjali, was ranked 26 among 339 in the list with individuals having Rs 1,600 crore.

By: | Updated: September 13, 2016 11:10 AM
Attired in a traditional white kurta and dhoti, he prefers to read from printouts stacked on his desk and speaks largely in pure Hindi. (Photo: @AcharyaBalkrishanJi) Attired in a traditional white kurta and dhoti, he prefers to read from printouts stacked on his desk and speaks largely in pure Hindi. (Photo: @AcharyaBalkrishanJi)

Who doesn’t know about Patanjali? Baba Ramdev’s Patanjali is not just a household name but also India’s fastest growing FMCG brand. But do you know Baba Ramdev is merely the face of the Patanjali Empire? According to a report, as much as 94 percent of Patanjali is owned by Acharya Balakrishna. Not only this, Acharya Balakrishna has stormed into the Hurun India Rich List with a wealth of Rs 25,600 crore (around $3.8 billion). The 44-year old, who is also the CEO of Patanjali, was ranked 26 among 339 in the list with individuals having Rs 1,600 crore.  “Yoga Acharya’s Patanjali took the market by storm and is eating away market share of other multinational FMCG’s. Patanjali registered a turnover of Rs 5000 crore and expects to hit Rs 10,000 crore in 2017”, says Hurun India Rich List report.

Acharya Balakrishna is a very close and trusted aide of Baba Ramdev. According to various reports, his management style differs vastly. Although Balkrishna uses an iPhone, his work station doesn’t have a computer. Attired in a traditional white kurta and dhoti, he prefers to read from printouts stacked on his desk and speaks largely in pure Hindi. He started this journey 10 years ago and never thought that Patanjali would become what it is today. “I had to take Rs 50-60 crore personal loan. Prior to this, I did not even have a personal account in a bank,” said Balkrishna. In 2011, the CBI filed a case of cheating and forgery against him, and he was even arrested. The CBI claimed his passport was issued on the basis of forged educational documents, and his ‘citizenship’ was also questioned, but he was given a clean chit for the case within two years due to lack of evidence of wrong-doing. His birthday, 4th August, is celebrated as ‘Jadi Booti Divas’ (Herb Day) in the Patanjali family.

Hurun India Rich List 2016 Hurun India Rich List 2016

The Hurun Report is a research unit based in China, known for its annual China-rich list. The company started its India operations in 2012.

  1. 365digitalmarketing
    Sep 13, 2016 at 7:52 am
    Patanjali has won the trust of millions of people in India due to its Ayurverda and yoga as its core role models. Prashaant KD
    Reply
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      Amit
      Sep 14, 2016 at 4:20 am
      Not able to beleive this report. How they got so much wealth. They have sold 5000 crore good last year and this year target is 10,000 and they are showing 10% profit then how they have 25,000 crore. Is this money from donation collectionAmit Agarwal, Vaishali, Ghaziabad.Right To Recall.
      Reply
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        Rajesh Pabari
        Sep 13, 2016 at 9:03 am
        I am loving to read such news. Indian company taking head on with MNCs...
        Reply

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