Edible oil industry body SEA has filed complaints with food regulator FSSAI and advertising industry watchdog ASCI against Patanjali Ayurved for alleged misleading ads for mustard oil and sought action against the yoga guru R
Patanjali Ayurved, the FMCG venture promoted by yoga guru Ramdev, will invest over Rs 1,150 crore in the current fiscal to set up six processing units and one R&D center as it chases a turnover of Rs 10,000 crore this year.
Patanjali clocked revenues of Rs 4,500-5,000 crore in FY16 (ghee sales being Rs 700 crore, toothpaste Rs 300 crore and herbal cosmetics Rs 250 crore) and plans to grow at 100-125 per cent annually for the next three years.
Over two dozen people were injured today when police resorted to lathicharge and fired in the air to disperse an angry mob which was protesting against the management of Patanjali Food Park in connection with the death of an
Patanjali, which is slowly capturing bigger share in market by introducing array of products at a lower price, will also divert 100 per cent of its profits towards social service, says Yoga guru Ramdev.