Ramdev dismissed reports of his company's products failing quality checks and said there was no problem with Patanjali's items.
The company is in the process of setting up mega production units at several places, including Noida, Nagpur, and Indore, which would take its production capacity to Rs60,000 crore from the existing Rs35,000 crore.
"We aim to be in leading positions in all categories by the end of next year".
With a ready-made clientele because of Baba Ramdev's vast following, Patanjali will increase competition in an already crowded food retailing space in India, said Santosh Kanekar, a Mumbai-based adviser at BeLive Corp., which consults with hedge funds.
Recently, speaking to media, Ramdev said that "people's trust is our source of strength and Patanjali's intention is not to make money", and that "we will make schools for children of martyred soldiers". Honey is around Rs350 crore and would grow to Rs500-600 crore this year, " Ramdev said.
Nirupam has alleged that while the current market value of the land is at least Rs 100 crore per acre, Patanjali Ayurveda received it at a throwaway price of Rs 25 lakh per acre.
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Baba Ramdev has declared that very soon, Patanjali will become India's largest FMCG company.
Patanjali Ayurved that covers products ranging from food, personal care, home care and health care recorded a turnover of Rs 9,346 crore, followed by Divya Yog Pharmacy that deals in ayurvedic medicines (Rs 870 crore) and Patanjali Gramudyog that deals in cattle feed and related products (Rs 345 crore).
He jokingly said that the company's target to double the turnover by next fiscal will certainly give sleepless nights to foreign MNCs operating here. Their sales, claim Ramdev, stood at Rs 1,467 crore, Rs 940 crore, Rs 825 core and Rs 574 crore, respectively, in the last fiscal.
Meanwhile, Patanjali is working on a model to sell its products through e-commerce as well.
Company's MD and CEO, Acharya Balkrishna, also said that the Patanjali, in future will also enter textiles industry (jeans and sportswear) to compete with the brands like Nike, Levis and Adidas. Right now also we export, but it is very small.