Yoga Guru Baba Ramdev announced plans to float four new Patanjali companies on Indian bourses over a five-year period. The Patanjali patron announced plans for four new Patanjali IPOs (initial public offerings) from Patanjali Ayurved, Patanjali Medicine, Patanjali Wellness, and Patanjali Lifestyle during a press conference in India’s capital city. The Yoga Guru stated that the Patanjali Group’s current turnover is 40,000 crore and that it aims to increase to 1 lakh crore in the following five years while making these remarks.
The Yoga Guru gave a hint as to which Patanjali IPO might occur first when he stated that the company plans to open 1,000 IPD and OPD Patanjali Wellness centers in the near future, with a goal of increasing that number to 1 lakh in the next ten years. He declared that these 1 lakh Patanjali Wellness centers would be established both in India and overseas in order to replace allopathy in India with the ancient Indian medical system of treatment and therapy.