In the 104 trading sessions since relisting, Ruchi Soya’s market capitalisation has grown from ₹500 crore to ₹42,700 crore. "In 2018-19, Patanjali Ayurved had alone reported a revenue of Rs 8,329 crore," he said, adding that the group's turnover was much higher than this figure. On the outlook for the second half of 2019-20, Tijarawala said: "It would be almost double of what we have in H1." Sophie Choudry's Jaw-Dropping Pictures From The Maldives. As per the resolution plan approved by the National Company Law Tribunal (NCLT), the promoters and the promoter group presently hold 98.90 per cent stake in Ruchi Soya and the balance 1.10 per cent is the public shareholding. Edible oil firm Ruchi Soya, which is owned by Patanjali Ayurved, will launch a follow-on public offer (FPO) next year to bring down promoters' shareholding in the company, said Swami Ramdev. The company has an integrated value chain in palm and soya segments having a farm to fork business model. The massive surge in its share price might have made its investors happy, but analysts are sounding the alarms and seeking a probe by the Securities Exchange Board of India (SEBI). Now, we are targeting to achieve a turnover of Rs 1 lakh crore in the next five years," said Ramdev. Natasa Stankovic and Hardik Pandya's Baby Boy Agastya a Dancer in the Making? By Rahul Satija An Indian credit ratings company cut Patanjali Ayurved Ltd. by two levels, citing a likely weakening of its financial position as it partly funds a merger with a maker of soya products. For 2019-20, Ruchi Soya had reported a revenue of Rs 13,117.79 crore. New Delhi: Haridwar-based Patanjali group, which has acquired debt-ridden Ruchi Soya NSE -0.59 %, is expecting Rs 25,000 crore turnover this fiscal, and aims to become the country's largest FMCG company in coming years, Yoga Guru Ramdev said on Friday. Ramdev did not share the size of the proposed FPO. All rights reserved.For reprint rights. 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Patanjali's consumer goods business, which is the backbone of Patanjali's overall empire, saw a decline of over 10 per cent in revenue at Rs 8,148 crore in … We have operated Ruchi Soya well. Patanjali Food and Herbal Park at Haridwar is the main production facility operated by Patanjali Ayurved. Not just one….but two feathers in our cap!!! Ruchi Soya is also continuing its premiumisation drive through brand Nutrela into segments such as high protein atta, honey and premium blended oils. In 2015-16, Patanjali group’s turnover had grown by 150 per cent to Rs 5,000 crore. Shahid Kapoor's Winking Selfies are Winning Hearts! It has brands such as Mahakosh, Sunrich, Ruchi Gold and Nutrela. Talking about Ruchi Soya that markets its products under different brands including Nutrela, he said the company would continue to grow. Care Ratings Ltd. downgraded Patanjali’s long-term bank facilities to A- from A+, according to a statement on Friday. As per Sebi listing rules, the company has to increase its public shareholding so that it can achieve the minimum public shareholding norm in compliance with the listing requirement under the Securities Contract (Regulation) Rules, 1957. "We are going to come with the FPO next year in which we would dilute our shareholding, Ramdev told PTI. Ramdev said the acquisition was a challenging job for Patanjali Group but it succeeded despite financial constraints. Haridwar-based Patanjali group, which has acquired debt-ridden Ruchi Soya, expects to have a turnover of Rs 35,000-Rs 40,000 crore in the next … Its net profit was up 54.88 per cent to Rs 126.73 crore. In FY2019, the ayurveda major had clocked a turnover of Rs 8,330 crore, 2.4 per cent higher than Rs 8,136 crore it had posted in FY2018. The Baba Ramdev-led Patanjali group is targeting a turnover of over ₹40,000 crore next year, and ₹50,000 to ₹1 lakh crore in the next five years. Haridwar-based Patanjali Ayurved Ltd has reported a 21.56 per cent increase in standalone net profit at Rs 424.72 crore for financial year 2019-20, according to data provided by business intelligence platform Tofler. Patanjali has emerged as the biggest symbol of self-reliant India (Aatmanirbhar Bharat)," he said. A consortium of Patanjali Ayurved, Divya Yog Mandir Trust (through its business undertaking Divya Pharmacy), Patanjali Privahan and Patanjali Gramudhyog Nyas won the bid to acquire Ruchi Soya. Production. Haridwar-based Patanjali group, which has acquired debt-ridden Ruchi Soya, expects this fiscal turnover of Rs 25,000 crore, and aims to become the largest FMCG company in the country in the coming years, Yoga Guru Ramdev said on Friday. By Rahul Satija An Indian credit ratings company cut Patanjali Ayurved Ltd. by two levels, citing a likely weakening of its financial position as it partly funds a merger with a maker of soya products. Last week, Ruchi Soya reported an increase of 28.09 per cent in revenue for July-September at Rs 3,990.72 crore. So, the message is that Supply Chain is the backbone of any product-driven business to respond faster to business cycles.