Patanjali, which has acquired Ruchi Soya is looking to expand its product line
Patanjali is also aiming to become the country's largest FMCG company in coming years
New Delhi: Haridwar-based Patanjali group, which has acquired debt-ridden Ruchi Soya, is expecting ₹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.
The company will register a joint turnover of ₹25,000 crore in the current fiscal ending March 2020, in which around ₹12,000 crore would be contributed by Patanjali group firms and ₹13,000 crore will come from Ruchi Soya, he said.
"In next five years, we would have a turnover of around ₹50,000 crore to ₹1 lakh crore and will become the largest FMCG company, replacing HUL," Ramdev said.
Patanjali, which acquired Ruchi Soya in an Corporate Insolvency Resolution for around ₹4,500 crore, is also looking to expand its product line.
"We will launch three new products under Nutrela brand targeting the health conscious people, targeting the people suffering from diseases such as heart, cholesterol and high blood pressure," he said.
These products will include premium Oil Nutrela Gold, Nutrela Honey and Nutrela Protein Atta.
"We are expecting three times growth from Ruchi Soya in coming years," Ramdev said, adding it will also lessen burden of import of edible oil from other countries and make India self dependent in this sector.
Patanjali will also coninue to have Bollywood actress Madhuri Dixit as the brand ambassador for Ruchi Soya's Mahakosh range of products.