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. With Ruchi Soya, it also aims to double its reach in next five years to 50 crore people from the existing 25 crore.

Source: Mint January 24, 2020 09:33 UTC