Acharya Balkrishna was born in Haridwar, India, in 1972. His parents were immigrants from Nepal, specifically from the district of Syangja.
Acharya Balkrishna, the co-founder of Baba Ramdev’s Patanjali Foods, has significant net worth. The company has set ambitious targets, aiming to achieve a turnover of Rs 50,000 crore within the next five years, along with a profit goal of Rs 5,000 crore. Patanjali Foods has implemented a robust FMCG strategy to achieve these objectives. The company was originally named Ruchi Soya but underwent a rebranding in 2019.
Baba Ramdev, the head of the Patanjali Group, recently shared his aspirations with the media, expressing his determination to expand the company’s FMCG (Fast-Moving Consumer Goods) business. He revealed plans to introduce various new products, including premium items such as white buffalo ghee, high-quality biscuits, and cookies, as well as a range of dry fruits. These strategic additions to their product lineup are intended to further realize Baba Ramdev’s vision for the company.
In the last financial year, the company achieved a profit of Rs 886.44 crore. Founded by yoga guru Baba Ramdev and Acharya Balkrishna, the majority ownership of the company rests with Acharya Balkrishna himself. Apart from being a co-founder, Acharya Balkrishna is recognized as an Ayurveda practitioner and a television personality.
Acharya Balkrishna was born in Haridwar, India, in 1972. His parents were immigrants from Nepal, specifically from the district of Syangja. He crossed paths with Ramdev when they both were at the Khanpur Gurukul in Haryana.
Patanjali Ayurved, the company renowned for selling FMCG products, was established in 2006. To kickstart the business, Baba Ramdev received assistance from his followers, who extended a loan to him.
The company experienced tremendous success, largely attributed to the widespread popularity of Baba Ramdev, who had become a household name in North India.
The company’s turnover demonstrated remarkable growth over the years. In 2012, it reached 56 million dollars, which escalated to 630 million dollars by 2015. The company continued its upward trajectory, achieving a revenue of Rs 9,022 crore in the financial year 2019-2020.
Contrary to popular belief, Baba Ramdev does not possess any ownership stake in Patanjali Ayurved. According to an old report from TOI (Times of India), it was mentioned that Balkrishna holds a significant 94 percent stake in the company. Interestingly, Balkrishna does not draw any salary from the company. He diligently devotes 15 hours of work every day to fulfill his responsibilities.
According to Forbes, his net worth stands at an impressive Rs 29,680 crore.