Acharya Balakrishna, the man behind yoga guru Baba Ramdev’s consumer goods empire Patanjali Ayurved, has entered the Hurun India Rich List with a wealth of Rs 25,600 crore (around $3.8 billion).
Balakrishna, 44, was ranked 26 among 339 in the list with individuals having Rs 1,600 crore (around $240 million) or more, the Hurun India Rich List 2016 report, which focuses on high-net-worth individuals in China and India, showed.
Patanjali Ayurved has grown almost five times between FY12 and FY15 when top FMCG firms in India such as Hindustan Unilever, Godrej Consumer, Marico, Dabur and Emami grew 30-70%.
“Yoga Acharya’s Patanjali took the market by storm and is eating away market share of other multinational FMCGs. Patanjali registered a turnover of Rs 5,000 crore and expects to hit Rs 10,000 crore in 2017,” the report noted.