Patanjali plans to raise â¹1,000 crore to launch new products
Baba Ramdev-backed Patanjali Ayurved, plans to raise up to â¹1,000 crore from banks to boost production and launch new products. A Patanjali spokesperson said the company will reach a production capacity of 50,000 crore units by the end of this year. Notably, Patanjali replaced ITC to become India's second largest FMCG maker with revenue of over â¹10,500 crore in 2016-17.