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Forbes: Patanjali’s Balkrishna Amongst 100 Richest Indians

Acharya Balkrishna has made his debut on the Forbes list of India’s 100 Richest People at 48th position.

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Yoga guru Ramdev’s close associate Balkrishna has entered India’s richest 100 club with USD 2.5 billion networth owing to his 97% holding in Patanjali Ayurved.

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Acharya Balkrishna has made his debut on the Forbes list of India’s 100 Richest People at 48th position. “... the childhood friend of politically well-connected yoga guru Baba Ramdev, makes the debut thanks to his 97 per cent holding in fast-growing consumer goods outfit Patanjali Ayurved, which they co-founded in 2006,” Forbes said on Thursday while releasing its annual India rich list.

With revenue of USD 780 million, Patanjali sells everything from herbal toothpastes and cosmetics to noodles and jams. Though Ramdev holds no shares in Patanjali, he is the company’s de facto brand ambassador, while Balkrishna runs operations.

“Among much else, Balkrishna also oversees 5,000 Patanjali clinics, the Patanjali University and a yoga and Ayurveda research institute. He says that Patanjali’s profits are donated to various trusts and charities,” the magazine said.

Balkrishna is among the six newcomers on the list, topped for the ninth consecutive year by Mukesh Ambani.

This year, the minimum amount required to make to the Forbes list was USD 1.25 billion, up from USD 1.1 billion in 2015.

The ranking lists family fortunes, including those shared among extended families such as the Godrej and Bajaj families. Public fortunes were calculated based on stock prices and exchange rates as of September 9. Private companies were valued based on similar companies that are publicly traded.

Video Editor: Purnendu Pritam

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