Patanjali logged nearly Rs 10,000 cr revenues in FY17, to set up 4 plants: CEO

Patanjali Ayurved Chief Executive Officer Acharya Balkrishna today said the company would 'surely be close' to its target of achieving Rs 10,000 crores in revenues for 2016-17.

He said the company would soon present its annual report on the numbers achieved in the year gone by.

The company, a household name because of its mascot Baba Ramdev, will set up four manufacturing plants across India this financial year, according to Balkrishna.

These plants will come up at Nagpur in Maharashtra, Noida in Uttar Pradesh, Indore in Madhya Pradesh and Andhra Pradesh, he told mediapersons on the sidelines of a conference on food processing.

He said the Nagpur unit would be used to make orange and other juices.

Balkrishna also said the company was working on a major research unit in herbal medicines and their cultivation. He said the company was working on plans to ensure supplies of raw materials -- a plan on rearing of cows to ensure milk availability for making ghee -- being one of them.

The company had set itself a target of doubling its revenues to Rs 10,000 crore for 2016-17.