Wed, Oct 26, 2016 | updated 08:40 PM IST

Patanjali CEO Balkrishna among India's richest businessmen, says Chinese magazine

Updated: Sep 18, 2016 08:30 IST

Haridwar [India], Sept. 18 (ANI) Patanjali CEO Acharya Balkrishna has been listed by the Chinese Business Magazine Hurun as one of India's richest businessmen.

The list released by the magazine consists of 399 Indian businessmen in which Balkrishna is ranked 25th with an estimated property worth Rs. 25,000 crore.

Balkrishna has managed to secure his position among India's rich and famous within five years of establishing the FMCG firm Patanjali.

"This is an unlisted company and if it has been placed in world's richest company, then it is a big thing. This has been possible because of the immense love and support that we received from the people of the country. Very soon Patanjali will be at number one position," said Balkrishna.

Reliance Industries chairman Mukesh Ambani is ranked number 1 and Sun Pharmaceuticals owner Dilip Shanghvi is ranked number 2.

As per the report of Hurun, Patanjali is one of the fastest growing FMCG brands in India with an estimated yearly turnover of Rs. 5000 crore which is expected to be doubled by 2017.

Balkrishna holds a 96 percent stake in Patanjali Ayurved, while yoga guru Baba Ramdev is the face of the Haridwar-based consumer products firm. (ANI)