COMPANY INTELLIGENCE PROFILE
Patanjali Ayurved Limited
Baba Ramdev/Acharya Balkrishna-promoted flagship FMCG and Ayurvedic-products company, owner of the "Patanjali" brand, incorporated 2006, HQ Delhi with main plant at Haridwar.
Founded in 2006, this company is the flagship of the Patanjali Group, known for manufacturing and trading FMCG, herbal, and Ayurvedic products under the "Patanjali" brand. Despite facing legal challenges, it remains actively engaged in the industry, with its headquarters in Delhi and a main plant in Haridwar. The company posted an operating revenue of Rs 3,780.83 Cr in FY25, with a PAT of Rs 2,132.67 Cr.
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Business Overview
- Flagship company of the Patanjali Group, established 2006, engaged in manufacturing and trading of FMCG, herbal and Ayurvedic products sold under the "Patanjali" brand.
- PAL owns the "Patanjali" brand and earns royalty/licence fees, ~3% of turnover, from other group entities that use it.
- Post-demerger the company retained Ayurvedic medicines & trading, biscuits & confectionery, pooja items, dairy, rice trading and packaging, after transferring its Home & Personal Care, and earlier Food, business to Patanjali Foods Ltd.
- Distribution network cited by Brickwork: 84 super distributors, 387 mega stores, ~8,000 distributors, 1,039 Chikitsalaya, 3,420 Arogya/Gramin Arogya Kendra and 2M+ retail touchpoints., Source: Brickwork Ratings 13-Aug-2025
Sector & Classification
Manufacturing/trading of FMCG, herbal and Ayurvedic products. CIN industry code 24237 corresponds to manufacture of chemicals/pharmaceutical & Ayurvedic preparations. Segment: FMCG / Ayurveda. (Source: Brickwork; CIN structure)
Directors & Key Management
Directors — source notes
Confirmed directors with DINs (Source: CompanyDetails.in / Patanjali board disclosures, cross-checked): - Acharya Balkrishna — DIN 01778007 — Managing Director (also ~98.54% shareholder) - Ram Bharat — DIN 01651754 — Non-Executive & Non-Independent Director - Swami Arshdev — DIN 09675672 — Non-Executive & Non-Independent Director - Ajai Kumar Arya — DIN 02013411 — Non-Executive & Independent Director - Rakesh (Kumar) Mittal — DIN 06759857 — Non-Executive & Non-Independent Director Additional directors named on registry (DINs not obtained): Sadhvi Devvarenya, Rajneesh Mishra, Yaj Dev Arya / Ram Bharat variants. DINs for these three: not obtained.
GST Registrations
Primary GSTIN: 05AAECP4424C1ZX — Uttarakhand (Haridwar), Public Limited Company, GST-registered 01/07/2017, status Active. PAN: AAECP4424C. Home state: Uttarakhand. Total registrations: 27 GSTINs across states (per KnowYourGST). A second Uttarakhand unit GSTIN 05AAECP4424C2ZW also exists for the same PAN. (Source: KnowYourGST, Masters India, MicrovistaTech)
Financials
Patanjali Ayurved Limited's FY25 revenue decreased to Rs 3,780.83 Cr due to the sale of the Home & Personal Care segment. Despite this, PAT was Rs 2,132.67 Cr, and total debt decreased to Rs 1,491.54 Cr. The company maintained a strong current ratio of 6.63x.
AI-generated, may contain errors.
| STANDALONE, audited, Source | Brickwork Ratings 13-Aug-2025 — Key Financial Indicators: |
| FY25 (Audited) | Operating Revenue Rs 3,780.83 Cr |
| EBITDA | Rs 348.22 Cr |
| PAT | Rs 2,132.67 Cr |
| Total Debt | Rs 1,491.54 Cr |
| Tangible Net Worth | Rs 9,510.30 Cr |
| Total Debt/TNW | 0.16x |
| Current Ratio | 6.63x. |
| FY24 (Audited) | Operating Revenue Rs 6,420.70 Cr; EBITDA Rs 620.70 Cr; PAT Rs 2,820.38 Cr; Total Debt Rs 2,932.97 Cr; TNW Rs 7,374.92 Cr; Debt/TNW 0.40x. |
| FY23 (Audited) | Operating Revenue Rs 7,526.39 Cr; EBITDA Rs 697.47 Cr; PAT Rs 356.73 Cr; Total Debt Rs 3,137.04 Cr; TNW Rs 7,035.06 Cr. |
| Note | FY25 revenue fell ~41% due to slump sale of the Home & Personal Care business to Patanjali Foods Ltd, Nov 2024, Rs 1,100 Cr consideration. |
| Tofler reports FY25 total revenue ~Rs 5,744 Cr, higher than Brickwork's operating-revenue figure because it includes royalty/other income, PAT ~Rs 2,132.7 Cr and net worth ~Rs 9,528.8 Cr — PAT and net worth agree with Brickwork. | |
| Business Standard reports FY24 total income Rs 9,335.3 Cr, incl. other income, vs revenue from operations Rs 6,460 Cr — consistent with Brickwork's operating-revenue basis. | |
| Consolidated figures | not obtained. |
Funding History
- Privately/promoter-held
- No external VC/PE funding rounds identified.
- Not a startup-funded entity.
- Key capital event: slump sale of Home & Personal Care segment to associate Patanjali Foods Ltd in November 2024 for Rs 1,100 Cr., Source: Brickwork Ratings 13-Aug-2025.
- Tracxn: no relevant funding rounds found.
Loans & Charges
- Total Debt FY25 Rs 1,491.54 Cr (Brickwork).
- TheCompanyCheck reports open charges of ~Rs 4,015.21 Cr and satisfied charges of ~Rs 12,806 Cr, cumulative historical.
- Loans secured by pledge of 30% shares of PAL and non-disposal undertaking over 26% shareholding in Patanjali Foods Ltd, present holding 29.64%.
- Individual charge-holder (lender) names and dates: not obtained., Source: Brickwork, TheCompanyCheck
Credit Ratings
- Brickwork Ratings (BWR), rationale dated 13 August 2025: Long-term rating BWR A / Stable outlook ASSIGNED on fund-based facilities of Rs 2,505.00 Cr
- Short-term rating BWR A2+ REAFFIRMED on non-fund-based facilities of Rs 1,163.97 Cr.
- Ratings on Rs 2,501.17 Cr of facilities WITHDRAWN on client request / No Due Certificate.
- Prior action (28 June 2024): BWR A/Negative & BWR A2+.
- Earlier ICRA ratings existed historically.
- No current CRISIL/CARE rating obtained., Source: Brickwork Ratings PDF 13-Aug-2025
Legal & Compliance
- Major ongoing litigation: IMA, Indian Medical Association, vs Patanjali Ayurved misleading-advertisements case before the Supreme Court of India, petition filed Aug 2022.
- SC ordered halt to false/misleading ads (21 Nov 2023) with threatened Rs 1 crore/product penalty
- Contempt proceedings against PAL and MD Acharya Balkrishna, and co-founder Ramdev
- Apology affidavit initially rejected (2 Apr 2024) as "mere lip service"
- 14 product licences suspended by Uttarakhand govt (2024) under Drugs & Magic Remedies, Objectionable Advertisements, Act, 1954.
- Brickwork notes pending litigations involving group KMP.
- Full Indian Kanoon case-list enumeration: not obtained., Sources: Supreme Court Observer, Business Standard, Brickwork
Competitive Landscape
- Ayurveda/FMCG peers: Dabur India Ltd, listed, market leader, revenue ~Rs 12,000+ Cr — large-cap
- Emami Ltd / Zandu, listed — mid/large-cap
- Himalaya Wellness, unlisted, large
- Baidyanath, Shree Baidyanath Ayurved Bhawan, unlisted, heritage classical Ayurveda
- Hindustan Unilever, Lever Ayush / Indulekha — very large-cap, diversified FMCG
- Marico, listed, large-cap. Rough scale: Dabur/HUL are larger and diversified
- Emami and Marico comparable-to-larger listed FMCG
- Himalaya and Baidyanath are focused Ayurveda peers., Source: industry search — Grand View, Business Standard, sector reports
Frequently Asked Questions
What does the company Patanjali Ayurved do?
Patanjali Ayurved is a flagship FMCG and Ayurvedic-products company promoted by Baba Ramdev and Acharya Balkrishna. It is engaged in the manufacturing and trading of FMCG, herbal, and Ayurvedic products under the 'Patanjali' brand.
When was Patanjali Ayurved incorporated?
Patanjali Ayurved was incorporated on 13 January 2006.
What is the CIN of Patanjali Ayurved?
The Corporate Identification Number (CIN) of Patanjali Ayurved is U24237DL2006PLC144789.
What is the registered office address of Patanjali Ayurved?
The registered office of Patanjali Ayurved is located at 3rd Floor, Plot No. 231, Sector 9, Dwarka, Raj Nagar-II, South West Delhi, New Delhi, Delhi 110077.
What is the GSTIN for Patanjali Ayurved?
The primary GSTIN for Patanjali Ayurved is 05AAECP4424C1ZX, registered in Uttarakhand (Haridwar) with a home state of Uttarakhand. The company has a total of 27 GSTINs across various states.
Sources
Tofler (registry, financials); TheCompanyCheck (registry, charges); Brickwork Ratings rating rationale PDF 13-Aug-2025 (ratings, standalone audited financials, group structure, shareholding, guarantees); KnowYourGST + Masters India + MicrovistaTech (GSTIN/PAN); CompanyDetails.in / Patanjali board disclosures (director DINs); Business Standard (FY24 income); Supreme Court Observer + Business Standard + NewsOnAir (litigation); Grand View / sector reports (competitors).
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.