There is finally someone in India to give competition to Mukesh Ambani. If not in overall wealth, at least in the growth.
Acharya Balkrishna – The MD and primary stakeholder of Baba Ramdev’s Patanjali has crossed Mukesh Ambani in the growth of wealth per year.
Rise of 173%
Acharya Balkrishna has seen an approx rise of wealth of 173% compared to last year. This is a huge leap and brings him at the 8th rank in the Hurun India Rich List 2017 with a wealth of 70,000 crores.
Mukesh Ambani on the other hand still tops the list with a wealth of 2,57,900 crores with a jump of 58%.
Growth over the years
Patanjali as a brand has attracted lots of controversies in the last couple of years but still, Indian families have shown an immense love to the products. The aggressive marketing, face value of Baba Ramdev along with the swadeshi connect has done wonders for the company which has shown a growth by leaps and bounds in a short spell.
This is a reason that Balkrishna’s personal income made him stand at 25th rank last year and now he is at 8th rank.
Started with a personal loan
10 years back, Acharya Balkrishna started Patanjali along with Baba Ramdev by taking a big personal loan 50-60 crores. With his hard work, dedication and intelligence and he has now brought the company at the stage where it is challenging Hindustan Unilever’s turnover.
Acharya Balkrishna holds a 94% stake in the company and attracts so much money but still believes in the hard work. As per ET, he works for 15 hours a day, even on Sundays and other holidays during the year.
He claims he hasn’t taken a single day’s leave.
“I work daily from 7 am to 10 pm. While a normal person would work for 8 hours a day, I work for 15 hours through the week. I am doing the job of five people.”
10 richest persons of India as per Hurun report
What do you think about it?
