Balkrishna

Balkrishna (born Balkrishna Subedi;[3][4] 4 August 1972) is an Indian billionaire businessman and chairman of the consumer goods company Patanjali Ayurved. He was reported by Forbes to have a net worth of US$1.5 billion as of January 2020.[2][5][4][6]

Not to be confused with Bala Krishna.

Balkrishna
Born
Balkrishna Subedi

(1972-08-04) 4 August 1972[1]
Haridwar, Uttarakhand, India
NationalityIndian
OccupationAyurvedacharya, Businessman
Known for98.6% owner of Patanjali Ayurved
Net worthUS$1.2 billion (June 2020)[2]
TitleMD/CEO, Patanjali Ayurved
Websitewww.acharyabalkrishna.com

Early life

Balkrishna was born on 4 August 1972 in Haridwar, Uttarakhand (then Uttar Pradesh) to Nepalese immigrants, Sumitra Devi and Jay Vallabh Subedi from Syangja, Nepal.[1]

Career

In 1995, Balkrishna and Ramdev founded Divya Yoga Pharmacy in Haridwar, and in 2006, they founded Patanjali Ayurved,[7] a fast-moving consumer goods (FMCG) company involved in the manufacturing and trading of FMCG, herbal, and ayurvedic products.[8] Followers of Ramdev, NRIs Sunita and Sarwan Poddar, helped kick-start the business with a loan. According to Balkrishna, he had taken out a ₹50–60 crore loan at a time when he had never held a personal bank account in his name.[9] In 2012, the company posted a turnover of ₹450 crore (US$63 million) which by 2015–2016 had risen to ₹5,000 crore (US$700 million).[10]

While Ramdev does not hold a stake in Patanjali Ayurved, he is the face of the firm and endorses its products to his followers across his yoga camps and television programmes.[10] Balkrishna owns 98.6% of the company[2] and serves as its managing director.[11] He is a close aide of Ramdev.[12]

Awards

Balkrishna was awarded the Champions of Change award in 2019, for his work in the field of Ayurved.[13][14]

Personal life

Balkrishna lives in Haridwar, Uttarakhand, and is unmarried.[2]

References
  1. "Nepal followers celebrate Ramdev Aid Acharya Balkrishna's birthday with pomp". Daijiword.com. 4 August 2011. Retrieved 13 October 2016.
  2. "Forbes profile: Acharya Balkrishna". Forbes. Retrieved 9 June 2020.
  3. Priyanka Pathak-Narain (2017). Godman to Tycoon: The Untold Story of Baba Ramdev. Juggernaut Books. pp. 25–. ISBN 978-93-86228-38-3.
  4. "A Billionaire With Fake Degrees And Passport - This Is Patanjali's CEO Acharya Balkrishna". indiatimes.com. Archived from the original on 17 March 2018. Retrieved 16 March 2018.
  5. "Billionaire Baba: What makes Patanjali's Acharya Balkrishna one of India's richest". The Economic Times. 26 September 2017. Retrieved 16 March 2018.
  6. "How Acharya Balkrishna built a multi-crore company - Billionaire Baba". The Economic Times. Retrieved 16 March 2018.
  7. "Billionaire Baba: What makes Patanjali's Acharya Balkrishna one of India's richest". The Economic Times. 26 September 2017. Retrieved 17 March 2018.
  8. "Ramdev turns his Ayurved enterprise into an FMCG empire". Business Standard. 1 July 2015. Retrieved 29 December 2017.
  9. "The man who owns 94% of Patanjali Ayurved". The Times of India.
  10. Singh, Kanishka (14 September 2016). "How our craze for Patanjali made Ramdev aide Acharya Balkrishna one of the wealthiest Indians". Indian Express. Retrieved 17 September 2016.
  11. "Should Patanjali's Dizzying Growth Worry the Competition?". The Wire. 19 September 2016. Retrieved 13 October 2016.
  12. "Ramdev's close aide and Patanjali CEO Acharya Balakrishna now worth Rs 25,600 crore". DNA. 14 September 2016. Retrieved 13 October 2016.
  13. Pioneer, The. "Acharya Balkrishna receives Champions of Change Award". The Pioneer.
  14. "आचार्य बालकृष्ण को 'चैंपियंस ऑफ चेंज' अवार्ड, पूर्व राष्ट्रपति प्रणव मुखर्जी ने किया सम्मानित". Amar Ujala.
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