Know About Acharya Balakrishna, The Man Who Owns 94% Stake Of The Patanjali

The Logical Indian

September 19th, 2016 / 6:19 PM

Image Courtesy: dolphinpost

Acharya Balakrishna and controversies surrounding him
Acharya Balakrishna, who is the CEO of Patanjali, was ranked 26 among 339, in the list of individuals having Rs 1,600 crores. This 44-year-old CEO has stormed into Hurun India Rich List with a wealth of Rs 25,600 crore. Balakrishna, who was born to Nepali parents, had later migrated to India.

Though the face of Patanjali is Baba Ramdev, the brain behind this enterprise is Acharya Balakrishna. While Baba Ramdev propagated ideas of Swadeshi, Ayurveda, Yoga and etc, Balakrishna created products to tap such markets. Unlike the popular belief that Baba Ramdev is the main benefactor behind Patanjali, it is Balakrishna who owns 94% of the stake in the organisation. Baba Ramdev holds no stake in the company.


Controversies
Balakrishna’s journey from a village in Nepal to becoming the CEO of one of the fastest growing FMCG brands in the country is nothing short of a miracle. But, his journey is not devoid of controversies. His high school and Sanskrit degrees from Sampurana Nand Sanskrit University do not exist on records. He was also charged with cheating and criminal conspiracy for procuring Indian citizenship. The CBI (Central Bureau of Investigation) registered a case against Balakrishna in 2011 and arrested him on charges of forgery and cheating. Subsequently, the ED (Enforcement Directorate) filed a case against him on charges of money laundering. But the agency, after a2-year investigation, found no evidence of wrongdoing and gave Balakrishna a clean chit.


Does degree matter?
There is an opinion that degree does not matter and one’s capabilities to produce results only matter. It is absolutely true that degree does not matter to produce results, but for a business which uses the “trust” factor, truth is of very importance. Patanjali’s success can be mainly attributed to the trust factor of Baba Ramdev and the trust on his disciple Acharya Balakrishna. Most of the people started using Patanjali products because they trusted Baba Ramdev.

Patanjali has a stature of being indigenous and swadeshi at the present time and as claimed they are using swadeshi knowledge and Ayurveda to compete against FMCG giants and MNC.

Also, they have been in controversies for their products and their quality. At the same time have been praised for promoting swadeshi products.


Contributors

Edited by :

Share your thoughts..

Related Stories

After A Scuffle With Adityanath’s Govt, Patanjali Says Mega Food Park Will Stay In UP

TLI Explains: Why Was Ramdev’s Kimbho App Taken Down?

Delhi Court Lifts Ban On Publication And Sale Of Godman To Tycoon: The Untold Story Of Baba Ramdev

50 Tonnes Of Sandalwood To Be Exported To China By Patanjali Seized; Ramdev Moves Delhi HC

Land Given At 75% Discount To Patanjali, RTI Officers Who Made The Information Public Transferred

Patanjali Products Face Another Rejection Because Of ‘Substandard Quality’, Fail Microbial Tests

Latest on The Logical Indian

News

MHA To Honour Good Samaritans With ‘Jeevan Rakshak Padak’: Nitin Gadkari

World Affairs

Kofi Annan, Former UN Secretary General And Nobel Laureate Passes Away At 80

Get Inspired

Kerala Floods: Journalist Cancels Daughter’s Engagement, Donates Money To CM Relief Fund

News

Former Cricketer Imran Khan Becomes PM of Pakistan, Takes Oath Today

Get Inspired

Kerala Flood Heroes: Indian Navy Captain P Rajkumar Rescues 26 People, Commander Vijay Airlifts A Pregnant Woman To Hospital

News

New GDP Data Shows India Attained More Than 10% Growth Twice During Dr Manmohan Singh’s Tenure

x

Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.