The Silicon Review - Best Business Review Magazine 10 Best Startups of the Year 2019 Asia | Page 36

From practicing and preaching Yoga Baba Ramdev transformed the FMCG R amkishen Yadav, fondly known as Baba Ramdev is a popular name in the business industry for dramatically transforming a small business into an empire. He rose to popularity after preaching the benefits of Yoga and reaffirming Indians’ faith in it. The Yoga master brought back the craze of meditation and Yoga in India. He founded the Divya Yog Mandir Trust in 1995 after years of practicing self-discipline and meditation. Ramdev’s journey from being a Yog guru to a business tycoon is amazing. Back in 1997, Baba Ramdev, along with Acharya Balkrishna, started Patanjali Ayurveda Ltd., a small-sized pharmacy with an intention to promote Ayurvedic medicines and reap the benefits of Ayurveda. Who knew that the small step taken almost 20 years back will turn out to become a billion dollar empire? The Patanjali brand turned out to be the fastest selling brand. Patanjali Ayurveda Ltd. completely dominated the FMCG sector to an extent that it gave many business behemoths like P&G, 36 JANUARY 2019 Nestle, Colgate- Palmolive, Johnson & Johnson etc. a run for their money. No Indian company has such an exponential growth when it comes to gaining brand loyalty in the FMCG sector. The company has a versatile product folio, ranging from food items like ghee, noodles, biscuits, flour, canned juice, honey etc. to other consumable products like toothpaste, aloevera gel, shampoo etc. Talking about diversity in the product range, Patanjali has also started working on the textile front. Patanjali Paridhan, a recently launched line of apparels including more than 3,000 products ranging from kidswear to Yogawear and sportswear is bringing Patanjali recognition in the textile industry. Although Baba Ramdev is not the real owner of Patanjali as he holds no profits or shares in the company, he is the face of the business. Not only as an incredible yoga teacher, but he is also well acknowledged as a smart businessman. American business magazine Fast Company ranked Baba Ramdev 27th in its list of “Most Creative Business People of 2016”. There is no doubt about his amazing business strategies. With “Made in India” becoming a mass movement in India, he exploited the opportunity really well to drive people’s attention towards products made in India. Patanjali succeeded in gaining customers’ loyalty because the products claim to be adulteration free and are sold at a comparatively cheaper price. So, what is the secret ingredient for creating Patanjali? Well, it is simple! The blend of ancient Indian science