Achieving the 50,000 crore revenue target by 2022 will not be impossible for Patanjali Ayurved, said Acharya Balkrishna, managing director of the company.

Baba Ramdev's firm has not had a smooth financial year 2018. Demonetisation and GST have had an impact on the company's growth and sales have not been up to the mark.

To combat slowdown in sales, the company is now working on growing its sales team, improving systems and processes, said Balkrishna, adding that "The target is to more than make up for the lacklustre 2018."

Big forays planned for this year include the launch of its apparels brand 'Paridhan' as well as dairy. The company has marked out 10,000 crore of investment over the next 3-5 years for expansion and capacity building across plants.

The company also confirmed that it has received assurances from the UP government that issues with respect to the Noida plant will be ironed out soon.

Along with its core FMCG business, Patanjali has also pushed the pedal on diversification and one such business that it is focusing on is solar equipment business. The company plans to roll out panels for commercial sale very soon.

First Published:Jun 14, 2018 8:50 AM IST