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Patanjali Ayurved successfully bids for food park in Nagpur Patanjali Ayurved Ltd, founded by yoga guru   Baba Ramdev , has successfully bid for setting up a modern food park at Mihan here. Maharashtra Airport Development Company (MADC) earlier floated two global tenders (in May and July 2016), but failed to get any bidder. In the third call, MADC has received   Patanjali Ayurved   as the technically qualified bidder, the state-run agency said in a release here on Friday. MADC has decided to develop agro, food, herbal and forest -based industrial park on a sprawling 230 acres of land in Mihan. The project is part of the company's efforts to develop the Vidarbha region. According to conditions set by the company, the bidders should have a minimum turnover of Rs 300 crore per annum from agro, food, herbal and forest-based processing business in the last three years. Also, their net worth should be Rs 75 crore in the last financial year, the release said. P...

Patanjali Ayurved, co-founded by televangelist Ramdev, is targeting Rs 10,000-crore revenue in 2016-17, after sales grew 150 per cent in the previous financial year to Rs 5,000 crore. The revenue target, if achieved, will put Patanjali Ayurvedahead of multinationals like Nestle, Colgate-Palmolive andProcter & Gamble in India. Read more from our special coverage on " PATANJALI AYURVED " Patanjali to invest Rs 1,150 crore in FY17; eyes doubling revenue SEA to move FSSAI, ASCI against Patanjali mustard oil ad The new business tycoons Delhi-headquartered   Patanjali Ayurved   has four business divisions: home care, cosmetics and health, food and beverages, and health drinks. The company would venture into khadi products and animal feed this year, Ramdev said. Patanjali Ayurved, founded in 2007, has grown more than 10 times in revenue in five years, an unprecedented feat in India's fast-moving consumer goods industry. "This is just the beginning. Ne...