“We aim to generate 2GW of solar power by setting up fully-functional “Solar Parks” by the end of 2025.”
Sudhir Aggarwal, Director, Patanjali Renewable
Patanjali began its operations began with Patanjali Yogpeeth in Haridwar, Uttarakhand. Today, it is one of the largest yoga institutions in the world. Patanjali Ayurved Limited was founded by Baba Ramdev in 2006 along with Acharya Balkrishna for research, development, treatment, and the manufacturing of ayurvedic medicines.
After entering the bulk ayurvedic medicines manufacturing space, Patanjali later branched out its operations to the FMCG market where it soon established its presence as a major consumer goods manufacturing company.
Patanjali has shown immense growth in the last 5 years. Growing at a fast rate, the company generated over Rs 10,000 Crore in 2017, making it the third largest FMCG brand after Hindustan Lever Limited and ITC in terms of overall revenue.
The company is now selling a wide variety of products in the FMCG space such as noodles, biscuits, cosmetics, amla juice, ayurvedic medicines, and atta.
Patanjali’s CEO, Acharya Balkrishna is now looking to grow the presence of the brand in the renewable energy industry as well.
While some parts of our country have advanced in terms of scaling energy demand-supply and technology, at present, there are several villages and remote areas in India without electricity. To meet the requirements of this section of the population by providing them with economically-sound, clean, and efficient electricity solutions, Baba Ramdev and Acharya Balkrishna have entered the renewable energy industry. From helping farmers with solar water pumps to installing solar street lights in remote areas without power, Patanjali Renewable is going above and beyond the call of duty to provide every household in India with a bouquet of energy-efficient products.
Patanjali wants to leverage solar energy to run its factories. Since most of the solar panels come from China, and the ones manufactured in India are low-quality, the company has decided to manufacture solar panels in-house.
“Getting into solar power is in line with the swadeshi movement. With solar power, each household in India can have a power supply, and we are here to make that happen.”
- Acharya Balkrishna, Managing Director, Patanjali Ayurveda Limited
With the Narendra Modi government trying to bring the renewable energy movement to India and generate approximately 100 GW of sun-energy by 2022, Patanjali wants to tap into the solar energy sector which has not been explored to its entire potential yet.
Our vision is to reduce the use of fossil fuels and make the most of the limitless sunlight to solve electricity issues in rural and urban areas in India. We want to be responsible leaders in providing clean solar-energy solutions and protecting the Earth’s natural resources. Patanjali Renewable Pvt. Ltd. is all about harnessing solar energy to brighten up the future of our country.
While our primary goal is to achieve 500 MW production capacity by the end of 2021, our mission also includes setting up:
Just like Patanjali’s FMCG products are being sold across various Patanjali Stores in India, we plan to sell our renewable energy solutions such as solar panels, solar inverters, solar lights, etc., and the renewable energy resources by other leading brands under a common roof - Patanjali Urja Kendra. Our mission is to set up Urja Kendra is different cities, villages, and towns.
We also plan to venture into the Electric Vehicle (EV) space by setting up easily affordable, renewable - energy powered, fast charging EV charging stations for the public. Our goal is to install at least 20 solar powered EV charging stations by 2020.
We’re currently focused on expanding our operations in India and plan to establish our presence in over 50 countries across the globe by 2021.